Proven Retirement Plan Administration

Annual retirement plan administration transitions an optimally-designed retirement plan into a systematic and reliable process. This involves determining how to allocate contributions, establishing eligibility, meeting government non-discrimination tests, and providing reporting to company management and government agencies.

BEI’s strong reputation in the business community is due to our extensive experience and knowledge of the fiduciary responsibilities placed on employer plan sponsors and their retirement plan service providers. 

The tasks required to administer an employers’ plan are as follows:

  • Annually collecting and reviewing of employee census data to determine:
    • Dates of birth, hire and termination, as well as plan entry, employer contributions, vesting and distributions
  • Collection of annual investment statements
  • Performing annual compliance testing
  • Preparing annual plan valuations
  • Reviewing and communicating contribution options and requirements
  • Preparing annual employer and employee reports
  • Preparing annual Form 5500 Report/Return for signature and filing by the employer
  • Review fiduciary compliance requirements

What exactly do we do? Watch here…

What our clients say

“Benefit Equity is more than just a Third-Party Administrator to me. I feel like they are my friends and become friends to my clients. They partner with me, which helps me grow my business as well as truly take care of the clients I refer to them. Their people make the difference. Everyone I’ve worked with always is professional, knowledgeable, and responsive.  With complex Plan take-overs, I know I’m receiving a true consultative approach from them.  They ask the hard questions and back it up with solutions the IRS and Department of Labor would approve.  

Thank you to the BEI team for all you have done for me and my clients.”