Services

Defined Contribution Recordkeeping

NextStep is focused exclusively on providing comprehensive, daily valuation recordkeeping services for 401(k) and other defined contribution plans.

Our offering includes a suite of tools and resources for advisors, TPAs, plan sponsors and plan participants, that includes:

• Account access via the web 24 hours a day, seven days a week
• Daily account valuation and transaction capabilities
• Detailed online reporting
• Account management and modeling tools
• Toll-free client/participant support

Through our partnership with SunGard/Relius - one of the world's leading software and IT services companies - we deliver leading edge technology that helps advisors, TPAs and plan sponsors simplify their workload and enhance the value they provide. Today, SunGard systems process over 30 million retirement accounts, and the Relius ASP platform serves more than 1 million retirement plan participants. Which means that, as a NextStep partner or client, you get the very best the industry has to offer in terms of security, stability, compliance, functionality and content.

Third Party Administration

When it comes to third party administration, NextStep offers a flexible approach to suit each unique situation.

We understand that, in many cases, advisors and/or plan sponsors prefer to work with an independent TPA that's based locally. It's an approach that we fully support. In fact, NextStep is interested in partnering with local and regional TPAs across the U.S. in order to provide coordinated services for plan sponsor clients.

In addition, NextStep also has the ability to provide bundled TPA services, including loan and distribution processing, plan document preparation, and Form 5500 reporting.