Looking for a 401k Plan Administrator or maybe pension consultants? You've come to the right place. We know retirement plans. We'll start with the very basics in this article, but feel free to skip ahead and request help on our contact page or click on any of the buttons you see within the article.
A 401(k) plan is a profit-sharing plan that allows for an employee to take money from his/her paycheck to be deposited to the plan. The plans are called 401(k) because this provision is outlined in Section 401(k) of the Internal Revenue Code. A 401k Plan Administrator will help you set up the plan and maintain it for you. We'll help you choose the right plan for your company, write the plan documents, perform annual work/testing on the plan to keep it compliant, make changes to the plan, etc.We are retirement consultants, but we are called a Third Party Administrator.
We will:
You might also be interested in our post Third Party Administrator 401k - 401k Rules.
There are multiple options available when choosing the retirement plan for your business. Choosing the right one for you is the first step to ensuring success.
Take a look at these related blog posts to get a more information on some of the options besides the standard 401k.
1. Safe Harbor 401k Plans - 9 Questions Answered
3. Starting an ESOP? ESOP FAQs
4. Best Retirement Plans For Small Business Owners
Hiring pension consultants or a 401k Plan Administrator is the first step to getting you plan set up. Like we mentioned above, we can help you choose the right plan, and will prepare a plan comparison so you can compare side by side the plan features, benefits and costs associated with each option. We can also take over the plan administration for businesses who already have a plan in place.
The fine print and your questions
We understand that your time is valuable, and our desire is to make your job easy as possible in regards to your retirement plan. We can help you answer these important questions:
We want your business to succeed; we want you to grow and keep your star employees, while focusing on what is really important, Your Business! We can make it easy, let us take care of the regulations, the new legislation, and the notices to Participants!
At Benefit Resources, Inc., we pride ourselves in being the local solution for all your retirement plan needs.
With BRI You'll Get:
BRI offers you the ability to focus on your business, (doing what you do best) while we handle the details of the retirement plan.