Retirement Plans

Our Approach:  National Benefit Services is an independent Third Party Administrator (TPA).  We partner with major mutual fund platform providers and local investment professionals to build a “professionally bundled” service team.  This approach provides the best of both worlds – the accessibility and responsiveness of local investment management and administration, combined with state-of-the-art recordkeeping and fund offerings.  Our plan sponsors and their employees enjoy the benefits of a first-class retirement plan delivered by people who live and work in the same communities as the clients they serve.

Our Services: 

Plan design consultation
Preparation of Plan documents
Compliance testing

New Comparability/Age Weighted Calculations
Completion of annual Form 5500 and all related schedules
Summary Annual Report
Administrative support for plan sponsors and fiduciaries
Assistance in ongoing compliance with pension law
Internet and Voice Response Access to account balance on selected plans
Web site Q&A, Forms, Presentations, etc.
Enrollment Education 

Types of Plans:  NBS has the expertise and experience to administer all types of retirement plans including 401(k), profit sharing, money purchase pension, employee stock ownership (ESOP), defined benefit, 403(b), 457, FICA Alternative and Multiple Employer (PEO) Plans.  We specialize in designing and administering plan designs such as New Comparability, Age Weighted and Safe Harbor plans. NBS is also experienced in administering retirement plans for governmental agencies and institutions such as state and local governments, school districts and universities. These plans include 403(b), 457, 401(a) and GASB 43/45 plans.

Our People:  With an average of close to 10 years in the industry, our experienced managers and administrators are well prepared to provide the high level of service you need.   Most of our administrators are members of the American Society of Pension Professionals & Actuaries (ASPPA), and have attained the Qualified 401(K) Administrator (QKA) credential conferred by ASPPA.

A 401(k) Plan allows an employee to have a specified amount of money taken out of each paycheck to be saved for retirement.  Not only is this money tax deferred, but often times employers will contribute a portion (match) for every Dollar the Employee puts in the plan.  The money is then invested in the market with the help of a professional broker.