Financial Advisors - Types of Plans : allocated plan, traditional balance forward, daily, daily valuation, open architecture

Types of Plans

Baden Retirement Plan Services is an independent third party administrator (TPA) of tax qualified defined contribution plans that varies its services according to the type of plan that an employer (plan sponsor) chooses to install:

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Allocated Product
Traditional Balance Forward
Daily Valuation Open Architecture

Allocated Product Plans

Plan design
Department of Labor (DOL)/Internal Revenue Service (IRS) compliance
DOL government reporting
Processing
- Distributions
- Loans
- Hardship withdrawals
- Required minimum (RMD) distributions
- Qualified Domestic Relations Order (QDRO) distributions
Recordkeeping done by mutual fund company or insurance company
Participant website maintained by mutual fund company or insurance company

Traditional Balance Forward Plans

Plan design
Department of Labor (DOL)/Internal Revenue Service (IRS) compliance
DOL government reporting
Processing
- Distributions
- Loans
- Hardship withdrawals
- Required minimum (RMD) distributions
- Qualified Domestic Relations Order (QDRO) distributions
Preparation of Participant Statements
Non-daily recordkeeping done by Baden Retirement Plan Services

Daily Valuation/Open Architecture

Plan design
Department of Labor (DOL)/Internal Revenue Service (IRS) compliance
DOL government reporting
- Processing
- Distributions
- Loans
- Hardship withdrawals
- Required minimum (RMD) distributions
- Qualified Domestic Relations Order (QDRO) distributions
Preparation of participant statements
Daily recordkeeping done by Baden Retirement Plan Services
Support of and access to the Baden Retirement Plan Services Participant and Plan Sponsor website

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