Benefit Services Group, Inc.
Financial ServicesIllinois, United States11-50 Employees
Benefit Services Group, Inc. is a retirement plan third-party administrator in the financial services sector, based in Chicago, Illinois. It assists employers in keeping retirement plans compliant with Department of Labor and IRS regulations, handling tasks such as annual 5500 filings, compliance testing, and calculations for profit sharing and matching contributions. The company also reviews allocation formulas, supports plan design decisions, creates and maintains plan documents, and provides annual notice preparation and ongoing sponsor support within a paperless administration framework. Operations rely on an internet-based platform to manage qualified plans, enabling flexible, customized retirement programs and a high standard of administrative service. The firm employs consultants with substantial industry experience, ranging from eight to forty years. In October 2019, the company announced the appointment of Mike Johnson as Employee Benefit Practice Lead.