A well designed retirement plan is crucial to helping you prepare for eventual retirement and also helping you recruit and retain hard working employees. Because MGKS is a full-service actuarial, consulting and third party administration firm, we are equipped to offer you comprehensive services that take the worry out of sponsoring a qualified retirement plan. This allows you to focus on your own core competencies which makes it easier for your business to grow and succeed. MGKS wants to be a value added strategic partner by providing services important to making a secure retirement a reality for you and your employees.

Retirement Plan Design and Implementation


Selecting, customizing and implementing a retirement plan can be a complex process. Our professional staff will guide you through each step of the process including:

  • Review the employer's controlled group and/or affiliated service group situation.

  • Design a retirement plan tailored to meet the needs of the owners, employees and the business itself.

  • If we are taking over a plan already in existence, we will review the existing plan provisions and recommend changes to fully meet the employer's goals and objectives.

  • Prepare plan documents as required by the IRS.

  • Prepare the request for an IRS determination letter, if applicable.

  • Prepare the Summary Plan Description that is required to be distributed to plan participants.

  • Prepare customized enrollment and administrative materials.

  • Conduct employee meetings to communicate the provisions of the retirement plan.

Defined Contribution Plan Recordkeeping and Administration


We perform the following third party administration services in order to provide smooth and efficient plan operation:

  • Calculate employee eligibility and plan entry after each plan year end.

  • Maintain participant vested percentage records when needed.

  • Determine eligibility for allocation of employer contributions and forfeitures.

  • Allocate employer and employee contributions.

  • Allocate plan earnings.

  • Allocate forfeitures, if applicable.

  • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R.

  • Loan processing: Set up of loan accounts, preparation of promissory note and amortization schedule and tracking loan repayments.

  • Hardship withdrawal processing: Determination of hardship distribution amount and preparation of application forms.

  • Reconcile trust accounts to ensure all activity (contributions, distributions, earnings, etc.) are reflected in participant accounts.

  • Prepare customized participant statements.

  • Monitor participants who are required to receive age 70½ distributions.


Defined Benefit/Cash Balance Plan Actuarial Services and Administration


Our professional staff has the expertise and up-to-date technology to provide the necessary actuarial and administrative assistance to manage your defined benefit plan, including:

  • Calculating employee eligibility and plan entry after each plan year end.

  • Maintaining participant vested percentage records when needed.

  • Determining eligibility to receive benefit accrual.

  • Preparation of annual actuarial report and certification.

  • Actuarial determination of required employer contributions.

  • Preparation of individual benefit statements.

  • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R.

Annual Compliance Testing and Government Reporting 


Our professional staff has the knowledge and expertise to help keep your retirement plan in compliance with federal laws and regulations and, should violations occur, provide you with methods of correction. We provide the following services, if applicable:

•  Contribution deductibility calculations (§404).

•  Annual additions testing (§415).

•  Top heavy testing (§416).

•  Coverage testing (§410(b)).

•  ADP/ACP testing (for 401(k) plans only).

•  Preparation of IRS Form 5500 and related schedules.

•  Preparation of Summary Annual Report for participants.

•  Preparation of appropriate PBGC forms (for defined benefit plans only).


Consulting Services


​We also provide an array of consulting only services for plan sponsors not in need of ongoing plan administration services for their retirement plan. You can rely on us for help with:​

•  Consulting on plan terminations and mergers.

•  Assisting with IRS, DOL, & PBGC audits.

•  Reviewing QDRO development and execution

•  Conducting special plan or participant benefit studies or projections.


6530 N. 16th St.

Phoenix, AZ 85016-1306

Telephone: 602-944-1515




Follow Us:

  • LinkedIn App Icon
  • Wix Twitter page