MVP Plan Administrators, Inc.

Description

Consulting We always provide up-front and ongoing plan design reviews to determine the best way for the plan sponsor to achieve their objectives. Whether the plan sponsor is a doctor with a small practice wishing to maximize his benefits for the least funding cost or a large manufacturing company trying to find the best way to pass the required non-discrimination tests, we specialize in developing a plan design to fit the needs of the client – not the other way around. Best of all, we do NOT charge separately for plan consultation – it’s part of our service! Since MVP was founded in 2001 and long before DOL mandates, we always believed in full fee disclosure. Our ongoing record-keeping/administration fees are simply based upon a range of employees of the plan sponsor. Our relationships with custodians allow for expense offsets (“revenue sharing”), where available, to be used to reduce our already existing fees. This approach often leads to 10bps – 40bps in fee reductions, often eliminating the entire cost of our services! Some advisors prefer to use only low expense funds like DFA and Vanguard that have no 12(b)(1) or sub-T/A fees to use as offsets.

What sets your company apart from your competitors? Your company is unique because of the people you hire and the service you provide. We know you take pride in what you give your clients. So does MVP Plan Administrators. Your company isn't like everyone else's, so why should your retirement plan be? MVP Plan Administrators' primary edge is that we do NOT sell investment product. We can assist and offer advice related to investment product. However, we do not profit in any way from the investments offered. Additionally, MVP Plan Administrators has an "All-Inclusive" fee schedule. We charge a flat fee for service. No more guess work in what you are paying for services! MVP views your company uniquely. We customize the design of your retirement plan to your company. Let us show you how to maximize benefits in your retirement plan for minimal costs. We can design retirement plans that allow you to defer income you didn't think was possible!.

Record-keeping For 60% of our clients we provide open-architecture daily valuation record-keeping. While most of our clients are located in the southeast, we have a number of clients in states such as New York, Pennsylvania, and California. We partner with advisors, whether RIAs or brokers , who provide the advisory services with custodians like Charles Schwab, TD Ameritrade, Fidelity, and Matrix. Even though we are independent of the investments and the custodian, our relationships and knowledge of the industry allow us to work with any custodian. TPA Services Our services cover all aspects of administration; including trust reconciliations, compliance testing, and completion of required filings like the IRS Form 5500. We partner with you to provide TPA only services for clients who work with custodians such as Transamerica, Lincoln, John Hancock, American Funds, and many others. If the plan has trustee-directed assets and is only administered annually, we work with you to accommodate that as well. Each scenario is covered under our fee schedule to offer a fair and reasonable fee for the service provided.

Provide daily valuation record-keeping in an open-architecture environment with multiple platforms Provide administration (TPA services) by partnering with trust and insurance companies Provide plan document services Provide consultation on plan design to accomplish what the plan sponsor needs Work in the best interest of our client plan sponsors, their plan participants, and their advisors Provide our services independent of the investments you choose. What that means is that MVP does not compete for investments. We help our clients understand their fiduciary responsibilities Provide you with resources and information (solutions) to help: You serve your clients The plan sponsor satisfy their fiduciary duties The plan participants understand the importance of retirement savings We are in the business of making sure our advisor clients remain our advisor clients. We provide immediate responses to our clients with our focus on a high level of service. About 95% of the plans we administer are 401(k) plans with the remaining few as Defined Benefit plans, 403(b)s, 457s and ESOPs.

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