Making assumptions can leave you isolated... don't go it alone. Let Wells Thomas, LLC be your guide.
Wells Thomas, LLC specializes in customized retirement plan design and administration. Since we do not sell product, we work with a variety of investment advisors across numerous investment platforms. Our focus is providing the optimal plan design, leaving the investment advice to the professionals you trust.
As a business owner, you may be considering starting or enhancing a retirement plan for a variety of reasons: providing employee benefit packages; tax or estate planning for yourself; or as a means to supplement the already shaky state of Social Security benefits. With the ever growing complexity of the regulations, you should not go it alone. That is where a Third Party Administrator (TPA) can help you.
As a TPA for nearly 25 years, Wells Thomas, LLC has assisted numerous companies such as yours over the years, tailoring each plan to suit the needs of each client. Once your plan is established, we provide annual administration services and assistance with Department of Labor filings. In addition, as your company grows and changes, we will review your plan and help with appropriate modifications to insure that it continues to be the best plan for you.
Our initial consultation is free of charge, and our fees are individually set based upon your company's size and your plan design, ensuring that the plan cost does not outweigh the benefit.
PLAN DESIGN, DOCUMENATION AND INSTALLATION
Our technical and administrative staff will work with you and your advisors to inform you of the plan design alternatives which will allow your plan to meet your expectations and objectives. Because your company is unique, your retirement plan should be as well. Rather than making your needs conform to a standard plan design, we will create a plan with the options and provisions that best meet your needs.
ANNUAL ADMINISTRATION RECORDKEEPING, REPORTING AND COMPLIANCE
A successful retirement plan is dependent upon the day-to-day administration and recordkeeping services you receive. Wells Thomas, LLC is committed to a hands-on approach, providing you complete services, including:
- A direct contact to answer any questions or consult on issues concerning your plan
- Periodic Valuation Reports (annually, semi-annually or quarterly)
- Annual compliance testing and contribution allocations
- Preparation and submission of government filings required annually
PARTICIPANT COMMUNICATION AND EDUCATION
We typically hold periodic meetings with your employees to explain the plan. Descriptive materials and the summary plan description are distributed to all of your employees as a means to help them understand the importance of saving for retirement and how the plan you offer can help them do so.
A "PAPERLESS" WORKFLOW
Wells Thomas, LLC offers the option of electronic transfer of plan administrative data, which can greatly reduce your time spent on the completion of data requests and payroll submissions. We work closely with you to make this process efficient and timely.