Business Details
Your Trusted Partner for Retirement Plan Administration Solutions
Mrp Plans is a full-service Third Party Administration firm dedicated to simplifying retirement plan management for businesses. We specialize in Qualified Plan Design, Actuarial Calculations, Compliance Testing, and Annual Administration services for 401(k), 403(b), Profit Sharing, Money Purchase, and Defined Benefit plans. Our team of administrators brings over 25 years of combined experience and industry certifications to deliver cost-effective, customized solutions tailored to corporate retirement objectives.Headquartered in New Jersey with offices in Florida and Texas, we serve clients nationwide, prioritizing individualized attention and proactive compliance support. Our focus on small businesses ensures competitive pricing without compromising service quality, regularly taking over plans from providers offering inadequate support. We emphasize ongoing plan reviews, law change monitoring, and strategic redesign recommendations to maintain alignment with employer and employee needs.
Services
Qualified Plan Design
Actuarial Calculations
Compliance Testing
Annual Administration
Document Services
Distribution Processing
Non-Discrimination Testing
IRS Submission Forms
Highlights and features
- Our administrators have over 25 years of retirement industry experience
- We provide customized solutions for qualified retirement plan compliance
- Competitive pricing with superior service compared to large payroll providers
- Proactive plan reviews and regulatory change monitoring included
- Specialized support for small businesses with individualized attention
Services
Qualified Plan Design
We create customized retirement plan structures tailored to business needs. Our experts analyze employer objectives to recommend optimal 401(k), profit sharing, or defined benefit plans. Services include ongoing redesign recommendations to maintain compliance with evolving regulations and business goals.
Compliance Testing
Our team conducts annual non-discrimination tests and prepares required IRS submissions. We ensure plans meet current regulatory standards while providing detailed reports and corrective action recommendations. Services include 5500 series tax returns and summary annual reports.
Annual Administration
We handle year-end reporting, participant statements, and census data management. Our services include balance statements, income statements, and distribution processing. We simplify ongoing compliance through automated reporting and expert documentation preparation.
Document Services
We prepare comprehensive plan documents, trust agreements, and summary plan descriptions. Our services include funding policy development, QDRO procedures, and beneficiary designations. We ensure all documentation aligns with current IRS requirements and business objectives.
Consulting Services
Our experts provide specialized analysis for plan optimization. Services include hardship rule navigation, fiduciary guidance, and compliance testing strategies. We help businesses maximize tax benefits while maintaining regulatory compliance through tailored consulting solutions.
Questions
Is my retirement plan healthy?
Retirement plans should be reviewed every 3-5 years to ensure they meet employer and employee needs. Contact us for a comprehensive plan review.
How can a retirement plan benefit my business?
Custom-designed plans improve employee benefits, achieve tax objectives, and support owners' financial goals through strategic plan management.
Who should have a retirement plan?
We service employers of all sizes, specializing in making small plans (including single-participant plans) effective and compliant.
What type of plan should I have?
We help select appropriate plans based on business needs. Contact us for detailed information or a customized proposal.
How do you handle compliance changes?
We proactively monitor law changes and recommend plan amendments to maintain ongoing compliance with regulatory requirements.
