BFP services a wide range of non-qualified defined contribution plans including elective deferral, employer only contributory plans, and phantom stock plans among others. Our knowledgeable and friendly associates provide clients with timely reporting and assistance with plan events and operation. Services for Defined Contribution Plans include (as applicable for a specific plan type):
- Online access to account values and plan information
- Accounting for plan benefits and events
- Participant benefit statements
- Online enrollment
- Asset/Liability servicing
- Distribution tracking
- Redeferral reminders
- Assistance with 409A document and operational issues
- Benefit projections
- FICA/FUTA reporting
- Dedicated Client Relationship Manager
- Assistance with plan communication and education materials
The availability of the below services vary based on customized plan designs and informal funding selections.
General Online Services
- Daily access to plan balances by source and fund
- Online enrollment
- Period benefit statements
- Transaction Detail
- Access to plan documents
- Performance return information
- Distribution and projected distribution dates
- Customization such as company logos, links, news items, etc.
- Comprehensive reallocation and transfer capabilities
- Ability to make changes to beneficiaries, personal information
Plan Sponsor Online Services
- Access to participant accounts
- Secure File Transfer with upload and download capabilities
- Enrollment and deferral summaries, statistics and tools
