DIRECTORY OF 401(K) PLAN ADMINISTRATORS (PART THIRTEEN OF SIXTEEN)
Posted On: May. 4, 1997 12:00 AM CSTR
Retirement Plan Administrative Services Ltd.
1503 Santa Rosa Road, Suite 120, Richmond, Va. 23229;
804-288-8782; fax: 804-288-8786
Staff
Total14
Involved in 401(k) plan services7
Clients
Total110
Receiving unbundled services110
Average participants/plan35
Minimum participants/plan1
Maximum participants/planUnlimited
1996 revenues*
Total$911,000
401(k) plan administration$300,000
Services began: 1981.
Software: Leased from outside vendor, accommodates 999 investment funds and 14 types of contributions.
Administration: Cash accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, toll-free service to request account activity, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications.
Service area: Primarily District of Columbia, Maryland, North Carolina and Virginia.
Locations: Administrative/consulting offices in Fairfax and Norfolk, Va.
Charges: Determined by number of participants, complexity of plan, frequency valuations.
Officers: Burl V. Bachman, president; Barbara H. Smith, vp.
Retirement Resources Inc.
1983 Marcus Ave., Suite 260,
Lake Success, N.Y. 11042;
800-537-6565 or 516-358-3969; fax: 516-488-1081
Staff
Total17
Involved in 401(k) plan services10
Clients
Total130
Receiving unbundled services130
Average participants/plan70
Minimum participants/plan5
Maximum participants/planUnlimited
Services began: 1981.
Software: Written and maintained in-house, accommodates unlimited investment funds and eight types of contributions.
Administration: Cash and unit value accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, toll-free service to request account activity, communication of plan features to employees. Consults on plan design issues, compliance issues, employee communications.
Service area: Connecticut, Florida, New Jersey, New York, Pennsylvania.
Charges: Determined by number of participants, complexity of plan, time and expense, frequency valuations.
Contact: Steven L. Roemer, president.