Retirement Plan Services

A retirement plan is an integral part of an employer’s benefit offering. Because of the tax advantages, most retirement plans are designed to deliver a present deduction to the employer while the employee defers taxation of that income until retirement. BeneSkill partners with trusted providers to deliver streamlined plans that help employees invest confidently in their future while reducing the employer’s administrative workload.

Plan designs we work with

• 401(k) plans — the core defined-contribution vehicle, with traditional and Roth deferrals.
• Safe harbor — a design that satisfies nondiscrimination testing through defined employer contributions.
• Profit sharing — discretionary employer contributions that flex with business performance.
• Cross-tested designs — allocation structures that direct a larger share toward targeted employee groups where testing permits.
• SIMPLE IRA and SEP — lower-administration options well suited to smaller employers.
• ESOPs — employee stock ownership structures for companies pursuing an ownership transition.

Services around the plan

Our services include plan design and consulting, record-keeping, and compliance services for both daily valued and balance forward plans. We benchmark plan fees and investment lineups against comparable employers, because fee reasonableness is a fiduciary obligation and not a one-time decision.

Employee education that actually moves participation

A plan nobody uses is not a benefit. We run education and engagement programs built around real enrollment moments — onboarding, life events, and open enrollment — so participation and deferral rates reflect what the plan was designed to do.

Integrated with payroll and benefits

Deferral changes, eligibility tracking and contribution files move between payroll and the recordkeeper automatically. That removes the manual reconciliation that causes most correction filings.

What’s included

• Plan design and consulting
• Recordkeeping coordination
• Fee and investment benchmarking
• Nondiscrimination testing support
• Form 5500 preparation support
• Safe harbor notice distribution
• Payroll integration and contribution files
• Employee education sessions