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About Truog-Ryding Company, Inc.
dba The Ryding Company
The firm was founded in 1975 by Dave and Jeanette Truog. Over the years it has transformed through many changes into the business we know today.
Our job is to design, implement and administer qualified pension and profit sharing plans for small to large business owners. We currently provide administrative and consulting services for over 1000 plans and have a staff of over 30 qualified and talented employees.
The Ryding Company strives to understand your company’s goals and objectives by asking many questions, gathering data, and analyzing the information you have provided. This allows us to match your business objectives with sound strategies and design a qualified pension plan to meet your needs
We also place the highest emphasis on Legendary Service, which is our company mission statement. We believe that the quality of our work is accentuated by our responsiveness to our clients. We have recently implemented a successful program called “Caught in the Act” of providing Legendary Service. Employees receive on the spot cash bonuses with every CITA award when an extraordinary act is performed.
The Ryding Company has always and will continue to place an emphasis on education. All of our employees are either credentialed Administrators keeping up on continuing education, or our employees are enrolled in classes working towards their credentials.
All of our work is reviewed by a credentialed administrator other than the one who completed the work to ensure quality, completeness and accuracy. Technical review is and has always been mandatory for every administration and our quality shows it.
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Top 10 Reasons Why it is Good to Work With an Independent TPA
(Third Party Administrator)
1. The TPA acts as an advocate for the plan sponsor. We are not employed by any financial institution or mutual fund family. TPA firms are truly independent.
2. We have the capacity to design a plan that falls outside the usual boundaries of a prototype plan and can prepare the application with IRS for an individual letter of determination when appropriate.
3. TPA’s prepare custom documents and summary plan descriptions.
4. If the plan is audited by the IRS or investigated by the DOL, TPA’s conduct these on behalf of our clients, on our premises. Conducting an audit requires a high level of experience and expertise. The Ryding Company has ample experience with over 500 audits under our belt, all with favorable outcomes.
5. TPA’s are able to provide consulting on high-level plan issues including controlled group or affiliated service group testing and separate lines of business.
6. Because we do not use a prototype, we can create a plan design that is "outside the box". Examples would include allocation formulas that vary by job description, profit center, or geographical location. The Ryding Company can also structure eligibility to be more restrictive than what is allowed under a prototype.
7. The IRS has provided a variety of methods that can be utilized in nondiscrimination testing. We know and use them all in order to provide the best possible outcome.
8. If the employer has modifications such as an acquisition, spin-off, downsizing, or other significant change in circumstances, we can advise as to the impact on the plan.
9. TPA’s consult and interface directly with the persons responsible for the accountant's opinion on large plans. By the time they are ready to do their part, we have already completed the compliance testing, reconciled the accounting, prepared a draft of a financial statement, and prepared a draft of the 5500 forms to include all schedules. The result is that the accountant’s job is easier and therefore less costly to the plan sponsor.
10. If the plan is terminated or if there is a partial plan termination (as can happen with a company down-sizing), The Ryding Company can prepare the forms needed to terminate, including any IRS or PBGC applications.
Career Opportunities
For questions about job availability, requirements, or duties, please contact the HR office by phone at (805) 371-9222 or email by clicking Here.
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