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Banking and Financial Services
High level expertise in all aspects of financial
accounting and regulatory reporting.
Financial Accounting Administration
Preparation of Financial Statements
A customized balance sheet and income and expense statements are produced on a monthly basis, and year-end GAAP basis financial statements in compliance with the requirements for SAS112 / SAS 115.
Zenith American fulfills all regulatory and reporting requirements for our clients providing accurate information in a timely manner to all providers, participants, and tax authorities regarding benefit payments. Our financial accounting staff prepares and files all required monthly, quarterly and annual tax forms along with the appropriate tax payments.
Payment of Plan Expenses
Zenith American processes all administrative invoices according to established Trust procedures and prepares monthly disbursement letters listing all administrative plan expenses in compliance with Trust procedures.
We maintain all financial records, including but not limited to: maintain a proper accounting system reflecting all receipts and disbursements, maintain sufficient documentation to support all transactions recorded in the general ledger of the Trust. Process and manage cash transfers as directed by a designated representative of the Trust. Provide monthly financial statements to Trustees and other designated plan professionals along with financial information and documentation to external auditors or governmental agencies.
Pension Plan Administration
Zenith American Solutions offers defined benefit and defined contribution pension plan administration.
Our services include:
Application and inquiry processing
Production of benefit checks and FTEs
Other government required notices and reports
Annual reports of individual and group statistics
Assistance preparing plan documents, amendments, and summary plan descriptions
Detailed work history with contribution reporting
Annual benefit statements
Zenith American supports a broad range of withdrawal services including trust-to-trust transfers, participant loans, and hardship withdrawals
100% quality review of all pension transactions
Age 70 1/2 search
Annual death index search
Annual disability reviews