Beneco
FIRM INFORMATION 9089 E. Bahia Drive, Suite 100, Scottsdale, AZ 85260
Randy Leiker, (480) 850-2619, rleiker@beneco.com
beneco.comBUSINESS PROFILEYear established:
1989National or local TPA:
NationalAre you a producing TPA or a 'non-producing TPA'?
ProducingDC recordkeeping platform:
Yes (use our own platform with all clients)NUMBER OF PERSONNEL SERVING RETIREMENT PLANSSenior management:
6Other managers/administrators:
3Actuaries:
Sales staff:
4Support staff:
25RETIREMENT PLAN PROFILERetirement plan assets under administration:
600,000,000Total number of retirement plans under administration:
510Total number of retirement plan participants under administration:
27,000NUMBER OF PLANS BY TYPE401(k):
510403(b):
457:
Nonqualified Deferred Compensation:
Other DC:
Defined Benefit/Cash Balance/Hybrid:
FEE STRUCTURESFixed fee:
Fixed fee dependent on services chosenPer participant fee:
YesBasis points on assets:
YesOther:
Fees offset by revenue sharing agreements?
Yes State(s) where offices are located:
Arizona (AZ), California (CA)PLAN ASSET SIZES SERVED<$1 million:
Yes$1 million - $5 million:
Yes>$5 million - $10 million:
Yes>$10 million - $25 million:
Yes>$25 million - $50 million:
No>$50 million - $100 million:
No>$100 million - $200 million:
No>$200 million - $500 million:
No>$500 million - $1 billion:
No>$1 billion:
NoRECORDKEEPING RELATIONSHIPSNumber of recordkeepers with DC selling agreements:
1Number of recordkeepers with DC assets:
1Number of recordkeepers where new plans placed:
1FIDUCIARY SERVICESPlan level 3(16) services:
YesPlan level 3(38) services:
YesParticipant level fiduciary services:
YesPRODUCTS/SERVICES OFFERED TO ADVISERS AND/OR PLANSCompliance support:
NoPlan benchmarking:
YesTarget-date evaluation tools:
YesInvestment committee meetings:
YesDesign/amend DC plan documents:
NoDesign/amend DB plan documents:
YesRecordkeeper transitions:
YesPrepare benefit statements:
YesProcess plan distributions:
YesPrepare loan paperwork:
YesNon-discrimination testing:
YesAllocation of contributions/forfeitures:
YesCalculate participant vesting %:
NoActuarial calculations & support:
NoForm 5500 preparation:
YesForm 5500 signing:
NoPlan audit support:
YesQDRO review:
YesSmall rollover IRA processing:
YesProvide fiduciary education:
YesAnnual 408(b)(2) assessment of fees:
YesInvestment selection services:
NoInvestment monitoring:
YesPRODUCTS/SERVICES OFFERED TO PLAN PARTICIPANTSEnrollment meetings (at time of hire):
YesRe-Enrollment meetings (after hire):
YesOne-on-one meetings with participants:
YesRollover assistance (into plan):
YesDistribution assistance (upon separation):
YesRetirement income planning:
NoFinancial/debt counseling:
NoEstate/tax planning:
NoAuthorize participant requests:
YesPrepare/deliver required participant notices:
Yes
