R. P. Mills Associates, Inc, is a benefit consulting firm servicing retirement plans since 1961. Our staff specializes in providing clients with personalized services for meeting all their retirement needs. We are strictly a third-party administrator providing quality, customized retirement plans for our clients.
Our clients, large and small, corporate and noncorporate, belong to that expanding group of concerned employers who are interested in planning for the future: their personal future, their business future, and the future of their employees. Our success over the years has been due to the most complete, accurate, and personal service available, and these qualities remain our top priority.
Our clients, large and small, corporate and noncorporate, belong to that expanding group of concerned employers who are interested in planning for the future: their personal future, their business future, and the future of their employees. Our success over the years has been due to the most complete, accurate, and personal service available, and these qualities remain our top priority.
Services
R. P. Mills Associates, Inc. was formed in Allentown Pennsylvania in 1961. It was owned and operated by Robert P. Mills until his death in 1969. The company was then purchased by Charles F. Haggerty and George R. Hood who were two of his employees at the time of his death. In 1988 George retired and Charles bought his shares of stock and became the sole owner.
Barry graduated from Kutztown University with a degree of Bachelor of Science in Business Administration (BSBA) with a concentration in accounting. He is a member of the National Institute of Pension Administrators (NIPA), a member of the Plan Sponsor Council of America (PSCA), and holds a designation of Qualified Pension Administrator (QPA) since 1992 with the American Society of Pension Professionals and Actuaries (ASPPA).
A profit sharing plan is an individual account plan where benefits are dependent upon the contribution, income, expenses, and forfeitures of the plan. It is established and maintained by an employer to provide for the participation in the profits by the employees. Profits are not required to contribute and these contributions are normally discretionary.
Whether you are setting up a new retirement plan or continuing to administer a retirement plan that the company already provides, there are many options that should be considered. The plan provisions need to meet the needs of the employer and the employees. Below are the major provisions that must be considered.
We do not invest plan assets and do not act as a trustee, administrator, fiduciary, or investment manager. Any investment manager or multiple investment managers can be used to invest the plan's assets. Managed pooled funds and/or individually participant directed accounts can be used, as the trustee deems appropriate.
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Stephanie Schrader
Jan 05, 2021
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