Turnkey Retirement Plan Administration
At BPS, we take the complexity out of retirement plan administration so business owners can focus on running their business—not their retirement plan. Our experienced team manages every aspect of plan design, implementation, and ongoing administration, including compliance testing and the preparation and electronic filing of the Form 5500.
We translate complex regulatory requirements into clear, practical solutions that keep your plan compliant and efficient year after year. Whether you sponsor a 1-person owner-only plan or a 500-participant+ mid-sized company plan, BPS has the expertise and personal attention to make retirement plan management simple, turnkey, seamless, and stress-free.
Plan Document Review and Design
BPS provides a strong legal foundation for your retirement plan through our plan document review and design services. Whether you are starting a new plan or maintaining an existing one, our team leverages decades of experience to create customized plan documents and summaries tailored to your organization’s needs. When BPS assumes third party administration of an existing plan, we conduct a comprehensive review and update of the documents to ensure they reflect recent changes and remain in full compliance with ERISA, IRS, and DOL regulations.
Compliance Testing
BPS delivers comprehensive compliance testing to ensure your retirement plan satisfies all ERISA, IRS, and DOL requirements. Our proactive approach helps identify and prevent potential compliance issues, protecting your plan’s tax-advantaged status and avoiding costly penalties. We provide clear guidance on regulatory requirements and operational best practices, allowing you to remain focused on running your business.
Delivery of Required Notices
From annual disclosures to participant notifications, BPS manages the preparation and assists with the distribution of all required communications. Our expertise ensures your plan remains compliant while keeping participants well-informed about their retirement benefits. This service minimizes employer workload while strengthening employee understanding and engagement.
Simplified Compliance: Expert Form 5500 Preparation
Navigating retirement plan compliance and annual filings can be complex—BPS makes it simple. We prepare your annual Form 5500 for signature and submission, and provide accurate compliance testing for your plan. Our attention to detail helps you avoid errors, penalties, and delays, giving you peace of mind that your plan is always in compliance.
At BPS, our mission is to simplify retirement plan administration while delivering confidence, full compliance, and clarity to employers by providing local administrative services and ongoing compliance and plan management.
Employee Education and Enrollment
At BPS, we believe that education is the cornerstone of long-term retirement success. Our team conducts personalized employee education and enrollment meetings for every retirement plan we administer, helping participants understand their benefits, investment options, and the importance of consistent saving. By empowering employees with the knowledge and tools they need to make informed decisions, we help them take meaningful steps toward achieving their retirement goals with confidence and clarity.