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Imelda Malapitan

Ms. Malapitan is a Benefits Consultant at Frederick Bass & Co., Inc. She has been a benefits consultant for over 25 years, specializing in the qualified plan area. Her areas of expertise include the following: Design and administration of defined benefit plans Actuarial valuation of defined benefit pension plans Design and administration of defined contribution retirement plans that provide safe harbor 401(k) features and safe harbor allocation formula Design and administration of defined contribution retirement plans (or in combination with defined benefit plans) under the new comparability rules Annual allocation of balance forward defined contribution plans Annual compliance testing to ensure compliance with the minimum coverage rules of IRC Section 410(b), the top-heavy rules of IRC Section 416, the limitations on contributions and benefits under IRC Section 415, the non-discrimination rules of IRC Sections 401(k), 401(m) and 401(a)(4) Provide assistance to clients in the preparation of plan documents, Summary Plan Description, administrative forms and administrative manuals Provide assistance to clients in filing for compliance under the DOL and IRS resolution programs with regard to plan operational failures and fiduciary violations Provide assistance to clients in cases of plan audits performed by DOL and IRS Ms. Malapitan joined Bass Consultants, Inc. (the predecessor firm to FBCI) in 1987. Ms. Malapitan was Manager of Technical Services for American General Life Insurance Company's Pension Department for 5 years. Ms. Malapitan graduated with a Bachelor of Arts degree from Loyola University in 1978.