Hunter Benefits Consulting Group, Inc. Complete

Consulting Complete Services – Our most comprehensive plan design level represents the traditional level of retirement plan consulting. This service level is appropriate for companies with complex Plan design needs, complex corporate structures, or Plans with more than 100 participants needing a large plan audit. Plan design services allow for the maximum flexibility allowed by statute.

This type of Plan design is used by plan sponsors with a significant percentage of highly compensated employees.  Generally, the targeted participants are substantially older than the average age of the staff members

Typical Clients: 1) Professional Services or Consulting firm wanting to give the largest contribution allowed to the fewest number of employees, 2) Plan Sponsors with related companies or service groups, multiple employer plans, etc. or 3) Plans with more than 100 eligible participants.

 

Hunter Benefits Consulting Group, Inc. Streamliner

Streamliner Services – A mid-level service product for the employer whose needs are less complex than those offered at our Full Consulting Services level, but want more flexibility than the essential Solution. The employer can select certain options such as the eligibility provisions, the vesting schedule, Roth contribution availability, and other options.

This level is best for an employer who wants a Plan as easy to operate as a Simple IRA but with larger contribution limits and more Plan design options. Streamliner is available with American Funds Recordkeeper Direct, the LRS open architecture option and the following group annuity platforms - John Hancock, Principal, Transamerica and Voya. Plans must have fewer than 99 Participants. Billing is a mix of fixed monthly fee and a percentage of Plan assets.

Typical Clients: 1) Clients wanting some limited flexibility in plan design, 2) Plan Sponsors with “simple” Controlled Group issues, 3) new Plans with sponsors wanting to limit out-of-pocket costs, or 4) Clients who prefer to use institutional share class funds (i shares) or Exchange Traded Funds (ETFs).

 

Hunter Benefits Consulting Group, Inc. Essential

essential Solution – Complexity drives cost. This plan design and service solution removes as much of the complexity as possible and provides a quality qualified retirement plan. To maintain simplicity, plan provisions and recordkeeping companies are already pre-designed and all communication and data transfer is done electronically.

This level is specifically for a Plan sponsor who wants to minimize the complexity of Plan administration and who can upload payroll files and download required reports. Asset holder options are limited to ING, John Hancock and Transamerica. Billing is a mix of monthly per-participant costs and a percentage of Plan assets.

Typical Clients: 1) Plan Sponsors wanting maximum standardization and minimum complexity, 2) Plan Sponsors with very basic corporate structures - no shared ownership with other companies, or 3) Employers interested in the investment companies available under this model.

 

Plan Types Offered
and Services Offered

Plan Types Offered

  • 401(k) Traditional
  • 401(k) Safe Harbor
  • 401(a)
  • 403(b)
  • 457(b) - Government Plans
  • Defined Benefit
  • Cash Balance
  • Profit Sharing
  • Money Purchase
  • Open Architecture
  • Owner Only 401(k)
  • Owner Only Defined Benefit

Services Offered

  • Plan Design
  • Creating Signature-ready Documents
  • Prepare 5500 Forms for e-filing
  • Trust Accounting
  • Compliance Testing
  • Contribution Calculation
  • Contribution Testing
  • Recordkeeping Services
  • Document Amendment and Restatements
  • Correction Progrems
  • Account Reconciliation
  • Eligibility Testing
  • Top Heavy Testing
  • Distribution Processing
  • Participant Loan Processing
  • Mandatory Notice Preparation

What Our Clients Are Saying


HBCG
"I have always been very happy with your service. Always been very happy with your crew. Their response time is incredible. They get back to me immediately. They follow up. I don’t have to follow up with them. That’s one less thing I have to worry about."