Ekon Benefits is the Total Provider. We provide comprehensive, customized retirement plan services that fit the needs of each individual client and participant group. We are a medium-sized consulting and administration firm, specializing in services for employer sponsored retirement plans. We are dedicated to providing timely, accurate and personalized service. Our associates are knowledgeable and bring an average of more than 14 years of experience, with extensive experience in all types of qualified plans including Defined Benefit actuarial services, 401(k) recordkeeping and compliance, ESOP accounting, and 403(b) and 457 Plan administration. Ekon Benefits provides administrative and consulting services to hundreds of clients throughout the United States. Our clients range in size from a few employees to thousands. We have formulated our business plan to provide superior, customized service to meet the needs of each plan sponsor. We work with our clients from the initial consultation, when goals are identified, through the plan selection, adoption and enrollment process. After the plan is established, we ensure quality service throughout the ongoing, long-term operation of the plan. We are available and easily accessible to answer questions when they arise. You will not be at the hands of any inexperienced call center reps, your questions will always be answered by someone who personally knows you, your plan and your needs. Be assured that providing timely, accurate service that is comprehensive and customized to your needs will always remain our primary goal. We pride ourselves on rapid turn-around and can customize reports to meet any need or desire of our client. We automatically generate all distribution forms for the client and provide detailed Individual Report of Benefits for the participants. The name Ekon Benefits unifies our service lines under a common name and message. Ekon, meaning trust in Polish, speaks to our founder’s ancestry, as well as our goal of being your trusted partner for retirement plan design, administration and consulting.
Services/Products
AmenitiesConsultation on the administration and operation of the Plan
In-house Actuarial for Defined Benefit Plans
Preparation of the Plan's annual tax return (IRS Form 5500)
Preparation of Summary Annual Report
Discrimination and Annual Top-Heavy testing
Maintenance of participants accounts, including Maintaining separate source accounts
Calculating vesting percentages
Preparing individual account statement
Our consultants concentrate on the design, financing, and administration of retirement and benefit plans. TheyDesign programs that maximize workforce management and employee appreciation,
Assess funding and accounting strategies, both for the current year and for the future years' trends,
Analyze and interpret new concepts and approaches,
Provide strategy, support, and analysis for mergers and acquisitions, union negotiations, and special executive retirement plan designs, and
Perform all levels of plan administration and government compliance.
We continue to work with you in the ever-changing area of employee benefit plans, includingSpecial studies
Plan amendment assistance
IRS and DOL compliance services
Plan audit assistance
Investment coordination
Retirement options assistance
Divorce-benefit valuations
Assistance with plan terminations,Consultation on the administration and operation of the Plan
In-house Actuarial for Defined Benefit Plans
Preparation of the Plan's annual tax return (IRS Form 5500)
Preparation of Summary Annual Report
Discrimination and Annual Top-Heavy testing
Maintenance of participants accounts, including Maintaining separate source accounts
Calculating vesting percentages
Preparing individual account statement
Our consultants concentrate on the design, financing, and administration of retirement and benefit plans. TheyDesign programs that maximize workforce management and employee appreciation,
Assess funding and accounting strategies, both for the current year and for the future years' trends,
Analyze and interpret new concepts and approaches,
Provide strategy, support, and analysis for mergers and acquisitions, union negotiations, and special executive retirement plan designs, and
Perform all levels of plan administration and government compliance.
We continue to work with you in the ever-changing area of employee benefit plans, includingSpecial studies
Plan amendment assistance
IRS and DOL compliance services
Plan audit assistance
Investment coordination
Retirement options assistance
Divorce-benefit valuations
Assistance with plan terminations,Consultation on the administration and operation of the Plan
In-house Actuarial for Defined Benefit Plans
Preparation of the Plan's annual tax return (IRS Form 5500)
Preparation of Summary Annual Report
Discrimination and Annual Top-Heavy testing
Maintenance of participants accounts, including Maintaining separate source accounts
Calculating vesting percentages
Preparing individual account statement
Our consultants concentrate on the design, financing, and administration of retirement and benefit plans. TheyDesign programs that maximize workforce management and employee appreciation,
Assess funding and accounting strategies, both for the current year and for the future years' trends,
Analyze and interpret new concepts and approaches,
Provide strategy, support, and analysis for mergers and acquisitions, union negotiations, and special executive retirement plan designs, and
Perform all levels of plan administration and government compliance.
We continue to work with you in the ever-changing area of employee benefit plans, includingSpecial studies
Plan amendment assistance
IRS and DOL compliance services
Plan audit assistance
Investment coordination
Retirement options assistance
Divorce-benefit valuations
Assistance with plan terminations,Consultation on the administration and operation of the Plan
In-house Actuarial for Defined Benefit Plans
Preparation of the Plan's annual