LEBANON, N.J.--(BUSINESS WIRE)--Steidle Pension Solutions, LLC (“SPS”), a Third Party Administration firm dedicated to cost effective retirement Plan administration, has announced its 2019 Cash Balance & Defined Benefit Plan administration fee schedule. Businesses using SPS administration and actuarial services will pay only $1200 for full service administration. This announcement marks a continuation of a pricing policy in place since 2010.
“Working with small to mid-size businesses has taught us that a transparent, straight forward fee structure works best. Our investment in technology, infrastructure and processes allows SPS to deliver cost effective administration for both Defined Benefit and 401k Plans while maintaining a personal touch,” said Keith J. Steidle, QKA, CRPS, REBC, the firm’s Managing Director, in a statement released today.
Steidle Pension Solutions, LLC is a national Third Party Administration firm serving Plan Sponsors and participants in over 30 states. “SPS is excited to expand our partnerships with advisors and investment professionals all across the country. Our service oriented approach aimed at delivering quick and detailed responses to all requests and inquiries is well received by Plan Sponsors and their advisors alike,” said Keith Steidle during an interview.
SPS also confirmed that its Plan Document restatement fee is only $325. “With some TPAs charging $1,500 or more for Plan restatements, we believe our pricing is a further indication of our exceptional value. SPS does not view the 6 year mandatory restatement cycle as a profit center,” noted Steidle.
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 Defined Benefit or Cash Balance Plan. SPS also provides cost effective 401k administration.
For more information regarding Steidle Pension Solutions, LLC, please visit www.sps401k.com or call 1.800.630.401K (4015).