Benefit Plans

Overview

Warren Averett has been providing retirement plan administration services since 1979.  With a team of professionals devoted exclusively to plan administration and consultation, Warren Averett serves approximately 360 retirement and employee benefit plans ranging from 1 to 3,000 participants. Through our designated divisions of Warren, Averett, Kimbrough & Marino Wealth Management, LLC and Benefit Consultants, LLC the Firm assists a variety of organizations with comprehensive financial and administrative retirement plan services, including:

• Plan design, consultation and administration
• Annual plan compliance
• Daily Value Plans (DVP)
• Financial and investment services

Whether your plan requires balance forward or DVP, the right kind of retirement plan services can afford employers invaluable benefits for both their organization and their employees. 

Benefit Consultants’ plan administration services work with employers to achieve benefits such as:

• Attracting and retaining qualified employees
• Providing tax deductions for plan contributions and operating expenses
• Creating a flexible plan design
• Utilizing participant-directed accounts to assist with 404(c) compliance

Plan Administration

Whether your organization has an existing retirement plan or is considering the start up of a new plan, the team at Warren Averett can help you streamline the administration and design a retirement plan system that best fits the unique needs of your company.  Our Daily Value system may be the solution.  Regardless of the design, Warren Averett has the experience and expertise to successfully handle any of your plan needs.

Types of Plans Served

• 401(k) plans
• 403(b) plans
• Defined benefit plans 
• Cafeteria plans
• Profit sharing plans 
• SEPs
• Welfare benefit plans  
• Money purchase pension plans

Warren Averett also provides implementation, consulting, and auditing services for employee stock ownership plans (ESOPs).

Customized plan design and administration

Warren Averett evaluates a variety of qualified retirement plans and recommends a plan design that will deliver maximum benefit to owners simultaneous with desired employee benefit.  Our administration services include education meetings with employees to introduce, explain and answer questions regarding your plan. We will recommend plan amendments or termination when warranted and we will summarize all annual, semi-annual or quarterly accounting transactions in the retirement plan, including allocation of contributions, forfeitures and plan earnings. We assist with determination of employee eligibility and vested benefits for each employee. 

Annual plan compliance

Through non-discrimination testing and complete and timely filing of required tax documents including Form 5500, clients are ensured that compliance matters are handled and results processed to the appropriate third parties.

Broad investment availability

A wide variety of investment options are available through our trading platforms.  Working with your organization, we will determine which platform is best suited to meet the needs of your plan.

Participant directed accounts

Employees have online and immediate access to their retirement accounts.  They direct their own investment choices which can be made on a daily basis.

Quarterly participant statements

Quarterly participant statements allow continuous employee involvement in their retirement investment account.  We strive to keep our clients’ employees informed and educated regarding the status of their retirement accounts.

Daily account access through the Internet or a toll free Retirement Hotline

Our goal is to provide convenience, control and access for our clients’ employees.  Having access to their accounts via the Internet or through a toll free hotline are just two of the ways we accomplish this goal.

Benefit Consultants also offers clients the benefit of local contacts.  Our plan administrators provide consistent communication to clients.  The web site and telephone hotlines are also maintained at this same facility and are staffed via local employees.