Services | abp-ltd
Since our founding, ABP's core competency has been servicing qualified retirement plans. We have experience with plans that range from 1 to 1,000 participants. ABP administers the following type of plans:
We offer a full list of services for qualified retirement plans, including the following:
ABP's goal is to fully understand every plan sponsors goals and design a plan that can accomplish those objectives. Creative plan design can make the best use of retirement plans to achieve a successful tax-deferral tool for owners and employee benefit plan for plan participants. ABP's focus on up-front fact-finding and plan design materially benefits our clients and their participants.
Plan administration includes the day-to-day issues and annual requirements for your plan, including but not limited to:
Preparation of fee disclosure for plan sponsors and participants
Participant loan and distribution processing
The employer/plan sponsor must be engaged to some extent in all of these processes, but ABP's dedication to customer service and client hand-holding minimizes the employer's internal work demands while minimizing the risk of compliance failures.
Unlike many competitors, ABP's consulting does not end with up-front plan design. Our experienced client support personnel take ownership of clients and engage in continuous consulting as part of the annual service process. In addition to plan design, consulting support often includes discussions about best practices for contribution, participant loan, and benefit distribution processing, support in responding to questions from participants, and ways to create the most effective contribution scenario each plan year.
By using TPA allowances from recordkeepers to offset our invoices to clients, ABP remains unbiased to the various recordkeeping platforms that can be used for plan services. This allows us to recommend the best possible solution for each of our clients.
Not sure what exactly what a TPA does? Watch this short video by one of our partners, John Hancock, to give you a better idea.