Ekon Benefits is the Total Provider.  We provide comprehensive, customized retirement plan services that fit the needs of each individual client and participant group.  We are a medium-sized consulting and administration firm, specializing in services for employer sponsored retirement plans.  We are dedicated to providing timely, accurate and personalized service.  Our associates are knowledgeable and bring an average of more than 14 years of experience, with extensive experience in all types of qualified plans including Defined Benefit actuarial services, 401(k) recordkeeping and compliance, ESOP accounting, and 403(b) and 457 Plan administration.

            Ekon Benefits provides administrative and consulting services to hundreds of clients throughout the United States.   Our clients range in size from a few employees to thousands.  We have formulated our business plan to provide superior, customized service to meet the needs of each plan sponsor. 

            We work with our clients from the initial consultation, when goals are identified, through the plan selection, adoption and enrollment process.  After the plan is established, we ensure quality service throughout the ongoing, long-term operation of the plan.  We are available and easily accessible to answer questions when they arise. You will not be at the hands of any inexperienced call center reps, your questions will always be answered by someone who personally knows you, your plan and your needs.

            Be assured that providing timely, accurate service that is comprehensive and customized to your needs will always remain our primary goal.  We pride ourselves on rapid turn-around and can customize reports to meet any need or desire of our client.  We automatically generate all distribution forms for the client and provide detailed Individual Report of Benefits for the participants.

            The name Ekon Benefits unifies our service lines under a common name and message.  Ekon, meaning trust in Polish, speaks to our founder’s ancestry, as well as our goal of being your trusted partner for retirement plan design, administration and consulting.

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Committed to Quality. Committed to You. Ekon Benefits - Your Trusted Partner.

Hours
Regular Hours
Mon - Sun:
Services/Products
Picking the right plan structure is the first step to ensure reaching your goals. Ekon Benefits specializes in consulting and administration services for all types of employer and union-sponsored retirement plans. We will assist you in selecting and designing a retirement plan that meets the needs specific to you and your participants.401(k) PlansCurrently the most popular plan structure, 401(k)'s, are suited for employers who want to encourage employees' pre-tax savings. Employers have flexibility to make matching or profit sharing contributions to 401(k) Plans. 403(b) PlansEstablished by organizations qualified under IRC section 501(c)(3), such as schools, churches and hospitals that want to encourage employees' pre-tax savings.457 PlansEstablished by non-profit organizations and state and local governments that want to encourage employees' pre-tax savings.Defined Benefit PlansDefined Benefit Plans are best suited for employers who have stable profits and who want to benefit older career employees. Required annual contributions are determined by actuarial computations. Benefits are determined by a definite formula and are usually related to salary and service.Profit Sharing PlansContributions are discretionary and can be allocated to participants by an integrated, non-integrated or a cross-tested method. Annual employer contributions can be up to 25% of salary.Money Purchase PlansAnnual contributions are a fixed commitment. With the contribution limit for Profit Sharing Plans, Money Purchase Plans will become obsolete and are being merged into Profit Sharing Plans.Employee Stock Ownership Plans (ESOPs) and Leveraged ESOPsEmployee Stock Ownership Plans allow employees to share in company ownership. ESOPs are also used to defer the gain on the sale of a company. Funds are primarily invested in employer securities.
Neighborhood
Central West End
Amenities
Consultation on the administration and operation of the Plan In-house Actuarial Services for Defined Benefit Plans Preparation of the Plan's annual tax return (IRS Form 5500) Preparation of Summary Annual Report Discrimination and Annual Top-Heavy testing Maintenance of participants accounts, including: Maintaining separate source accounts Calculating vesting percentages Preparing individual account statement Our consultants concentrate on the design, financing, and administration of retirement and benefit plans. They:Design programs that maximize workforce management and employee appreciation, Assess funding and accounting strategies, both for the current year and for the future years' trends, Analyze and interpret new concepts and approaches, Provide strategy, support, and analysis for mergers and acquisitions, union negotiations, and special executive retirement plan designs, and Perform all levels of plan administration and government compliance. We continue to work with you in the ever-changing area of employee benefit plans, including:Special studies Plan amendment assistance IRS and DOL compliance services Plan audit assistance Investment coordination Retirement options assistance Divorce-benefit valuations Assistance with plan terminations
Categories
Financial Planners, Investment Advisory Service, Retirement Planning Services