There are many aspects of running a retirement plan that contribute to successful outcomes for the plan sponsor and participants. Consider the following requirements of running a proper plan: day-to-day plan administration; participant loans, distributions and hardships; worksite financial education and enrollments for participants; testing and compliance; and plan design, investment selection and oversight.
Time-strapped Businesses Depend on Benetech
At Benetech, we provide administrative support for the following aspects of the employer’s plan, as needed:
- Form 5500 filing
- Non-discrimination testing
- Checking contribution limits
- Checking catch-up contributions
- Assistance in processing distribution upon termination
- Loan maintenance & assistance
In order to craft a solution that meets the needs of today’s smaller employers and their workers, we use our advanced proprietary technology platform and industry expertise—all for a reasonable fee that scales to the size of the business.