Modern Retirement Experts. Modern Solutions.
We offer innovative 401(k) and 403(b) plan design, plan administration & IRS/DOL compliance for businesses and nonprofits.
What We Do
Our Retirement Plan Experts are poised to provide your organization with the help you need—from innovative plan creation to government reporting requirements to audits and administration. Our team has the expertise to answer all of your retirement plan and tax-related questions.
Our Mission
NESA 401(k) and 403(b) Experts engage in three core missions: Empowering our plan sponsor clients with knowledge and timely information; helping fulfill fiduciary duties and government compliance; and minimizing administrative burden.
Every day, we come to work with this unwavering focus. We bring an unmatched commitment to help our clients succeed, and it’s that sense of purpose and opportunity to make a difference in solving retirement plan complexities and helping individuals prepare for a brighter financial future that drives us day in, day out.
How Our Compliance & Consulting Service Works
We make the process simple and smooth. It's as easy as 1-2-3.
1
We get you set up
We get to know your business or organization, design or re-design your plan, show how NESA works, and gather everything we need from you.
2
We do the heavy lifting for you
We manage day-to-day operations of your plan and provide ongoing consulting, so you can focus on what matters most.
3
We deliver your annual package
Each year we perform the required non-discrimination testing, prepare government forms, and deliver the annual administration package "signature-ready."
Our Clients Are Everything
We greatly appreciate NESA’s expertise, creativity and guidance. My organization haven’t looked back since we started working with NESA! True retirement plan experts. Mizan and his team always go above and beyond. We are a very happy client.
Christina Wu, Director of Finance
Society of St. Vincent de Paul
The start-up process was a breeze, and I can count on NESA to work collaboratively with me to find quick and creative solutions whenever I need their assistance. I can relax knowing that our retirement plan is managed by Mizan and his team. I give them my highest recommendation!
Talia Emery, President
BeAlluring Remedy Skin + Body
In Case You Missed Anything
A retirement plan specialist plays a pivotal role in ensuring the smooth operation and compliance of your retirement plan, safeguarding its success and protecting against potential pitfalls. With a keen focus on ongoing monitoring, maintenance, and adherence to government regulations, we serve as a crucial ally in navigating the complex landscape of retirement planning. Here’s how we add value:
1. Strategic Plan Design: Tailoring a retirement plan to align with your organization’s goals and objectives, ensuring it meets the unique needs of your workforce.
2. Comprehensive Compliance: Conducting essential nondiscrimination testing and meticulously preparing required government forms such as the IRS Form 5500 annual return/report to fulfill regulatory obligations.
3. Regulatory Vigilance: Keeping your plan abreast of evolving rules and regulations, proactively adapting its structure to remain compliant in a constantly changing regulatory environment.
4. Holistic Support: Offering a suite of services beyond the essentials, catering to diverse needs and challenges that may arise, providing peace of mind to employers and plan sponsors.
At NESA Plan Consultants, we recognize that managing an employee retirement plan can be daunting. We specialize in efficiently and cost-effectively addressing these complexities, allowing you to focus on your core business objectives without the burden of intricate retirement plan administration.
What We Do Not Do:
• Brokerage or Financial Advisory Services: We do not engage in selling insurance or offering financial advice.
• CPA Services: While we are not CPAs, we work collaboratively with your financial adviser or CPA to optimize your retirement plan.
• Legal Representation: We are not ERISA attorneys, but we closely coordinate with legal experts to ensure comprehensive support for your retirement plan needs.
401(k) and 403(b) are a highly technical space. For example, plans are required to complete nondiscrimination testing, meet fiduciary responsibilities, and file annual government forms, among others — aspects that we specialize in. Having a Retirement Plan Expert manage these tasks can not only ensure your plan is fully compliant but it can also be cost-effective than doing the same work in-house. In short, choosing NESA means more free time to do what matters most to you.
We are students of the profession. Our staff have either earned multiple credentials from the IRS and American Society of Pension Professionals (ASPPA) or are currently working toward earning their credentials. We are one of the only few in the country to have the ERPA designation from the IRS which allows us to talk to or represent our clients in front of the IRS and DOL. Current credentials include:
- Enrolled Retirement Plan Agent (ERPA): Provided by the IRS, allows us to represent our clients in front IRS or DOL.
- Qualified Pension Administrator (QPA): Provided by ASPPA, shows general expertise with retirement plans.
- Qualified 401(k) Administrator (QKA): Provided by ASPPA, shows expertise with 401(k) plans.
- Tax-Exempt & Governmental Plan Consultant (TGPC): Provided by ASPPA, shows expertise in nonprofit space, such as 403(b) and 457(b) plans.
You bet! We prepare your signature-ready Form 5500. Additionally, NESA Plan Consultants will submit/file the forms with the DOL on your behalf. We also prepare the Summary Annual Report for each client. This service is included in our annual fee.
Offering a retirement plan can be a win-win for both business and organizations and their employees. Research shows that when employees feel they are on track for a meaningful financial future, they have greater job satisfaction and loyalty to their organization. And for employers offering a 401(k) or 403(b) has shown to help attract and retain talent. Businesses starting a new plan are eligible for tax credits and those providing matching contributions are also eligible for tax deductions. Win-win for everyone involved, wouldn’t you agree?
Currently, employers with less than 100 employees may be eligible for a three-year start-up tax credit of up to 50 percent of administrative costs, with an annual limit of $5,000. SECURE 2.0 increases this credit to 100 percent of qualified start-up costs for employers with up to 50 employees. An additional credit of up to $1,000 per employee for eligible employer contributions may apply to employers with up to 50 employees, but phases out from 51 to 100 employees.
Most popular type of plan among businesses that has been adopted as a retirement plan for American workers. Helps attract highly qualified workers, including reduced turnover, increased productivity and job satisfaction.
The go-to plan for tax-exempt organizations that functions much like a 401(k) plan. Helps recruit and retain top talent. Employees can make contributions and employers may make matching or nonelective contributions.
An excellent companion to a 403(b) plan, this plan allows certain key employees to put away money tax-free. Employer can, but not required to, make contributions. Limit does not count toward other retirement plan contributions.
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