Timeline & Expectations

Thank you for your interest in Front 9 Administration. Front 9 is a Third Party Administrator (TPA) and we help our Clients reduce taxes and maximize savings! Below you will find a high level overview of our timeline and expectations of partnering with our Clients and their Advisors, CPAs, Accountants and more!

Approximate Timeline

1. Request – Complete Client Questionnaire to initiate request for design study.

2. Design – Design proposal is created and sent to you for review. May take up to 2 weeks.

3. Engagement – Client agrees to move forward. New Client Engagement Package is completed and sent to client via Formstack Sign.

4. Execution – Execution of New Client Package is completed. Invoice for plan set-up and administrative fee sent to client for payment.

5. Drafting – Once payment is received, we begin drafting Plan Documents. May take up to 3 weeks to draft Plan Documents.

6. Authorize – While Plan Documents are being drafted, we will send via Formstack Sign an authorization letter to the client to obtain EIN’s for the Plans.

7. Obtain – Once authorization is received, we obtain EIN’s for Plans. Takes 3-5 days to obtain dependant upon IRS portal availability.

8. Opening – Plan Documents are sent via Formstack Sign for client review and signature. Once completed, accounts may be opened with provided Plan EIN’s.

INVOICING

Clients will receive quarterly invoices for the Annual Administrative Fee at the beginning of each quarter for the current year.

DEFINED BENEFIT AND PROFIT SHARING CONTRIBUTION INFORMATION

Contributions for the plan year are due at tax filing OR 9 1/2 months past plan year end, whichever comes first.

ANNUAL INFORMATION AND KEY DATES

Census and Plan Investment account balance information will be requested by Front 9 about 1-2 months after the end of the plan year end to begin annual administration on the Plans. This data collection request will include:

  • – Census information
  • – Plan investment statements
  • – General questions related to any material corporate or Plan changes.
  • – Annual statements for all participant accounts will be provided by Front 9 for plan year end to be distributed to participants after all allocations and annual administration is completed.

5500 forms are prepared by Front 9 for each plan and must be filed by the end of the seventh month following the plan year end (OR 9 1/2 months if an extension is filed).