Retirement Plan Participants

A Plan Participant is anyone who falls into one of the following categories:

  • An employee who has met service requirements (with or without a balance)
  • A terminated employee who has a balance in the Plan
  • The beneficiary of a deceased employee who still has an account in the Plan

Why business owners are happy when employees experience the BEI Difference? Watch hereā€¦

Employees can be a Plan Participant without making any contributions.

After becoming eligible, you are considered a Participant and must be counted as such.  Employees who never work 1000 hours in a “plan year” are usually not eligible to participate. Once eligible to participate, the Plan Sponsor/Employer will have responsibility to enroll that employee into the plan (if a 401(k) or be responsible to provide employer contributions when necessary.

Plan Participants often request the following services and forms:

  • Participant loan assistance
  • Loan calculations and all necessary applications
  • Distributions due to:
    • Termination of employment
    • Death
    • Disability
    • Retirement
    • QDRO

Please go to “Resources” page to view forms.

What our clients say

“The team at Benefit Equity continually exceeds our expectations. Their focus on superior client service and creative thinking adds real value for our clients…and they are a pleasure to deal with and take pride in their work. In the past we have worked with other TPAs who charge a lot more for a reduced level of service. We would recommend BEI in a heartbeat.”