Retirement Plan Services


For employers and employees alike, retirement planning is both confusing and critically important. With over 40 years of retirement planning experience, the retirement and investment consultants of BeneTrak are here to help you from concept through implementation. Along with our record-keeping abilities and professional support, we can make a customized retirement plan that works for you.

Company retirement plans are not only a great tool for assisting employees reach their retirement goals, but they also serve as a valuable benefit which attracts and retains employees. We help you select quality benefit programs, drawing on the latest technology and nationally recognized mutual funds. In addition, we help you quantify costs and risks within your plan offerings, and provide multi-year projections along with comprehensive advice. The result: A retirement program that matches your goals and objectives.

Retirement Consulting

When was the last time you reviewed your retirement plan design? The BeneTrak team can work with you to determine appropriate design based on your company’s current goals. While going through your plan reviews, have you considered some of the following options?

  • Stretching employer matching contributions – For employers who match employee contributions, this can be a beneficial method to increase deferral rates without increasing company expenses.
  • Auto enrollment / auto deferral increase – This helps boost participation and deferral rates. A good communication strategy is key for the acceptance of automatic features.
  • Adding Roth contributions – There is no employer cost involved to allow this type of deferral and it provides employees another option as they try to create a well rounded retirement plan.
  • Passing administration fees on to participants – More and more employers are utilizing the ability to pass these fees on to plan participants in order to reduce company cost pressures. Because the costs are spread out among the entire participant base, the cost impact to employees is typically minimal.
*Did You Know…

62% of plans have immediate eligibility for employee contributions
46% of plans that provide a match have immediate eligibility for match as well
41% have immediate vesting on the employer match
88% of 401(k) plans permit hardship distributions
88% of 401(k) plans permit loans
82% of eligible employees have an account balance

*source – Plan Sponsor Council of America’s 56th Annual Survey of Profit Sharing and 401(k) Plans. October 2013

In addition to retirement planning and consulting, BeneTrak offers a full suite of solutions inlcuding: