Products & Services

Retirement Plan Design, Compliance and Administration

Plan Design Process

Plan design process begins by listening to you and your client’s needs. Are you in a high-growth period, possibly expanding to new states, or gearing up (or down) to restructure the organization’s leadership? This matters when creating the best plan design possible for your company. After careful review and consideration of your needs and review of current rules and regulations – with an ear on potential future legal changes — we craft a retirement plan design that works for you. Once we all agree that it meets your business objectives, we create the Plan Document, Trust, and request a trust identification number from the Internal Revenue Service.

Plan Administration and Compliance Services at a Glance

Plan compliance and administration are critical parts of a successful retirement plan. Once the design aka “foundation” is in place, our job as TPA’s is just getting started. Annually, we request information from you and find out if there have been changes within your company that can influence the effectiveness of your company’s retirement plan. This consistent monitoring is why having an ERISA specialist on your team is important to ensure that opportunities are not missed.

Investment Advisor Services

You’re a fabulous wealth manager and do a great job investing your client’s money—all but their retirement plan assets. Many investment advisors aren’t comfortable handling a client’s retirement plan assets even if they effectively manage the rest of the client’s investments.

Why? Because they lack the infrastructure to support a retirement plan’s compliance and administration, making investment advising for retirement planning more complex and time consuming. When you partner with Pelion Benefits, that’s no longer a problem thanks to our retirement plan infrastructure services.

We offer an open architecture plan design with Charles Schwab as the investment custodian, where an advisor can choose the plan investment options lineup, compensation, and plan fees.

We can also provide a custodian record keeping option with the following investment companies.

American Funds

Lincoln Financial


The Standard

John Hancock



Transamerica & More

Internet Access Service and Daily Valuation

Retirement plan administration and record keeping services continue to grow and evolve. While increased regulation and compliance has made plans more complex to administer, Pelion’s state of the art technology enhances our ability to provide the highest level of service combined with the professional expertise that our clients and participants demand.

Pelion performs daily valuation of all plan accounts. Daily valuation is the daily assignment of value to each participant’s investment, where participants’ accounts are tracked in units. By keeping investment values up to date, participants can easily obtain current information on their account though a company website or a dedicated plan representative.

Specifically designed to handle the complexities of daily valued plans, Pelion Benefits, Inc. offers:

Easy employee and plan level queries

  • An upload of investment fund prices for a majority of publicly traded assets
  • Electronic transaction import or export of data and fund transfers
  • Electronic confirmation of trades
  • Capability to create user defined data links and file formats for seamless payroll processing

Participant Support Services

Pelion Benefits, Inc. utilizes SmartPlan online video enrollment and educational tutorials. Enrollment Booklets with investment performance data are also available when required.

During normal business hours, participants have available to call a free hotline to obtain general information regarding their plan, or to get assistance when using our interactive Web site.

Administration Services

Once you adopt a Benefit Plan through Pelion Benefits, all administration including employee contributions, asset allocation, financial statements, distribution, and loan processing, along with direct participant services are performed by PBI’s experienced team.

Plans Document Services

PBI works with plan sponsors to design and draft customized plan documents as well as Summary Plan Descriptions. We handle all IRS and/or EBSA plan submissions including amendment and terminations. We work to ensure that plan documents are consistent with plan operations and free of any defects in the event of an IRS or DOL audit we assist plan sponsors.

We provide comprehensive administration and actuarial services for the following: We offer 401(k), 401(a), 403(b), 457, Defined Cash Balance, Target Benefit, Profit Sharing, Money Purchase and Healthcare Reimbursements Arrangements (HRA)’s.

Our services include an annual actuarial valuation report for plan funding, annual participant statements and benefit certifications when participants terminate, become disabled or retire.

Pelion Benefits, Inc. offers comprehensive discrimination testing and prepared signature ready Form 5500 and required attachments for submission to the EBSA as well as Summary Annual Reports (SARs) for distribution to participants.

Recordkeeping Services

Pelion Benefits, Inc. utilizes Relius™ Administration by FIS, to provide a daily valuation for defined contribution plans including fully interactive participant and plan sponsor web applications. Participants may view account details including transaction history, loans, individual rates of return, web/automated telephone system changes, as well as Morningstar performance information and prospectuses for each mutual fund or ETF available under their plan. They may also change investment elections, make transfers, request loans and print statements on demand.

Plan sponsors have access to the most recent versions of all plan documents and forms such as the Summary Plan Description, enrollment forms, and beneficiary designation forms. Plan sponsors may view plan level account details including transaction history, web/automated telephone system changes and employee census information. They may upload files containing plan information such as contributions and print reports including termination packages on demand. Plan sponsors may also utilize all the participant functions.

Pelion Benefits, Inc.  Services-at-a-Glance

Plan Consultation, Design and Plan Documents

Coverage & Discrimination Testing

Toll-free Call Center

Plan Conversion

IRS & DOL Reporting

Qualified Domestic Relations Order Processing

Website Access

Online Enrollment

Web – Transactions Notifications Options

Overview of the Fee Schedule Assignments