U
United States Pension Services Inc.
3507 Frontage Road, Suite 200, Tampa, Fla. 33607;
800-754-2980; fax: 800-344-1258
Staff
Total185
Involved in 401(k) plan services90
Clients
Total1,800
Receiving unbundled services1,800
Average participants/plan75
Minimum participants/plan25
Maximum participants/plan5,000
Services began: 1981.
Software: Administration purchased from outside vendor, record keeping leased 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, toll-free service to request account activity. Consults on plan design issues, compliance issues, employee communications. Other services include full service third-party administration, all levels of documents and IRS submissions; IRS and DOL reporting.
Service area: Nationwide.
Locations: Administrative/consulting offices in Los Angeles, San Diego and San Mateo, Calif.; Charlotte, N.C.
Charges: Determined by number of participants, complexity of plan, time and expense, frequency valuations.
Officers: Neil Bicknell, president/CEO; John Sciarra, senior vp/director-marketing; James Houpt, senior vp-administration/record keeping; Paul Kelly, senior vp-research/compliance.
Contact: National marketing, 800-325-6860.
W
Watson Wyatt Worldwide
6707 Democracy Blvd., Suite 800, Bethesda, Md. 20817;
301-581-4600; fax: 301-581-4688
Staff
Total5,000
Involved in 401(k) plan services250
Clients
Total800
Receiving unbundled services800
Average participants/plan1,000
Minimum participants/plan250
Maximum participants/planUnlimited
Services began: 1981.
Software: Written and maintained in-house, accommodates unlimited investment funds and 15 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: 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 through alliances. Other services include retirement philosophy development, service provider evaluation, global benefits strategies, mergers and acquisitions support, non-qualified plans and 403(b) plans.
Service area: Nationwide.
Locations: Administrative/consulting offices in 36 locations nationwide.
Charges: Determined by number of participants, complexity of plan, assets under management, time and expense, frequency valuations.
Officers: A.W. (Pete) Smith Jr., president/CEO; Paul Daoust, executive vp/COO.
Contact: Louis Valentino, 212-251-5535.