Services

​Blue Ridge ESOP Associates can provide everything you need to administer your ESOP, 401(k)  or combination ESOP/401(k) plan.  Our full service outsourcing,  which can include participant on-line services, provides worry-free  assistance for your HR or Benefits staff, leaving them free to concentrate  on other responsibilities.

Our 401(k) administrator is absolutely phenomenal. She has done a great job and was incredibly efficient and very proactive on getting questions answered. The audit this year was painless because of her diligence along with the BREA team.

Mary Dillon, Craig Technologies.

Full Service 401k Administration

401k Admin
401k Admin
We offer a comprehensive range of 401(k) services – from design to installation to recordkeeping, administration and consulting. We can help you customize a plan that meets the needs of your company and your participants.

While we can provide the typical 401(k) services offered by many third party administrators, what sets us apart are a consultative approach to plan services and our holistic approach to administration of multiple plans. When you provide more than one qualified plan to your employees, plan administration should be done in harmony. The delivery of compliance services should be seamless. Our process ensures that one validated census is used for compliance testing, including the tests that apply to your separate plans and those that apply to your retirement plans as a whole. If tests fail, we explain why and look for ways to improve test results.We deliver reports but we also explain them and offer objective recommendations.We’re happy to share our recommendations or information you authorize with your financial advisors or accountants.

With respect to daily record keeping, we work with many platforms, including those that offer open architecture and access to thousands of mutual funds and many fund families. We coordinate the delivery of all services and ensure that participant vesting and other records are kept up to date and ensure that all loans and distributions are processed properly. Our flexibility in working with many recordkeeping platforms lets us offer the right solution for the customer with no proprietary fund constraints for participants. As an independent firm, we have no asset-based charges and all fees are fully disclosed.

Integrated Solutions

A dedicated team of ESOP and 401(k) specialists provides a coordinated approach to the delivery of services for both plan

401(k) Administration

Our knowledgeable and qualified staff performs all the required compliance for your 401(k) plan in a timely manner. Plan Administration includes (but is not limited to) the following services:

Participant Record Keeping

For balance forward plans, Blue Ridge offers an integrated, secure participant recordkeeping and trust accounting system. For daily valued plans, Blue Ridge works with select alliance partners to deliver participant recordkeeping. Blue Ridge provides trust reconciliation services and coordinates the delivery of daily recordkeeping services. Participant Recordkeeping includes (yet not limited) to the following timely, accurate and quality services:

Plan Cost

Successful business relationships are built on understanding and trust. Blue Ridge ESOP Associates can assist your role as plan sponsor and fiduciary by providing:

We welcome the opportunity to meet with you and discuss your retirement plan needs. Contact Us.