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National Benefit
Consultants Inc.
28800 Orchard Lake Road, Suite 210, Farmington Hills, Mich. 48334; 810-539-4000; fax: 810-539-4012
Staff
Total25
Involved in 401(k) plan services7
Clients
Total750
Receiving bundled services750
Average participants/plan50
Minimum participants/plan10
Maximum participants/plan2,000
Services began: 1981.
Software: Written and maintained in-house, accommodates 99 investment funds and 20 types of contributions.
Administration: Cash, unit value and full share 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. Manages investment of 401(k) plan funds. Other services include defined benefit and defined contribution plan administration, insurance investment and estate planning.
Service area: Nationwide.
Charges: Determined by number of participants, complexity of plan, assets under management, time and expense, frequency valuations.
Officers: Harold H. Lambert, president; Brian V. Stevens, secretary/treasurer; Michael T. Stacey, vp.
Contact: Michael T. Stacey, 810-539-4000 ext. 1245.
Northeast Benefit
Plan Services
P.O. Box 703, Milford,
Mass. 01757; 508-478-6214
Staff
Total2
Involved in 401(k) plan services2
Clients
Total24
Receiving unbundled services24
Average participants/plan20
Minimum participants/plan5
Maximum participants/plan250
Services began: 1990.
Software: Record keeping provided by third party, accommodates 10 investment funds and six 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, communication of plan features to employees. Consults on plan design issues, compliance issues, employee communications.
Service area: New York; Mid-Atlantic, New England.
Locations: Administrative/consulting offices in Columbia, Conn; Milford, Mass.
Charges: Determined by number of participants, complexity of plan, time and expense, frequency valuations.
Officers: J. Paul Freniere, principal; Robert J. Bogue, associate.
Contact: J. Paul Freniere.
Northern Trust Retirement Consulting Inc.
400 Perimeter Center Terrace, Suite 850, Atlanta, Ga., 30346; 770-395-9880; fax: 770-512-6320
Staff
Total294
Involved in 401(k) plan services193
Clients
Total156
Receiving unbundled services134
Receiving bundled services22
Average participants/plan5,550
Minimum participants/plan250
Maximum participants/planUnlimited
Services began: 1981.
Parent: The Northern Trust Co.
Software: Written and maintained in-house, accommodates unlimited investment funds and unlimited types of contributions, software may be used by clients in-house.
Administration: Cash, unit value and full share 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, online access, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications. Manages investment of 401(k) plan funds. Other services include strategic consulting, process engineering, actuarial services, pension calculation systems, benefit statements, retirement modeling, trust services, investment consulting.
Service area: Nationwide.
Locations: Administrative/consulting offices in Atlanta; Chicago; Seattle.
Charges: Determined by number of participants, complexity of plan, assets under management, time and expense, frequency valuations.
Officers: James G. Pope, president; Dennis F. Sain, executive vp; David Parsons, principal actuary; Barry Young, consulting actuary; Sue Karch, director-recordkeeping services.
Contact: Dennis F. Sain.
The Nyhart Co. Inc.
3505 N. Washington Blvd., Indianapolis, Ind. 46205; 317-923-2391; fax: 317-926-3303
Staff
Total110
Involved in 401(k) plan services18
Clients
Total58
Receiving unbundled services58
Average participants/plan500
Minimum participants/plan1
Maximum participants/planUnlimited
Services began: 1981.
Software: Purchased from outside vendor, accommodates 20 investment funds and 15 types of contributions.
Administration: Cash, unit value and full share accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications.
Service area: Nationwide.
Locations: Administrative/consulting offices in Evansville, Ind.
Charges: Determined by number of participants, complexity of plan, time and expense, frequency valuations.
Officers: Daryl Dean, president/CEO; Jeffrey S. Line, vp/general counsel; Nancy Pitt, vp-defined contributions; Jay Hanselmann, vp/chief actuary; Grace Stewart, vp-administration; Gary Chattin, regional vp.