Blog
May 15, 2025
Mid-Year Retirement Plan Check-Up
A Mid-Year Retirement Plan Check-Up Is A Smart Move for Employers and Their Advisors
A Strategic Advantage for Employers and Advisors
Wealth advisors play a pivotal role in guiding business owners through decisions that shape not just financial outcomes, but futures—for the company, its leaders, and every employee. Yet, retirement plan management can sometimes become a background task until year-end deadlines loom. That’s when surprises can surface, and opportunities may have already passed.
A mid-year retirement plan review changes that dynamic. Instead of reacting, you help clients stay ahead—resolving issues early, aligning the plan with current business goals, and uncovering ways to improve performance and compliance well before crunch time.
Most business owners don’t know whether their plan is on track right now. They may be quietly concerned about missed tax advantages, administrative missteps, or whether the plan still fits their evolving company. A mid-year review gives you a chance to relieve that uncertainty—and strengthen your position as their go-to advisor.
At Benefit Equity Inc., we make that process easy. Partnering with us gives you access to the tools, insights, and expertise needed to deliver high-level plan oversight without adding to your workload. Together, we help your clients gain clarity and control over one of their most important benefit programs.
Why Mid-Year Is the Right Time
A lot can change in six months—new hires, business growth, shifts in profitability. Waiting until year-end to evaluate the retirement plan can lead to rushed decisions or missed opportunities. A mid-year check-up offers a well-timed window to:
- Fix small errors before they become big ones
- Adjust contributions or design strategies proactively
- Ensure the plan supports—not hinders—broader business goals
Whether it’s spotting early signs of compliance risk or reviewing the plan design against a business's current trajectory, a mid-year review brings fresh, timely insight that matters.
What to Focus On
We work closely with you to ensure the check-up is thorough but efficient. Key areas we help evaluate include:
Employee Data & Eligibility
Have all eligible employees been correctly identified and offered plan access? Are new hires and status changes accurately tracked? Our team helps review and reconcile this critical data before year-end testing gets complicated.
Contribution Activity
We analyze how contributions are tracking—both employee deferrals and employer matches. This includes participation trends and projections for owners and highly compensated employees. We’ll flag any adjustments needed to stay on target.
Compliance Outlook
Early-stage testing can reveal emerging issues in non-discrimination or top-heavy status. We provide that early look and work with you to develop options if changes are needed, including Safe Harbor strategies.
Plan Design Review
A growing business may outgrow its original plan structure. We help assess whether current plan types still support the company’s tax, cash flow, and benefit goals—and explore alternatives when appropriate.
Regulatory Updates
We keep an eye on legislative changes, such as SECURE Act 2.0 developments, and help you communicate their potential impact clearly and proactively to your clients.
The Advisor’s Strategic Advantage: Partnering with Benefit Equity Inc.
Offering comprehensive mid-year retirement plan reviews might seem like a significant undertaking for wealth advisors primarily focused on investment management. However, partnering with a dedicated TPA like Benefit Equity Inc. transforms this opportunity into a streamlined, value-added service for your business clients. You don’t need to master the technical details of plan design or compliance testing—our team handles that behind the scenes.
Benefit Equity Inc. serves as the operational backbone of your retirement plan strategy. With over 30 years of experience supporting California businesses, we offer:
- Deep expertise in plan compliance and design across 401(k), Profit Sharing, and Cash Balance plans
- A dedicated team committed to accuracy, responsiveness, and clarity
- Strong knowledge of California’s regulatory environment and workforce dynamics
- Ongoing support that aligns retirement plans with business growth—not just at year-end
This partnership lets you lead the strategic conversation with clients while we provide the data, analysis, and administrative insights. The result? A higher level of service, fewer surprises, and better outcomes for everyone involved.
For Employers: Why Now Matters
If you're a business owner, it's easy to assume your retirement plan is “fine”—until it’s not. Mid-year is the best time to confirm that your plan still works for your business and your team.
- Have you added new employees?
- Is your company more profitable than last year?
- Are your key people contributing as much as they could be?
- Are there hidden risks that could affect year-end compliance?
As your advisor evaluates these questions, we work in the background to make sure everything is on track. If you’re unsure where your plan stands, now’s the time to take a closer look.
Connecting to the Full Picture
At Benefit Equity Inc., a mid-year review is part of a larger commitment to ongoing plan support—not just an annual event. We help ensure your clients’ retirement plans evolve with their business, stay compliant year-round, and remain competitive as employee benefits.
For more about our full-service approach to plan management, visit our services overview.
Take Action Now
Don't let your business clients risk overlooking potential issues or missing valuable opportunities by waiting until year-end. Offer them the strategic advantage of a mid-year retirement plan check-up.
Contact Benefit Equity Inc. today to learn how our partnership can support your efforts in offering proactive plan reviews.
We serve businesses across Orange County, Los Angeles County, and throughout California.
Phone: 714-480-1364
Website: www.benefitequity.com
Connect: benefitequity.com/connect