Topic Thread

1.  401K Plan Administrators

Posted 8 days ago
Hi -

We are looking at changing our current 401K administrator and was interested to see if anyone has third party administrator/trustee that they would recommend?

Thank you!
Kaci Roberts (on behalf of Christy Willcourt)

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Kaci Roberts
Controller
Braun and Butler Construction, Inc.
Cedar Park TX
(512) 837-2882
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2.  RE: 401K Plan Administrators

Posted 7 days ago
Kaci,

The Northwest chapters of AGC have joined together and created a multiple-employer retirement plan.  Their plan is very cost effective and removes much of the administrative burden from the individual companies.  You might want to inquire at your local AGC chapter to see if they have a similar plan.

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Kevin Halme
Silver Slate Consulting
Medical Lake WA
(509) 215-0335
www.silverslateconsulting.com
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3.  RE: 401K Plan Administrators

Posted 4 days ago
Kevin -

Thank you so very much, I will reach out to the Central Texas Chapter.

Hope you have a great day!
Christy

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Christy Willcourt
Controller
Braun and Butler Construction, Inc.
Cedar Park TX
(512) 837-2882
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4.  RE: 401K Plan Administrators

Posted 2 days ago
Kaci,

We just enrolled in the multi employer 401(k) plan through TEXO.  We did tons of research and found this was a very economical way for us to get started in a 401(k) Plan.  If you're interested contact Steve Heussner with Mogul Wealth Strategies at 469-450-4663.  He can provide you with information about the plan.

Although if you want to keep your current plan and are just interested in a new administrator, contact Mike Radoff with LGT Retirement Plan Solutions at 214-461-1472.   They are very easy to work with and I'm sure would do a good job for you.

Good luck to you!!

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Carolyn Brister
Controller
Momentum Mechanical, Inc.
Fort Worth TX
(817) 624-0027
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5.  RE: 401K Plan Administrators

Posted 7 days ago
Hi Kaci,

I'm with Beneco and we specialize in 401k plan administration specifically for contractors. We've got over 30 years experience in the industry and have clients all over the country. We serve as plan administrators, record keepers, and even fiduciaries.

Please feel free to email me at mmoeremans@beneco.com if you want to learn more. Happy to answer any questions you have or send you some follow-up materials, whatever is helpful for you.

Best,
Mark

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Mark Moeremans
External Wholesaler
Beneco
Cincinnati OH
(480) 850-2500
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6.  RE: 401K Plan Administrators

Posted 6 days ago
If you're only looking to change the TPA, you should look at July Business Services.  They're based in Waco but have clients all over.

This is really something your advisor should be helping you with.  If you're looking at changing advisors and record keepers, that's a completely different conversation.


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Adam Blumberg
Certified Financial Planner
Chart Wealth Management
Bellaire TX
(281) 809-0196
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7.  RE: 401K Plan Administrators

Posted 5 days ago
Kaci,

We formed a committee of about 11 employees and did a search about four years ago and went with ABG Consultants, LLC out of Salt Lake City.  They do both our investment advisory services and plan administration.  They are part of a franchised network of Alliance Benefit Group however, each office operates independently.   They have done a great job.  Our employees are very happy with the investment choices.  On the investment side, they are transparent with their fees, return all revenue sharing to the plan and bill us by a percentage of plan rather than investment commission so we know all decisions are in our best interest.  They are full service on the administrative side and their website works well.  They help us cross all our t's and dot all our i's so that we fulfill our fiduciary duties.

Full disclosure, ended up being friends with the owner.  That being said, we only have had positive feedback so far with their services.  We have over 100 employees in the plan.

Good luck with your search.

Fran

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Frances O'Sullivan
CFO
Dome Construction Corp.
South San Francisco CA
(415) 812-7336
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8.  RE: 401K Plan Administrators

Posted 3 days ago
Fran -

Thank you for your recommendation, I will look them up.  I actually used to work in South City at Genentech and really miss that location, especially miss the restaurants on Grand Avenue.

Thank you for your time and recommendation!
Christy

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ChristyWillcourt
Controller
Braun and Butler Construction, Inc.
Cedar Park TX
(512) 837-2882
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