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Feldman Benefit Services Inc.
966 S. Springfield Ave., Springfield, N.J. 07081; 201-376-6777;
Involved in 401(k) plan services6
Receiving unbundled services125
401(k) plan administration$300,000
Services began: 1985.
Software: Purchased from outside vendor, accommodates 20 investment funds and eight 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. Consults on legal issues, plan design issues, compliance issues, employee communications. Other services include benefit determination packages for terminated employees, including applicable tax information.
Service area: East coast (Connecticut to Florida).
Charges: Determined by number of participants, complexity of plan, time and expense, frequency valuations.
Officers: Elise Feldman, president.
P.O. Box 1828, Tallahassee,
Fla. 32302; 800-872-0345;
Involved in 401(k) plan services3
Receiving bundled services6
401(k) plan administration$235,000
Services began: 1985.
Software: Record keeping provided by third party.
Administration: 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 counseling (non-investment) and quarterly newsletter.
Service area: Nationwide.
Charges: Determined by number of participants, complexity of plan, assets under management.
Officers: Michael Sheridan, CEO; Lorraine Ritch, president; Agnes McMurry, senior vp-administration; Bill Bishoff, senior vp-legal; Debra Tougas, senior vp-comptroller.
Contact: Lew Leopard, vp-marketing.