WavesHow we Work with Plan Sponsors

Downeast Pension Services strives to provide the highest quality service to business owners/Plan Sponsors. We understand that each business has its own unique set of circumstances and goals, and we work to understand those goals so that we can provide the best retirement solutions and on-going administration for their retirement plan.

With increasing competition from recordkeepers that offer bundled options, as well as large payroll companies that provide administration services as an add-on to payroll, at DPS we know Plan Sponsors have options. For that reason we work to be transparent about our fees and the value we add as an independent, local TPA.

Here are just a Few Reasons Plan Sponsors Choose DPS:

  1. We are a relationship firm. You will get to know your DPS team. Your DPS team can work with any “day-to-day” client contact you assign, whether they are a Human Resource manager, the Controller, CFO, Office Manager or even an owner of the business. With our team approach, the assigned contact will know who to call and how to get the answers they need. At DPS, we pledge to return your call in a timely manner.
  2. We are there for you for the routine and the not-so routine. The DPS team are experts in addressing the more common plan administration tasks, but also can help with unusual plan occurrences, such as account changes due to a change in marital status, death, hardship distributions, issues with severance pay, etc.
  3. We are available to our Partners as questions come up throughout the year. While we don’t typically deal with participant questions, DPS is an ongoing resource for Advisors, CPAs, and Plan Sponsors. Have a question? Whatever the situation, the DPS team is there for you.
  4. We make the Year-end process simple and seamless. At DPS, we keep the year-end process in mind throughout the year, so when it comes time for the filings and calculations, the process has already been started. We may prepare hypothetical contribution calculations to help our clients decide about a discretionary Match and/or Profit Sharing contribution. Often, there are client questions about the maximum levels of contributions that may be allocated to the owners, bringing all the compliance testing issues into play. We are motivated to provide quick and accurate contribution calculations in order that our clients make informed decisions long before a looming deadline.
  5. We act as consultants. With the retirement plan industry being subject to constant rule and regulation changes, we help Plan Sponsors by consulting with them to interpret the rules and advise them on how to best proceed to try to achieve their plan’s stated goals.