Mergers and acquisitions, business closures, dwindling assets, or any number of reasons may be a deciding factor for terminating a retirement plan. Plan termination can be confusing and time-consuming. Annuity Services, Inc. is here to help. The ASI Plan Termination Service complements the fiduciary responsibilities of anyone who is in the process of terminating or may soon terminate their retirement plan. We work directly with the qualified terminating administrator (be it Plan Administrator, attorney or actuary) throughout the entire process of the plan termination, and assist with plan document review, plan specification preparation and submission.

An additional advantage of using the ASI Plan Termination Service is that we call to action our Master Annuity Contracts. These unique contracts work in favor of a plan's Retired Participants, Active Vested Employees, and Terminated Vested Employees enabling the purchase of the best annuities available as required by federal law.

Please keep in mind that Annuity Services, Inc. works exclusively with superior insurance companies who have shown to be committed to this specialized market.

Annuity Services takes several factors into consideration before we will pursue an annuity placement with an insurance company:

• ASI analyzes the ratings provided by the major rating companies such as AM Best, Fitch, Moody's and Standard and Poor's Corporation.
• An insurance company must also have the proven capability to administer the program.
• We review the company's investment quality and mix to confirm that a company has no questionable derivatives or excessive junk bonds.
• Our analysis of insurance companies ensure further financial stability for the annuitant, and peace of mind for the plan sponsor.

The Process:

1. Once engaged, ASI requests quotations from the annuity market for the three categories of employees. (Retired Participants, Active Vested Employees, and Terminated Vested Participants)
   
   
2. Annuity Services reviews the plan document for specific plan provisions that must be included in the annuities, in accordance with federal law.
   
   
3. ASI prepares the plan specifications for the bidding companies.
   
   
4. After the annuity quotations are received, ASI reviews each quotation for correctness prior to submitting our non-bias quotation summary.
   
   
5. Carriers are selected, funds are transferred, and annuity certificates are issued.

Because we are committed to value, ASI remains vigilant and available to you throughout this process in order to ensure a timely receipt of a top quality annuity product.