Our Company
Grow Your Business with a True Partner
At The Benefit Practice, we know that your primary concern is giving your customers the best choices possible. Solutions that provide business owners and key staff the opportunity to save for their retirement efficiently and effectively.
As a leader in retirement planning, we offer creative solutions that help plan sponsors reach their objectives. From ESOPs to our industry-leading RiskFree Plan®, we offer you a broad range of competitive services for your clients’ particular needs. The Benefit Practice will evaluate, design, implement, and manage plans to ensure accuracy and compliance.
If you’re looking for a partner to provide support that delivers results, contact us. We look forward to helping you grow your business.
Creative Plan Designs
Creative, sophisticated solutions set us apart as industry experts in the complex world of plan design. We’ll know if your client will benefit from a plan that is out of the box or one that stays more within the lines. Either way, we deliver real solutions for today.
Opportunities to sharpen critical retirement program skills
Not only can The Benefit Practice help financial professionals through our client-focused solutions, but we are also committed to offering ongoing education and skills development in the ever-changing retirement industry.
Retirement Master Classes – for Financial Advisors
To help Financial Advisors further develop their retirement program skill set, The Benefit Practice has developed The Retirement Master Class series – ongoing seminars to help financial advisors better understand the elements of well-designed and executed retirement programs.
- What makes a good prospect
- How to really read a Form 5500SF and Form 5500
- How to target specific industries so you can become an “expert” in that industry
- The Basics
- 401(k) – Traditional vs. Safe Harbor vs. QACA
- Profit Sharing – Traditional vs. New Comparability
- Defined Benefit – Traditional vs. Cash Balance
- What to look for in an investment platform solution
- Role Playing
- Quick overview of elements in Series I
- How to determined what is important to a client/prospect in the first 60 seconds
- The Not So Basics
- Combination Plans – Defined Benefit/Defined Contribution
- The TBP RiskFree Plan℠
- Transitional Plans
- Component Plans
- ESOPs
- Pros and Cons of using Brokerage Accounts and their risks
- How to properly use Non-Traditional investments in a retirement program (e.g., Real Estate, Hedge Funds, Investment Grade Art, etc.) and avoid the very expensive pitfalls
- Role Playing
- Overview of elements in Series I and II
- Insurance in Qualified Plans – what you need to know before implementing
- Affiliated Service Group and Common Control issues
- Nonqualified Deferred Compensation Plans vs. Qualified Plans
- When do Nonqualified Plans make sense
- Who can participate in these plans
- How to properly design a Wrap-Around plan
- SERPs (Supplemental Executive Retirement Plans)
- Funding – what are permissible funding options
Each class features a structured, hands-on, adult-learning methodology with workbooks, end-of-class quizzes, and homework assignments. Participants are encouraged to bring a current or prospective retirement plan they are working on so that they can immediately apply the skills and strategies to their own real-world challenges.
In addition, the Retirement Master Classes often feature guest speakers—experts in a variety of fields who offer fresh insights into strategies for maximum client engagement and loyalty. These experts include:
- Trust & Estate attorneys
- ERISA attorneys
- CPAs
- DC-IO professionals with access to fund analysis and overall performance reviews
- Group Benefit and Property & Casualty Professionals
- Investment Platform Wholesalers
Contact us today to learn more about our Retirement Master Classes
The Coffee Meet℠ – for CPAs and Attorneys
The trusted business partners of your clients are key influencers in their retirement program decisions. To help your clients’ CPAs and attorneys stay on top of all the recent tax law changes that affect retirement plans, The Benefit Practice has created The Coffee Meet℠.
The Coffee Meet℠ is a one-hour meeting that brings together the financial planner with the client’s accountants or lawyers. The main purpose of the meeting is to discuss recent changes in pension law and the new designs they need to be aware of for their clients. For maximum practicality, the meetings take place at the accountant’s or lawyer’s firm so that participants can return to work immediately.
These meetings are excellent opportunities to meet annual Continuing Professional Education/Continuing Legal Education (CPE/CLE) requirements. They are also a great opportunity for financial advisors to showcase additional investment ideas for retirement programs.
Contact us today for more information on The Coffee Meet℠
The Sounding Board℠ Service
We can provide fast answers to your retirement plan questions. Staffed by our experienced actuaries, defined contribution consultants, and ERISA attorneys, The Sounding Board℠ is an innovative way for financial advisors, attorneys and CPAs to get quick answers to complex questions. Whether you’re looking for solutions to enhance a plan or answers that will help you keep your clients “in compliance,” The Sounding Board℠ can help.
Contact us today to learn how to become a part of The Sounding Board℠
Creative Plan Designs
Creative, sophisticated solutions set us apart as industry experts in the complex world of plan design. We’ll know if your client will benefit from a plan that is out of the box or one that stays more within the lines. Either way, we deliver real solutions for today. Learn more >
