Retirement Plan Services

Drive Business Success With Custom Retirement Plan Solutions

A well-structured, competitive retirement plan can fuel company growth, improve employee retention and position your organization as the employer of choice among prospective job candidates. A lot of work goes into designing and implementing a great retirement plan, but that doesn’t mean it has to be difficult. With the right team in place, you can build the retirement plan your company and your employees deserve while giving you the peace of mind of knowing that your “t’s” are crossed and your “i’s” are dotted.

Plan Design Services

Your business is unlike any other. Your retirement plan should meet your specific needs, as well as those of your employees. At a minimum, your plan design should consider the:

Profitability of your business
Cash flow of your business and its consistency
Ages of the owners and employees

An ideal plan document is flexible – so you can create a retirement plan that efficiently and effectively meets the retirement objectives of you and your employees. Pairing your 401(k) plan with a cash balance plan can also help you significantly increase your annual retirement contributions and potential tax deduction.

Plan Administration

Participant recordkeeping and reporting. Enrollment. Distribution processing. Governmental compliance and reporting. How do you keep it all straight?

Make sure your plan is administered properly so that you’re in compliance. And if you get a governmental inquiry, we can represent you in front of the IRS and Department of Labor to minimize your involvement and risk of significant fines and penalties.

Your plan administrator should be flexible enough to accommodate many different recordkeeping platforms. We work with many of the most-recognized financial service providers in the country, which allows your financial advisor total flexibility in selecting and maintaining a strong fund line up while also providing strong tools to help educate your employees about their progress toward retirement readiness.

Service You Can Depend On

Our retirement plan services team is committed to providing you with smart retirement plan solutions for your business. As part of this commitment, we provide clients with the following plan services:

Smart plan design to benefit key employees and attract and retain eligible employees
IRS-approved Prototype plan document and supporting forms
Plan operational review
Annual compliance testing
Annual data collection assistance
Annual employer match and profit sharing allocation calculations.
Preparation of Annual Form 5500
Preparation of annual participant notices
Administrative telephone support
Participant distribution processing and vesting review

We also offer annual administrative services tailored to your cash balance plan needs.

Certified Excellence

Rea’s retirement plan administration team is committed to accuracy, integrity and exceptional client service. The team holds a CEFEX-ASPPA certification, which signifies its commitment to adhere to a standard of excellence and dedication to retirement plan administration best practices. Rea’s retirement plan services team is proud to hold certification from the American Institute of Certified Public Accountants (AICPA) and the Accredited Investment Fiduciary® (AIF®).https://www.aicpa.org/content/aicpa/

Rea & Associates has been certified by the Centre for Fiduciary Excellence (CEFEX) as adhering to the industry's best practices for Third Party Administrators. Certification means that we undergo annual assessments to verify our continued adherence to the American Society for Pension Professionals and Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers.