Red Bank, NJ, September 14, 2018 --(PR.com
)-- Northeast Professional Planning Group, Inc., (NPPG) a leading independent ERISA fiduciary, full-service employee benefits, retirement planning, and actuarial consulting firm announces the appointment of Matthew Donnachie to Retirement Plan Administrator.
Mr. Donnachie is an experienced retirement plan administrator skilled in the preparation of annual Plan Valuations, Form 5500, trust accounting, asset reconciliation and compliance testing. Prior to joining NPPG, Matt was a retirement plan administrator for a third-party administration firm located in King of Prussia, PA. During that time Matt earned his Qualified 401(k) Administrator (QKA) designation.
“We recognize the difficulties plan sponsors face in retirement plan management and the administrative strain on internal resources,” commented Michael M. Salerno, Founder and CEO of NPPG. “Our mission is to deliver to our clients the best in available pension resources from technology to top-level professionals to increase efficiencies of plan administration and compliance adherence. Matt’s ability to navigate the many moving parts of retirement plan administration while providing excellent customer care is a welcome addition to the NPPG family.”
Mr. Donnachie will prepare annual Form 5500 filings, review and administer participant loans, preform contributions calculations and annual non-discrimination tests to ensure meeting the compliance requirements of 401(k) and 401(m), as well as the 410(b) minimum coverage and the 416 top-heavy testing. Matt will coordinate with financial institutions and plan trustees to expedite the timely administration of plan loans and distributions.
Matt is a graduate of Cabrini College and will be based out of the NPPG’s corporate headquarters in Red Bank, New Jersey.
About Northeast Professional Planning Group
NPPG is an independent ERISA fiduciary, full-service employee benefits, retirement planning, and actuarial consulting firm. NPPG handles more than $3 billion in assets and more than 2,000 plans for clients nationwide. A full suite of compliance services, include Affordable Care Act (ACA) compliance, ERISA 3(16) administrative fiduciary services, retirement plan third party administration, as well as overall regulatory consulting and plan correction. NPPG customizes solutions to meet business and financial goals of their clients. NPPG’s clientele is made up of members of the New York stock exchange and NASDAQ, non-profit organizations, Fortune 500 companies, government agencies, as well as small entrepreneurial businesses. For further information, contact Northeast Professional Planning Group, Inc. corporate office in Red Bank, NJ at (732) 758-1577 or visit www.nppg.com.