Security Administrators, Inc. (SAI), is a subsidiary
of Security Mutual Life Insurance Company of New York, with offices
located in Binghamton and Syracuse, New York. It was established
in 1984 to provide third-party actuarial and administrative services
to small- and medium-sized companies who sponsor "qualified" pension
and profit sharing plans.
Many
of the plans serviced by SAI are sponsored by employers who
invest their qualified plan assets in policies or funds offered
by Security Mutual. However, SAI is also available to service
plan sponsors who have chosen to invest their assets outside
of SAI’s
parent company.
SAI is staffed by experienced
professionals who are trained to assist plan sponsors in the
operation of their qualified plans at a very reasonable cost.
SAI’s
knowledgeable employees, equipped with state-of-the-art computer
facilities, deliver quality services on time and at an affordable
cost.
The full range of qualified plan services available
include:
Plan Design
Plan Implementation
(Prototypes or Individual Documents are available)
Preparation
of Summary Plan Description
Actuarial Valuation and Certification
for Defined Benefit Plans
Coverage and Participation Testing
Employer and Employee
Record Keeping for Defined Contribution Pension and Profit
Sharing Plans
Calculation of Distributions for
Terminated or Retired Participants
Section 415 Calculations
Top Heavy Testing
Non-Discrimination Testing
Plan Termination
If you currently have a retirement program or if you are
considering a new plan, give us a call at (607) 771-1180
or e-mail us.
