{"id":1190,"date":"2018-06-11T09:50:53","date_gmt":"2018-06-11T14:50:53","guid":{"rendered":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/?page_id=1190"},"modified":"2022-08-22T18:06:11","modified_gmt":"2022-08-22T18:06:11","slug":"pensions-and-annuity-processing","status":"publish","type":"page","link":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/solutions\/pensions-and-annuity-processing\/","title":{"rendered":"Pension and Annuity Administration"},"content":{"rendered":"<h3>Comprehensive Pension &amp; Annuity Plans Administration<\/h3>\n<p class=\"leading\">Amalgamated Employee Benefits Administrators offers a robust, end-to-end Pension &amp; Annuity Administration service. It encompasses all aspects of well-managed and administrated pension and annuity plans, including:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-1459 size-medium\" src=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-content\/uploads\/sites\/4\/2018\/07\/Pensions-203x300.jpg\" alt=\"Man in a yellow shirt having a phone conversation\" width=\"203\" height=\"300\" srcset=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-content\/uploads\/sites\/4\/2018\/07\/Pensions-203x300.jpg 203w, https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-content\/uploads\/sites\/4\/2018\/07\/Pensions.jpg 270w\" sizes=\"(max-width: 203px) 100vw, 203px\" \/><\/p>\n<ul>\n<li>Maintaining records of participant benefits, eligibility and payment history<\/li>\n<li>Maintaining full financial records<\/li>\n<li>Processing pension applications in compliance with fund benefit rules<\/li>\n<li>Processing annuity plan distributions and loan applications<\/li>\n<li>Assisting in the preparation of government filings<\/li>\n<li>Preparing and issuing 1099s<\/li>\n<li>Administering fiduciary liability and fidelity bond insurance<\/li>\n<li>Attending and reporting at trustee meetings<\/li>\n<li>Assisting with annual audits<\/li>\n<li>Managing all billing, collection and reconciliation of monthly employer contributions or withdrawal liability payments; data maintenance; delinquency and standard reporting<\/li>\n<li>Handling member inquiries (i.e., eligibility, application status, contributions, pension payments, and annual pension and annuity statements)<\/li>\n<li>General administration, coordination and communications with other plan professionals (i.e., accountant, auditor, attorney, actuary, benefit consultant) and the preparation of annual valuation reports, funding notices, SSA files for 5500s<\/li>\n<li>Managing appeals (i.e., documentation, presentation, recommendations, receipt of final determination, communication of resolution)<\/li>\n<li>Maintaining records (i.e., plan documents and amendments, SPDs\/SMMs\/benefit overviews, trustee meeting minutes, trust agreements, rate\/fee adjustments)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive Pension &amp; Annuity Plans Administration Maintaining records of participant benefits, eligibility and payment history Maintaining full financial records Processing pension applications in compliance with fund benefit rules Processing annuity plan distributions and loan applications Assisting in the preparation of government filings Preparing and issuing 1099s Administering fiduciary liability and fidelity bond insurance Attending and&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/solutions\/pensions-and-annuity-processing\/\" title=\"Read Pension and Annuity Administration\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":374,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-json\/wp\/v2\/pages\/1190"}],"collection":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-json\/wp\/v2\/comments?post=1190"}],"version-history":[{"count":2,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-json\/wp\/v2\/pages\/1190\/revisions"}],"predecessor-version":[{"id":2204,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-json\/wp\/v2\/pages\/1190\/revisions\/2204"}],"up":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-json\/wp\/v2\/pages\/374"}],"wp:attachment":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\/wp-json\/wp\/v2\/media?parent=1190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}