WavesMoving to DPS

A wise person once said, “you don’t know, what you don’t know.”

When it comes to retirement plans, that saying couldn’t be more true. That is why you should work with a TPA partner like Downeast Pension Services, which specializes in setting up retirement plans so that your plan stays in compliance and is an attractive benefit that your business offers to both recruit and retain employees.

We make the new client onboarding process intentionally simple, as we know setting up a new plan or transferring a plan can often seem daunting. Our team will help walk you through the crucial steps so that the process is not only simple but also sets the plan up for future success.

Plan Design

How We Help New Clients

Plan Design

At DPS, we understand the importance of plan design and customizing design solutions to each plan. For that reason, we don’t take a cookie-cutter approach, but instead, we take the time to listen first. We want to understand your business, your employees, and your collective goals.

Once we know your goals, your DPS team will run multiple plan design illustrations and share them with you.

In the Plan Design Meeting we will answer all your questions, so you feel comfortable with the direction that is being recommended for your plan.

Plan Design Options we typically consider:

401(k) Plans

Profit Sharing Plans

Pooled Investment Accounts

403(b) Plans

Cross Tested/New Comparability Plan Design

Defined Benefit/Cash Balance Plans

New Client Onboarding Support:

Plan Document Services

At DPS we will help make sure your Plan Documents are in order.

If you are putting a new plan in place, we draft your plan document based on your customized plan design.

If you are bringing over an existing plan, we will review your company’s plan documents to make sure all amendments have been incorporated and the documents meet ERISA and audit standards.

Transition Paperwork

At DPS, we will help complete all registered recordkeeper paperwork that is needed to bring your plan onboard.