Northwest Benefit Consultants, Inc.
FIRM INFORMATION 2720 S. River Road, Suite 102, Des Plaines, IL 60018
Curtis Manning, (847) 257-0200, curt@nwbenefit.com
nwbenefit.comBUSINESS PROFILEYear established:
1991National or local TPA:
LocalAre you a producing TPA or a 'non-producing TPA'?
Non-producingDC recordkeeping platform:
No (use partner providers' platforms)NUMBER OF PERSONNEL SERVING RETIREMENT PLANSSenior management:
1Other managers/administrators:
3Actuaries:
Sales staff:
1Support staff:
RETIREMENT PLAN PROFILERetirement plan assets under administration:
300,000,000Total number of retirement plans under administration:
250Total number of retirement plan participants under administration:
6,000NUMBER OF PLANS BY TYPE401(k):
210403(b):
10457:
Nonqualified Deferred Compensation:
Other DC:
5Defined Benefit/Cash Balance/Hybrid:
25FEE STRUCTURESFixed fee:
Fixed fee dependent on services chosenPer participant fee:
Basis points on assets:
Other:
Fees offset by revenue sharing agreements?
Yes State(s) where offices are located:
Illinois (IL)PLAN ASSET SIZES SERVED<$1 million:
No$1 million - $5 million:
Yes>$5 million - $10 million:
No>$10 million - $25 million:
No>$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:
25Number of recordkeepers with DC assets:
25Number of recordkeepers where new plans placed:
25FIDUCIARY SERVICESPlan level 3(16) services:
NoPlan level 3(38) services:
NoParticipant level fiduciary services:
NoPRODUCTS/SERVICES OFFERED TO ADVISERS AND/OR PLANSCompliance support:
YesPlan benchmarking:
NoTarget-date evaluation tools:
NoInvestment committee meetings:
NoDesign/amend DC plan documents:
YesDesign/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 %:
YesActuarial calculations & support:
YesForm 5500 preparation:
YesForm 5500 signing:
NoPlan audit support:
YesQDRO review:
YesSmall rollover IRA processing:
YesProvide fiduciary education:
NoAnnual 408(b)(2) assessment of fees:
NoInvestment selection services:
NoInvestment monitoring:
NoPRODUCTS/SERVICES OFFERED TO PLAN PARTICIPANTSEnrollment meetings (at time of hire):
YesRe-Enrollment meetings (after hire):
YesOne-on-one meetings with participants:
NoRollover assistance (into plan):
YesDistribution assistance (upon separation):
YesRetirement income planning:
NoFinancial/debt counseling:
NoEstate/tax planning:
NoAuthorize participant requests:
NoPrepare/deliver required participant notices:
No
