Services

Three Service Levels & Three Pricing Models

TPAs enjoy choice and flexibility when partnering with Kravitz Back Office Solutions. We understand how widely clients can vary in size, complexity, budget and retirement goals. You’ll always get to choose the service level and pricing model that best fits each client.

 

SOLO

for owner-only plans filing Form 5500 EZ

STANDARD

for basic small to mid-size plans without carve-outs

CUSTOM

for larger, more complex plans; includes carve-outs and takeover plans

 

SoloStandardCustom
User-friendly online portals for plan participants. Private-label option, personalized with your logo.
Daily recordkeeping, with 24/7 online access to Cash Balance accounts.
Complete seamless Cash Balance back office services: we work behind the scenes, you control the client relationship.
On-demand benefit payment withdrawal packages and participant statements.
Signature-ready Form 5500 preparation, and profit sharing contribution calculations are all included at no additional charge.
Free custom Cash Balance illustrations provided within 3 business days.
All the required employee notices and forms included.
Beginning of year actuarial valuations – eliminates timeliness issues.
Customizable marketing materials and templates for Cash Balance client service agreements.
Non-discrimination testing package including cross-testing.
Carve-out plan design options.
Multiple interest crediting rate options.
Flexible plan options for more sophisticated designs.
Takeover of existing Cash Balance plan services.
Participant RangeOwner Only1 to 351 to 100
Implementation Costs$1,800$2,500$3,500
Annual Administration Costs$1,800$2,500$3,500 + $45 per participant

Additional services can be purchased online as needed, including PBGC premium form preparation, RMDs, QDROs, benefit distributions, plan amendments, restatements and any other service your clients may require.