We offer full fee-for-service plan compliance and administration services. Our competitive fees are all-inclusive and cover the preparation of your annual Form 5500, eligibility determination, contribution calculations, nondiscrimination testing, vesting calculations and preparation of your year-end annual report package. If your plan requires an annual audit, we will work with your CPA in providing the necessary information to streamline the audit process. We also work closely with your tax return preparer to make sure that they receive all necessary data for inclusion on your annual business tax return.
We service the following types of plans:
* 401(k) Plans
* Safe-Harbor Plans
* Profit Sharing Plans (including New-Comparability designs)
* Defined Benefit Plans
* Cash Balance Plans
* Combination 401(k) and Defined Benefit Plans
* Solo (single-participant) 401(k) Plans
We use our tax and accounting expertise to design your plan with both employee benefits and your overall federal tax savings in mind. We help custom design and develop the right type of retirement plan for your business to maximize the target employees and use your tax savings to pay for staff employee cost. Custom plan design can help your retirement plan be a win-win for both you and your employees.
As a client of BSP Retirement Services, you will be assigned to an experienced Plan Administrator who will deliver the highest quality consulting and administrative services to you and your plan. Whether your plan covers one or 1000 employees, you are more than just a number to us.
General Consulting - We can review your current plan and advise on any obvious operational or plan document issues. We can also assist you with corrective measures to bring your plan back into compliance.
Audit Assistance – We can represent you in the case of an IRS or Department of Labor audit. You don’t have to go it alone.