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Products April 3, 2019
TPA Announces Cash Balance and DB Plan Administration Fees
Steidle Pension Solutions, LLC (SPS) announced that plan sponsors using SPS administration and actuarial services will pay only $1,200 for full-service administration, and its plan document restatement fee is only $325.
Reported by Rebecca Moore
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.
For more information regarding Steidle Pension Solutions, LLC, please visit www.sps401k.com or call 1.800.630.401K (4015).« Small Business Owners Prefer Financial Service Companies to Manage Retirement Plans