TPA Announces Cash Balance and DB Plan Administration Fees

Steidle Pension Solutions, LLC (SPS), a third-party retirement plan administration firm, announced its 2019 cash balance and defined benefit (DB) plan administration fee schedule.

Plan sponsors using SPS administration and actuarial services will pay only $1,200 for full-service administration. This announcement marks a continuation of a pricing policy in place since 2010.

SPS also confirmed that its plan document restatement fee is only $325.

SPS comprehensive services include testing, calculations, plan valuation, document services, actuary certification, Form 5500 preparation and other services needed to effectively and efficiently operate a traditional DB or cash balance plan. SPS also provides 401(k) administration.

“Working with small to mid-size businesses has taught us that a transparent, straightforward fee structure works best. Our investment in technology, infrastructure and processes allows SPS to deliver cost-effective administration for both defined benefit and 401(k) plans while maintaining a personal touch,” says Keith J. Steidle, the firm’s managing director.