ABOUT US

HCH Companies, Inc., was organized in 1986 with the purpose of providing the highest level of Administrative and Consulting Services available to sponsors of qualified retirement plans. Ronald J. Harvey, J.D., President of HCH is a graduate of Indiana University School of Law, Class of ‘71. He is assisted by qualified Plan Administrators and Actuaries with a combined total of 75 years of experience in ERISA plans.

In recent years, there have been significant legislative changes affecting pension plans. Current law dictates specific measures dealing with anti-discrimination, highly compensated rules, benefit limitations, contribution limits, taxation of benefits, cash outlays and many other restrictions limiting plan design and corporate objectives.

To meet these challenges, you must have the flexibility to be responsive to many different situations. Therefore, one of our primary objectives is to tailor the range of services to fit specific needs of each individual client, to achieve the goal of a balance between corporate objectives, cost efficiency and compliance with current law.

SPECIFIC AREAS OF EMPHASIS

Existing plans are reviewed within the scope of recent tax legislation and the development of new approaches such as new comparability allocations in profit sharing plans to determine the most efficient strategy for reaching the long range objectives. The plan design may be restructured to adjust benefit levels and allocations. Plan documentation and filings are examined for potential compliance issues.

In a qualified plan, especially, success may well depend on the goals of both the Employer and the Employees. Several plan features must be considered:

How many contributions sources are appropriate?
Who should be eligible and when?
What allocation method should be used to achieve corporate goals?
What vesting schedule is necessary to stem employee turnover?
Should a profit sharing allocation be added to your 401(k) plan?
If so, should it utilize an allocation method intended to favor long term and highly paid owners and employees?
Should an attempt be made to comply with IRC Sec. 4048 and the Regulations thereunder in an effort to reduce fiduciary liability on the part of the owners and plan trustees?

SERVICE APPROACH

One of our primary strengths is the focus we place on staying in touch with employers and their pension plan goals. Technical complexity notwithstanding, consulting remains a service business.

Therefore, a successful business/client relationship occurs only when every member of the consulting team views themselves as an extension of the client organization. Shared goals and responsibilities are the hallmark of this relationship.

At HCH service ultimately means a commitment to the delivery of all requisite corporate and participant reports within a reasonable amount of time following receipt of all correct corporate, participant and asset data. We believe this rigorous standard of accurate, timely reporting to both the company and participants will optimize the positive characteristics of your plan. In addition, this service commitment extends to all other phases of our administrative obligations. All benefit calculations will be completed within 14 days of receipt of notice of employee termination of employment, whether for retirement, in-service distribution, death, disability or hardship. Likewise, loan documentation, including the promissory note, collateral agreement, amortization schedule and spousal consent will be completed within 14 days of receipt of notice of application for a loan.

As a matter of administrative routine all benefit calculation requests are give a first priority when received. We are acutely aware of your need for the information to meet the expectations of employees impatient for such results.

Likewise, we make every attempt to provide what we call instant telephone response to you as a plan sponsor. Every plan is assigned to a specific administrator. In the event that your administrator is unavailable when you call a back up administrator will service your request or in the alternative see that your call is returned promptly. Not all questions can be answered instantly. However, like your own customers, you have the right to expect a courteous and timely response to your queries.

Again, as a third party administrator, we are in the service business. Responding to the needs of our clients is an integral part of that service. If given an opportunity to serve in that capacity for your company we will endeavor to provide the highest level of service available to you and your 401(k) plan.