Feature Services Individual

Business Services

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Overview

Are you a business executive looking for an accounting, finance, HR and tax leader ready to do what it takes to support you and your team? Let us take on these functions, so you can focus on product development, customer acquisition and fundraising...

We:

  • Provide all levels of accounting1 and finance services, from staff accountant to controller to CFO, on part-time and interim basis, so you save the cost and hassle of hiring full-time staff until you need them
  • Prepare executive financial reports to keep your business on track and to support financing
  • Create financial models that answer “what if” questions so you can choose the best course of action
  • Develop and oversee strategic operating plans and budgets so you track success and implement timely adjustments
  • Manage your grant contract billing and reporting, freeing your mind of their myriad details
  • Prepare tax returns for your business, as well as for the principals and employees
  • Work with your CPA firm to assure clean audits
  • Manage banking, payroll, HR and benefits, contracts, legal and other administrative functions

Strategic

  • ​Company executive, Board of Directors, and investor communications and planning
  • Corporate and business financial modeling
  • Grant, debt and equity fundraising
  • Equity compensation accounting advice
  • Coordination of periodic 409A valuations with Client’s independent valuation firm
  • Annual review of corporate insurance coverage
  • Strategic operations planning
  • Strategic governance and compliance planning
  • Corporate development
  • Accounting and related software/platform selection
  • Benefits, legal and vendor administration
  • Facilities

Analysis, Control and Reporting

  • Monthly, quarterly and annual financial statements as required by lenders, investors and Board of Directors
  • Grant and loan management and reporting
  • Financial statement analysis including cash burn, historical trending, variance analysis
  • Maintenance of accounting and expense report policies
  • Coordination with client’s independent CPA firm for tax compliance and government filings, including income and non-income, sales and use tax filings
  • Annual ISO exercise notification
  • Independent contractor reporting
  • Business license renewals
  • Accounting and related software/platform implementation
  • Controls implementation
  • Cash management
  • General liability and other non-payroll insurance reporting

Operations and Execution

  • Bill processing and payment
  • Customer invoicing and collection
  • Expense report processing and payment
  • Payroll processing, including vacation and sick time tracking
  • Commissions tracking
  • Bank and investment account reconciliations
  • Journal entries and general ledger
  • Respond to questions from vendors, customers and employees
  • Asset management

HR and Payroll Administration

  • New hire on-boarding and exit processing
  • Development and periodic update of Employee Handbook
  • Administration of benefits plans
  • Workers’ compensation and other payroll insurance reporting
  • Payroll set up
  • FMLA coordination
  • FSA administration
  • 401(k) administration
  • Cobra set up with the third-party provider
  • Respond to notices and inquiries from federal and state regulatory bodies

Retirement Plans

Our retirement services include:

  • Traditional 401(k) Plans
  • Safe Harbor 401(k) Plans
  • Profit-sharing Plans
  • Defined Benefit Plans
  • Cash Balance Plans
  • 403(b),457(b),457(f)
  • Non-Qualified Plans
  • Actuarial Services
  • ERISA Compliance Reviews

The components of our services are:

Plan Design Review

An effective retirement plan begins with a sound plan design. Design elements impact every aspect of your plan—from investments and recordkeeping to compliance and communication. Together with our TPA partner experts, we review and provide feedback on:

  • The flow and types of contributions into your plan
  • Increased tax deduction for owners or senior management
  • The timing of distributions
  • Eligibility requirements
  • Vesting schedules
  • QDROs, loans or hardship options

Provider Search and Fee Benchmarking

We provide you with the actionable knowledge you need to meet your fiduciary responsibilities by helping you validate and, if needed, change aspects of your plan. By proactively helping you contain fees, expand provider services and enhance investment opportunities, we help you move up to a higher level of best practices.

We can quickly and efficiently help you determine whether to remain with your current providers, or uncover areas where a move to an alternative provider would be in the best interest of the plan. If a full search is not your intention, we can conduct fee benchmarking to ensure your compliance with ERISA requirements to periodically compare your plan to the marketplace.

Our process offers quantitative and qualitative metrics for a thorough and balanced analysis. It enables us to intelligently measure plan fees, services and investments, and is comprised of:

  • Conducting an Initial Needs Analysis
  • Developing a full RFP Questionnaire
  • Compiling responses
  • Presenting a Total Cost Analysis
  • Communicating Benchmarking Results

To ensure you receive the best service, we provide assistance when you are moving your plan to an alternate provider.

Investment Due Diligence

We help you fulfill your fiduciary responsibilities and enhance opportunities for participants through systematic, quantitative and qualitative investment analysis. We provide the assistance you need to select, monitor, and evaluate funds within a best practices environment. Our process entails:

  • Conducting in-depth Investment analysis, using institutional fund selection methodologies
  • Developing an Investment Policy Statement
  • Presenting the most appropriate providers, be they bundled or Open Architecture
  • Monitoring asset allocation (target date) funds and models
  • Educating your Investment Committee on investment theories and methodologies at its desired degree of involvement

Fiduciary Compliance

Many companies do not know their fiduciary responsibilities under the law. We help you maintain compliance with the DOL, IRS and other regulatory bodies, and help improve investment opportunities for your plan participants. As a Registered Investment Advisor, we become your co-fiduciary to your retirement plan as it relates to the selection and monitoring of investments, while providing ERISA 404(a), 404(c) and other compliance-related services to reduce your exposure.

We measure the health of your retirement plan, and the ability of plan fiduciaries to operate in accordance with ERISA and the plan documents. We provide the resources to identify potential weaknesses in your plan and remedy through education, due diligence and process implementation.

Employee Education and Communication

In order to help build greater financial security for plan participants, one of our goals is to increase plan participation and elective deferral contributions. The other is to help participants make appropriate asset allocation and investment selection. Plan sponsors play a critical role in helping keep employees informed. We assist you in this role by:

  • Providing pre-enrollment announcements so employees can plan ahead and submit questions prior to group enrollment
  • Conducting onsite group enrollment or individual meetings at times most convenient for you and your employees
  • Conducting group investment education meetings to help participants make informed deferral and asset allocation decisions
  • Offering group and individual investment advice to help participants select funds based on a customized risk profile questionnaire
  • Providing bilingual representatives to serve your diverse workforce and ensure clear understanding during the enrollment process

1 Integrous is not licensed by the California Board of Accountancy, nor registered as a public accounting firm. It does not issue opinions on financial statements or offer attestation services

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