WHAT WE MANAGE
From eligibility tracking and nondiscrimination testing to year-end allocations and participant distributions, Nydia handles the complete annual administration cycle.
We apply your plan’s rules to each participant, maintain account balances, and track service history year over year.
All required IRS nondiscrimination and coverage tests, including:
Allocations, forfeitures, trust reconciliation, and annual participant statements prepared on schedule.
Full documentation, amortization schedules, required notices, hardship support, and QDRO coordination and processing.
Accrued benefit maintenance, vesting application, coverage and nondiscrimination testing (410(b), 401(a)(4), 401(a)(26)), top-heavy status, and 415/404 limit calculations.
Plans with 100+ eligible participants require an independent CPA audit. Nydia coordinates directly with your auditor and provides complete documentation packages.
ANNUAL FILINGS
Nydia manages all required IRS, DOL, and PBGC filings as part of standard annual administration.
For plan sponsors who want to reduce their personal fiduciary exposure, Nydia offers 3(16) plan administrator services as a separate, dedicated engagement. As a named 3(16) fiduciary, Nydia assumes responsibility for certain plan administration decisions and functions, providing sponsors with a documented layer of fiduciary protection.
WHO WE WORK WITH
You carry fiduciary responsibility for how your plan is administered. Nydia keeps it tested, filed, and documented to standard every year on your behalf.
We manage the full conversion, review prior-year work, and get your plan current before taking over the annual cycle. Our process is thorough by design.
We serve as the compliance backbone for financial professionals who bring us in as their plan consultant partner. You stay focused on investments; we handle every filing and testing requirement on schedule.
COMMON QUESTIONS
An RPC (or TPA as many still call tehmselves) handles the technical administration and compliance work for a retirement plan: annual testing, government filings, participant account management, and distribution processing. Nydia goes further with a consultative approach, helping sponsors understand their plan’s performance throughout the year.
401(k) plans must pass annual nondiscrimination and coverage tests including ADP/ACP testing, coverage testing under Section 410(b), top-heavy testing under Section 416, and the annual additions limit under Section 415.
Common corrective options include refunding excess contributions, making qualified nonelective contributions (QNECs), or restructuring as a safe harbor 401(k). Nydia identifies failures early and works with you to select and implement the right correction.
Form 5500 is the annual filing for most qualified retirement plans. For calendar-year plans, the original deadline is July 31, with an extended deadline of October 15. Nydia prepares and files Form 5500 as part of standard annual administration.
A 3(16) fiduciary is a named plan administrator under ERISA who assumes formal responsibility for certain plan administration functions, reducing the sponsor’s personal exposure for those decisions. Nydia offers 3(16) services as a dedicated, separately structured engagement.