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NPPG Appoints Natale Coraci to Senior Pension Administrator
Mr. Coraci is a pension expert with over 25 years of corporate retirement planning experience. Highly proficient with the intricacies of defined contribution plan administration, Nat's in-depth understanding of the Employee Retirement Income Security Act (ERISA), Department of Labor (DOL) and Internal Revenue Service (IRS) compliance regulations having assisted hundreds of employers of corporate sponsored 401k, profit sharing and money purchase plans with 1 to 2,000 participants. Prior to joining NPPG, Mr. Coraci held senior pension administration positions at pension firms in the New York City metropolitan area.
"At NPPG we strive to provide our clients with an efficient, streamlined approach to retirement plan management including offering the leading industry processes to ensure plan data integrity, verification protocols to certify adherence to the Plan Document (SPD) as well as provide full-scope fiduciary services supported by a team of pension experts," commented Michael M. Salerno, Founder and CEO of NPPG. "Nat's acumen of retirement plan oversight, government compliance regulations and proficiency in plan data management along with his commitment to client satisfaction is an asset to our growing pension team. We are delighted to welcome Nat to the NPPG family."
Mr. Coraci will perform all required plan compliance testing including 401(a)(4) non-discrimination allocation and ADP/ACP non-discrimination testing, reconciliation of trust assets, preparation of annual Form 5500, verification of participants loan and distributions, and provide annual valuations for defined contribution plans.
Nat has successfully trained pension administrators on work flow procedures, conducted plan participant enrollment meetings and educated plan sponsors on the governing rules of retirement plan management. A graduate of New York University and a Member of the American Society of Pension Professionals & Actuaries, Nat will be based out of the NPPG corporate headquarters in Red Bank, New Jersey.
About Northeast Professional Planning Group
NPPG is an independent ERISA fiduciary, full-service employee benefits, retirement planning, and actuarial consulting firm. NPPG handles more than $3 billion in assets and more than 2,000 plans for clients nationwide. A full suite of compliance services, include Affordable Care Act (ACA) compliance, ERISA 3(16) administrative fiduciary services, retirement plan third party administration, as well as overall regulatory consulting and plan correction. NPPG customizes solutions to meet business and financial goals of their clients. NPPG's clientele is made up of members of the New York stock exchange and NASDAQ, non-profit organizations, Fortune 500 companies, government agencies, as well as small entrepreneurial businesses. For further information, contact Northeast Professional Planning Group, Inc. corporate office in Red Bank, NJ at (732) 758-1577 or visit www.nppg.com.