Third Party Retirement Plan Administrators & Consulting Services

Third Party Retirement plan AdministratorsPrenger & Profitt is a third party retirement plan administrator service. We make retirement planning easier, straightforward, efficient and financially beneficial. We specialize in retirement plan design and compliance. At Prenger & Profitt, LLC, our mission is to advise and guide you through – not sell. In fact, because we do not sell investment products, we provide our clients a completely objective and knowledgeable view of the product market, so that you can choose an investment platform that meets the needs of your business.

Clients also benefit from our ongoing third party administration services for retirement plans. We keep you up to date on any legislative opportunities that may be beneficial to your plan. Our third party administration services will help you understand the ongoing changes with reporting requirements. We will assist you with the filing of required forms, and help you educate your employees so they see the value of and understand better their retirement plan benefits.

Our Retirement Services Include:

Plan Design, Consulting and Setup Plan Documents
Participant and Trustee Reporting Employee Meetings
Form 5500
Coverage and Compliance Testing


All Retirement Plan Types

Per Valuation
Base – $1,750*
PerParticipant – $25
Deferral Processing with the calculation of an employer matching contribution will be billed at our normal hourly rates.
Correction of a failed ADP/ACP will be billed at our normal hourly rates.

Fees will be offset by any revenue sharing received.

  • A participant is defined as any individual who has a balance in a retirement plan at any time during the valuation period
  • Additional trust accounting fees may apply if you do not have a record keeper for your plan

Our services are very comprehensive. The above work includes all data gathering; Participant, Trustee, Form 5500 (less than 100 participants) and Summary Annual Report preparation. We will review your plan frequently to be sure it is operating on compliance and at the utmost efficiency for you.

Other Retirement Plan Administration Services

Periodic Distributions (including Form 1099) – $150
Monthly Distributions (including Form 1099) – $150/yr
New Loan Fee – $150/loan
Annual Loan Administration- $100/loan
Form 5500 (over 100 participants) – $1,000
Form 5500 (under 100 participants) – $500

Special Projects and Consulting Services are available at an hourly rate.