Retirement Plan Administration for Employers

Savvy employers choose Benefits² Administrators as their Retirement Third-Party Administrator (TPA) to help keep their 401(k), DB/DC Combo, 403(b), and 457 Plans compliant and cost-effective.

Tailored Solutions. Expert Guidance. Transparent Pricing.

Experience the Benefits² Administrators difference!

Your retirement plan’s compliance is our number one concern.

Why offer a Retirement Plan?

Retirement plans offer tax advantage savings.

We offer solutions to maximize tax-advantaged savings for owners and key staff and help employees save for retirement.

Retirement plans are a recruiting tool.

Candidates choosing between two companies are more likely to choose the company with a retirement plan.

Retirement plans help reduce employee turnover.

Offering a retirement plan shows that employers care about their employees and helps them stay more competitive in the marketplace. Employee retention means spending less money on recruiting.

Retirement plans help save on small business taxes.

Small businesses may be eligible for a special $5,000 tax credit the first three years of the plan. Tax deductions for employer contributions are also an incentive.

Retirement plans are simple to set-up and maintain, with Benefits² Administators.

Plan administration requires minimal time and very little paperwork. Employees have access 24/7 to their online accounts and a retirement specialist is just a phone call away.

401(k) plans contribute to the economy.

When employees are equipped with the tools to retire comfortably, they contribute to building a healthy economy and a society of people with more disposable income.

Who's on your retirement plan team?

FINANCIAL ADVISOR

Provides investment oversight and participant education

PLAN SPONSOR (EMPLOYER)

Establishes the plan, selects providers, ensures fiduciary oversight

RECORDKEEPER

(INVESTMENT PROVIDER)

Tracks participant accounts, processes transactions, and issues statements

PLAN SPONSOR (EMPLOYER)

Helps keep your plan compliant in everything from the plan document to the annual non-discrimination testing.

Third-Party Administration for 401(k), 403(b), 457, and DB/DC Combo Plans.

What we do as your Third-Party Administrator:

Our detailed compliance practices help reduce the likelihood of costly plan errors, IRS audits, or DOL penalties.

WE FACILITATE PLAN DESIGN

We design 401(k), 403(b), and 457 plans that align with your organization’s goals, ensuring optimal contributions and compliance.

WE MANAGE COMPLIANCE

As your TPA, we support the administration for your retirement plan, from participant notices to annual nondiscrimination testing.

We conduct Annual nondiscrimination testing (ADP/ACP, top-heavy, etc.)
We facilitate distributions, loans, and Qualified Domestic Relations Orders
We monitor deferrals and employer contribution limits
We help calculate matching or profit sharing contributions
We help prepare required participant notices
We support plan corrections

WE PREPARE AND SUBMIT IRS FILINGS

We prepare required filings like Form 5500 so you don’t have to, reducing administrative burden on your HR team.

Form 5500 – Annual report showing plan activity and compliance.
Form 8955-SSA – Lists former employees who still have benefits in the plan.
Form 5330– Reports and pays penalties for plan
Form 5558 – Requests more time to file forms or send required plan notices.

Let us help you!

Explore our additional services

Smarter Census Sync©

Automate Your Data. Eliminate Year-End Hassles.

Smarter Payroll Sync©

Seamless Contributions. Automatic Deferral Updates. Eliminate Year-End Hassles.

Smarter Notice Delivery©

On Time. Verified. Compliant.

Limited 3(16) Services

We Sign the 5500 and Distributions—You Stay Focused on Your Business.

Full 3(16) Services

We Handle the Details So You Don’t Have To.

To view our webinar announcing our additional services, see click the play button below:

Powerful Tax Credits for Offering a Retirement Plan

Thinking about offering a retirement plan for your business? Now is the perfect time to act!

Incentives from the SECURE and SECURE 2.0 Acts reward employers, especially small business, for helping employees save for retirement.

Startup Plan Tax Credit

Eligible businesses with 100 or fewer employees can claim a tax credit to offset the cost of setting up and administering a new 401(k), 403(b), or other defined contribution plan.

Credit Amount: 50% to 100% of eligible startup costs
Annual Cap: Up to $5,000 per year
Credit Duration: Up to 3 Years

Automatic Enrollment Tax Credit

New plans that include automatic enrollment can claim and additional $500 tax credit each year for up to 3 years.

Employer Contribution Tax Credit

Businesses with 50 or fewer employees may qualify for another tax credit for making employer contributions (such as matching or profit sharing) to the new plan.

Credit Amount: Up to $1,000 per employee
Phase-Out Begins: For employers with 51-100 employees
Credit Phases Out Over 5 Years

Its a smart business decision!

With these tax incentives, launching a retirement plan is not just affordable, it’s a smart business decision. Save on taxes while attracting and retaining great employees!

Interested in an employer-sponsored retirement plan? Want to see if we would be a good fit for your existing plan? Contact us for a free illustration and proposal.