403(b) Administration

Benetech offers the most comprehensive and cost-effective 403(b) Administration solution available today. As a leading provider of administrative services to government and tax exempt organizations for the past 25 years, Benetech understands the unique challenges facing these organizations in today´s evolving business environment.

Benetech... a proven leader and pioneer in providing innovative solutions designed specifically for government and tax exempt organizations.

Benetech´s innovative approach to providing 403(b) Administrative Services helps eliminate costs through streamlined processes, which provides worry-free compliance, burden-free administration, and hassle-free access.

Worry-free Compliance

Plan Sponsors can leave the compliance worries to us!

Benetech´s state-of-the-art recordkeeping system provides on demand reporting, accurate and timely testing, and superior audit support. With electronic information sharing via SPARK data files, Plan Sponsors have peace of mind knowing that their plan information is accurate and current.

Our experienced consultants and account executives will work closely with your team to reduce Plan Sponsor liabilities by handling all facets of plan design, document preparation, and compliance monitoring.

Burden-free Administration

Let our streamlined administration remove the weight off your shoulders!

Benetech´s single electronic remittance of funds alleviates the need for Plan Sponsors to send multiple checks and payments to each approved service provider.

Our common Information Sharing Agreement ensures that approved Service providers abide by terms and conditions designed to protect Plan Sponsors and their participants.
Benetech´s improved vendor management practices allows for better communication and information sharing between all involved parties. Plan Sponsors can monitor all transactions and access real-time reporting via our Plan Sponsor web portal.

Hassle-free Access

We have an interactive, easy to use web portal for participants.

Benetech´s new participant web portal provides a unique online experience. Participants may now access current plan information 24/7/365 to make changes, manage loans, distributions, hardships, exchanges, and more.

Participants may utilize our education center and document library, which offers downloadable forms, service provider prospectus, and additional plan information and documents. Our call center is available to all participants for any questions they may have pertaining to their 403(b) Account.

BEST OF ALL WE ARE FREE... OF HIDDEN FEES!

Benetech has developed an industry-first, all-inclusive pricing model. Our participant maintenance fee includes plan design and plan document preparation, implementation, compliance and web access.

As an independent third party administrator, Benetech is here to work on behalf of the Plan Sponsors and their participants.

We´re more than just a TPA, we´re a partner you can trust!