Simply put, outside specialists can do it better, faster and for a lesser expense – while giving you more time to focus on growing your business.
No matter how big or small your business, outsourcing as many of your non-core tasks as possible makes smart business sense. After all, it’s impossible to staff up in every possible area. That’s probably why you’ve brought in a partner for payroll.
Now you can extend those same benefits to your retirement savings plan. You’ll reduce the time you spend on plan administration, mitigate risk and reduce the potential personal liability of your plan decision-makers, and give your employees the tools that can help them better build toward retirement. It’s the best of all worlds. Better benefits for your employees. Reduced liability for plan decision-makers. Easier administration. Tailored to your company. And it can be yours for virtually no out-of-pocket costs.
Plan/Benefits For Small & Medium Businesses
All the benefits of a 401K plan with an annual administration fee of just $890. Get a 10% discount for using services of Benefit Providers/ECCA Payroll Services.*
* A one time set up fee of $600.
5 Things Every Employer Wants in a 401(K)
You want to provide a retirement plan for your employees that…
Benefit Providers and its administrator perform 99% of the administrative duties required for a company to offer a 401(k) to their employees. This removes the administrative burden from company employees and executives so you can focus on what’s most important – running your business
You don’t want to be 401(k) experts
Because the Benefit Providers’ programs are built on an “aggregated” model – your company gains the advantages of economies of scale in pricing
You don’t want to overpay
Our retirement plans provide you with the comfort of knowing that your 401(k) is protected to the highest level allowed by law.
This commitment by Benefit Providers and its third party, ERISA Fiduciary, gives you more peace of mind knowing that you are protected.
You don’t want to be at risk
Whether you participate in Benefit Providers Multiple Employer Trust using John Hancock as the portfolio manager, or Benefit Providers Multiple Employer Program using Transamerica as the portfolio manager, you are dealing with one of the most prominent asset management companies.
You do want to partner with the best.
Historically, more than 67% of all 401(k) plans fail a Department of Labor random audit. However, plans administered as directed by Benefit Providers TPA have never failed an audit or fallen out of compliance. This ensures that each plan is consistent in compliance with the DOL and IRS regulations.
You don’t want fines or penalties
Benefit Providers’ 401(k) is designed to be the low-cost 401(k) solution for business owners. It also has the simplest fee structure in the industry, with no hidden fees.
Benefit Providers’ 401(k) is online so your employees can access their plan at their convenience, plus, you’ll have quick access to our knowledgeable customer service specialists if you require assistance.
You can easily customize the Benefit Providers’ 401(k) Plan to meet your business’s changing needs. Our Plans can be easily integrated with your existing payroll services or software, including QuickBooks.
Now, with Benefit Providers’ Multiple Employer 401K Trust (MET), companies of any size can offer their employees the simplest and most cost-effective retirement savings plan available.