Business retirement plans need trusted support. We are the premier online 401(k) Company. We are a Third Party Administrator of all qualified plan types.
Our highly-trained specialists will help you install the design suited perfectly for your company. You have enough to worry about, so let BRI help you get your retirement plan in shape. We offer competitive pricing for small business 401(k) plans who are at particular risk from bundled providers since the plan is too small for the investments to cover the costs. Unlike most of our competitors, our fees are based on how many full-time employees you have — we don’t charge you more when the market performs well or you’ve maintained the plan long enough to have saved a significant amount of money.
401(k) Third Party Administrator Fees vary greatly — some bundled providers say they do it for free when they’re actually increasing their investment fees to cover the cost. Like most products, you get what you pay for — our business is compliance and proper administration shouldn’t take a backseat to the daily fund trading. For our assistance to the fiduciaries and ability to maximize the utility of the business retirement plan, we offer the best value out there.
Wondering what the difference is between a 401(k) and a 403(b)? Confused about Safe Harbor 401(k)? And what is prevailing wage? Comparing retirement plans can be complicated, so we’ve rounded up the need-to-know information to get you started.
Specialized industries require specialized plans. The services you provide and products you create define how you hire people and what benefits you provide to your employees.
Every retirement plan must have a fidelity bond in place as required by ERISA §412 (with rare exception) and annually disclose the policy limit on the plan’s Form 5500. These bonds insure against a potential loss of funds resulting from fraud or dishonesty by individuals with access to them.
No two companies are exactly alike, so why would you want an off-the-shelf retirement plan? At Benefit Resources we get to know you and your company’s demographics. We will work closely with you to align employee eligibility requirements, employer contribution expectations, distribution options, and even the use of fringe wages for the plan so they make sense.
The bottom line is, we focus on YOU. Plan design is dynamic too; what worked three years ago may not be what’s best for you now. We know your intent and regularly review your plan in case new opportunities present themselves or the usefulness of certain design elements decreases. You won’t have to worry that another service provider may someday bring them to your attention.
Providing your employees with an opportunity to save for their future is an underrated responsibility of a business owner. You have surrounded yourself with professionals like your CPA, attorney, and financial planner who all help you chart your future. By offering a retirement plan to your employees, you are providing the opportunity for them to do the same. Besides, strong candidates for key roles in your company will expect the opportunity to participate in a retirement plan. You also want your employees to be able to retire on time so you can promote the next generation into those roles and inject new life into the business.
Our blog and resource website section offers valuable insights and information on retirement benefits, helping you make informed decisions for a secure future.
