Retirement Plans

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 $890Get 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

401K Tax Credit

You could get up to $500 with a start up plan for three years! *if you qualify

DON’T HESITATE TO BEGIN A 401K PLAN FOR YOUR EMPLOYEES BECAUSE OF THE COST ASSOCIATED WITH STARTUP PLANS. THE IRS HAS A TAX CREDIT IN PLACE TO OFFSET UP TO 50% OF THESE COSTS FOR MOST PLANS, EACH YEAR FOR 3 YEARS.

You may be able to claim a tax credit for some of the ordinary and necessary costs of starting a SEP, SIMPLE IRA or qualified plan. A tax credit reduces the amoun of taxes you may owe on a dollar-to-dollar basis.

If you qualify, you may claim the credit using the Form 8881, Credit for Small Employer Pension Plan Startup Costs.

Eligible Employers

You qualify to the claim the credit if:

Amount of the Credit

The credit is 50% of your ordinary and necessary eligible startup costs, up to a maximum of $500 per year for the first credit year and each of the following 2 tax years. No credit is allowed for any other tax year.

Qualified Startup Costs are Expenses Paid or Incurred in Connection with

Asset 20

Affordable

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.

Asset 19

Simple

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.​

Asset 21

Flexible

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. 

Trust the Experts

Let our knowledgeable team at Benefit Providers help you in
managing your business and your employees better.

Let our knowledgeable team at Benefit Providers help you in
managing your business and your employees better.