Retirement Plans

Retirement Administration

BPC's team of credentialed professionals will work with you to identify and design a plan(s) that meet your organizations and employees' goals. BPC will be with you every step of the way to provide ongoing administration and regulatory compliance guidance.

 

Learn more about the types of qualified ERISA plans BPC administers here:


401k nestegg

401(k) Savings

A 401(k) Plan is a defined contribution retirement plan that allows employees the choice to set aside money for retirement on a traditional tax-deferred or after-tax (Roth) basis. Employers may choose to contribute money to the 401(k) and offer a company match and/or profit sharing contribution to employees. 

 
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Profit Sharing

Profit Sharing Plans allow employers to contribute flexible amounts to all eligible employees to enhance employee retirement savings.  Employers can determine the amount to be contributed after company year end.  This option affords the plan sponsor considerable flexibility in deciding on the contribution amount and timing. 

 
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Employee Stock Ownership

An Employee Stock Ownership Plan (ESOP) is a defined contribution plan that allows employees to become stockholders in the company through employer contributions of employer stock. There are tax benefits for both the employer and employee.

 

Defined Benefit (DB)

An Employee Stock Ownership Plan (ESOP) is a defined contribution plan that among other benefits allows employees to become stockholders in the company through employer contributions of company stock. These plans can also be used to acquire company stock in a ax favored manner.

 

Combination Plans

Combination Plans Icon

One possible combination design is a pairing of a 401(k) Plan and a Cash Balance Defined Benefit Plan. BPC’s team of credentialed consultants coordinate with the Plan Sponsor and a leading actuarial firm that specializes in Cash Balance plans for initial plan design. BPC coordinates the operation and administration of both plans.


403b

403(b)

A 403(b) is a defined contribution retirement plan that may be offered to employees of government and tax-exempt groups such as schools, hospitals and churches, to set aside money for retirement on a traditional tax-deferred or after-tax (Roth) basis. Employers may choose to make discretionary or matching contributions. 

 
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Money Purchase Pension

A Money Purchase Pension allows employers to make contributions based on a percentage of annual earnings. At retirement, the vested balance in participants’ accounts can be used to purchase a lifetime annuity. 

 
 
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Cross Tested Profit Sharing

A Cross Tested Profit-Sharing Plan can be designed to favor older and more highly compensated employees.  This particular profit sharing plan design can favor certain classes of participants within the discrimination guidelines of ERISA.  Typically, senior management and owners can receive more than a strict pro-rata allocation of Employer contributions.

 

Notice & Disclosure Services

Federal ERISA Law requires plan sponsors to provide timely notices and disclosures regarding those plans to participants and other stakeholders. We know how costly notice preparation and missing a compliance requirement can be for employers. Let BPC do them for you so you can focus on your business goals! From notice monitoring to distribution, BPC's Simplified Retirement Notices Solutions Package, has you covered.