Benefit Equity, Inc. (BEI) is a Third-Party Administrator (TPA) specializing in retirement plan services for small to mid-sized businesses1. They have been in operation for nearly three decades, establishing themselves as a trusted partner for businesses and their advisors in the community1.

Company Size and Scope

BEI is described as being "experienced enough to provide outstanding resources, yet nimble enough to provide complete flexibility for [their] clients"1. This suggests they are a mid-sized company with a substantial team of experts.

Primary Services and Offerings

BEI offers a range of retirement plan services, including:

Retirement Plan Design: They help employers navigate the complexities of creating retirement plans tailored to their specific needs3.

Plan Administration: BEI provides ongoing administration services for various types of retirement plans3.

Plan Consulting: They offer expert advice on plan options, compliance, and optimization3.

Specialized Plan Types:

401(k) Plans

403(b) Plans (for nonprofits, schools, and churches)

Profit Sharing Plans

Defined Benefit Plans

Cash Balance Plans

Combination Plans (DB/DC)3

Company Philosophy

BEI's philosophy is centered around several key principles:

Client-First Approach: They prioritize their clients' needs and consistently strive to exceed expectations14.

Expertise and Education: BEI emphasizes ongoing education and industry knowledge for their team to provide outstanding service4.

Flexibility and Customization: They focus on understanding each employer's unique needs and designing plans that fit their specific requirements and budget3.

Consultative Approach: BEI prides itself on taking a consultative approach to administration, resulting in a superior customer service experience4.

Community Involvement: The company embraces philanthropy as part of their culture, supporting various community initiatives and charitable organizations2.

Long-Term Relationships: BEI values building lasting partnerships with their clients and trusted advisors in the community1.

In summary, Benefit Equity, Inc. is a well-established TPA that combines expertise in retirement plan services with a strong commitment to client satisfaction, customization, and community involvement.