A well-designed qualified retirement plan can be an integral asset to running a successful business. PenSys is a respected third party administrator (TPA) and actuarial consulting firm that has been offering flexible retirement plan solutions to businesses of all types and sizes since 1995.
Whether you are a self-employed individual or an owner of a corporation with thousands of employees, PenSys will design, implement, and administer a retirement plan tailored to your unique needs.
Instead of getting boxed in by a pre packaged design, let PenSys help you get what matters most to you and your employees. Whether you are establishing a brand new plan or re-designing an existing one, our Design Consultants have the in-depth actuarial and consulting expertise to help you navigate through the complexities of effective retirement plan design.
We will tailor a qualified retirement plan for your business that will meet your business and tax objectives, be easily maintained, and be well-received by your employees.
A defined benefit pension plan or cash balance plan can be a powerful vehicle to maximize tax deferred savings. PenSys’ Enrolled Actuary and actuarial consulting team monitor and analyze regulatory and legislative developments and provide all the services required to design, implement, and maintain your pension plan in a way that meets your objectives. Our retirement plan consultants will review the design recommendations with you and provide the information you need to make a sound business decision.
Changing service providers can be a challenge. We know because we have been through the process thousands of times. PenSys will provide all of the necessary actuarial services, consulting, and fiduciary support you need to ensure the smooth conversion of your company's qualified retirement plan.
When you partner with PenSys, you will be assigned to an experienced Administrative Consultant who will provide timely and accurate ongoing actuarial, consulting, and administrative services designed to eliminate the burden associated with ensuring the smooth operation of a qualified
Much more than just another third party administration firm, PenSys offers an Open Architecture 401(k) Plan that utilizes state of the art recordkeeping systems to provide plan participants and sponsors with access to easy to understand account information 24/7. Using our convenient online system, you and your participants will be able to: