Administrative Forms
The following is a description of the various forms that may be used in the day-to-day operation of the plan.

Notice of Eligibility – As employees become eligible for the retirement plan, this form should be given to them for completion and kept in your files.

Catch-Up Deferral – This form is used for participants who are over the age of 50 or who will be reaching age 50 during the current plan year. The Catch-Up limit for 2010 is $5500. The participant should complete the form and return it to you.

Employee Direct Rollover – If the plan permits the rollover of assets from other tax-qualified plans, the employee can complete this form in order to have the assets rolled into the plan. The form needs to be signed by the plan Trustee to indicate acceptance of the rollover. Once the check has been received, it should be forwarded with a copy of the form to your fund family. Please provide PPI with copies of the check and form as well.

Designation of Beneficiary – This form is used to change the participant’s beneficiary. The original should be kept on file.

Spousal Consent to Designate Non-spousal Beneficiary – This should be given to all participants who are married and choose a beneficiary other than their spouse. It must be notarized and returned to your for your files.

Loan Distribution Package – If your plan allows for loans, please read the instructions in the package. These forms, along with the Loan Procedure, should be given to a participant who requests a loan from the plan.

Notice of Hardship Withdrawal and Application for Hardship Withdrawal – If the plan allows for hardship withdrawals, the Notice and application should be given to any participant applying for a hardship withdrawal. Once the form has been completed by the Participant and Trustee, please have the form sent to PPI. We will then process the request and return to you the applicable fund family forms for the payment request.

Application for In-Service Distribution – If your plan allows for in-service distributions while an employee is still employed, the participant would complete the application and Spousal Consent Form, if married. The spousal consent requires a notarization as well. Once the forms have been completed by the Participant and Trustee, please return to PPI for processing.

Distribution Package - This package includes instructions, the Benefit Request Notice, the Participant Distribution Election and the Special Tax Notice Regarding Plan Payments. These forms need to be completed in order to process a distribution from the plan. The Special Tax Notice is required by law and MUST be provided to participants prior to a distribution being made. After completion by the participant and you, as plan sponsor, please return the forms to PPI. We will then process the request and return the appropriate fund family forms to you for the final payment to be made.

We promise to provide
  • The highest standard of quality of work
  • Highly trained administrators
  • Timely and accurate information
  • State- of-the art plan designs

Please explore our website to find out more about our services and company.

For more information:

Pension Performance, Inc.
Pension Performance Inc.
2551 Division St., Suite 104
Joliet, IL 60435

815-733-6226 Phone
815-733-6224 Fax