National Benefit Services LLC

Firm Profile

FIRM PROFILE
National Benefit Services (NBS) provides retirement and flexible benefit administration to over 20,000 employers nationwide and has grown to become a national name in thirdparty benefit administration for more than 30 years. We’re passionate about the services we provide and genuinely care about the people we serve. With a firm commitment to teamwork, collaboration, communication and support, our goal is to flawlessly deliver the benefits to benefit plans.

KEY CONTACTS
Barry McCann, (801) 532-4000 x129,
barrym@nbsbenefits.com
Eric Thorne, 801-532-4000 x118
WEBSITE nbsbenefits.com
ESTABLISHED 1985

STATE(S) WHERE WE HAVE A PHYSICAL PRESENCE
Utah

SPONSORED PLANS SUPPORTED
20,000

TOTAL ASSET VALUE OF THE EMPLOYMENT BASED PLANS SUPPORTED
As of 06/30/16 $2.223 B
As of 12/31/15 $2.125 B

PARTICIPANTS COVERED BY THE EMPLOYMENT BASED PLANS SUPPORTED
As of 06/30/16 127,711
As of 12/31/15 127,598

TARGET MARKET(S)
Insurance brokers and financial advisors as well as PEO’s. All companies from small privately held to large for profit and non-profit/governmental entities.

KINDS OF PLAN(S) SUPPORTED
401(k), Traditional defined benefit, Profit-sharing, Money purchase pension, 403(b), 457, Non-qualified deferred compensation, other DC plans, Multiple Employer Plans

CUSTODIAN(S) USED
NBS is an independant TPA and we can work with all custodians.

FEE STRUCTURE
Per participant fee, Asset-based

SERVICE(S) PROVIDED
Compliance support, Preparation of loan paperwork, Processing of loan applications, Non-discrimination testing, Plan design consulting, Plan audit support, Actuarial calculations & support, Form 5500 preparation, QDRO review, Hardship distribution requests, Plan committee meetings, Employee Education, Enrollment Meeting Support, Call center, Common Remitter, Payroll Aggregation