LEBANON, N.J.--(BUSINESS WIRE)--Steidle Pension Solutions, LLC (“SPS”), a third party administration firm (“TPA”) dedicated to cost effective 401k administration in the small plan market, has announced its 2020 401k, Cash Balance and Defined Benefit administration fee schedule. Employers using SPS 401k TPA services will pay either $600 or $900 for full service administration depending on the custodian institution. This announcement marks a continuation of a pricing policy in place since 2010.
“As a National TPA providing 401k, Cash Balance, and Defined Benefit services in over 30 states, we see our commitment to cost effective plan administration, delivered with a personal touch, driving employers and their advisors to engage our firm,” said Keith J. Steidle, QKA, CRPS, REBC, the firm’s Managing Director.
Small Businesses using SPS TPA and actuarial services for Cash Balance Defined Benefit plans will pay only $1200 for service administration. The plan document restatement fee is a fair $325. SPS reiterated that it does not view the 6 year mandatory restatement cycle as a profit center.
“SPS partners with select advisors and investment professionals all across the nation. Our service oriented approach aimed at delivering quick and detailed responses to all requests and inquires is well received by Plan Sponsors and their advisors alike,” said Keith Steidle.
SPS comprehensive 401k administration services include testing, calculations, plan valuation, document services, Form 5500 preparation and other services needed to effectively and efficiently operate a plan.
For more information regarding Steidle Pension Solutions, LLC, please visit www.sps401k.com or call 1.908.236.0040.