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 here…

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

“BEI is what I call a best in class provider and I work very closely with them. They are a major asset to our firm and our clients and BEI is the only TPA I would consider for our retirement plan solutions.”