Dynamic Pension Services, Inc. is a full service retirement plan administration firm. Our specialty is Defined Contribution plan administration with a major emphasis in 401(k) plans. We offer a "personal touch" way of doing business through our "Pensions Made Easy" administrative services business model.
Dynamic Pension Services, commonly known as DPS, offers unparalleled service with their proprietary online distribution request system. This system allows either the employer or any employee-participant to make plan distribution requests directly to DPS.
Dynamic Pension Services, commonly known as DPS, offers unparalleled service with their proprietary online distribution request system. This system allows either the employer or any employee-participant to make plan distribution requests directly to DPS.
Services
Dynamic Pension Services, Inc. is a qualified retirement plan administration firm contracted by employers to consult on and administer their plans. Founded in 1991 by Tara M. Hessert, we are an independent firm working entirely on a fee-for-services basis and do not sell any investment or insurance products.
At DPS we do things a little bit differently. In a world full of transactional based businesses we are a relationship based business - YOU are our focus. We invest a significant amount of time getting to know you and your business needs to ensure a value-added relationship for years to come. As a small business ourselves, we know that making informed decisions is a key to success.
Answer: An employee may stop contributing money from his or her pay at any time. However, the plan document determines if and when an employee is able to receive a distribution of his/her account. The most common rule is that unless death, disability, normal retirement or separation from service occurs, a distribution from an employee's account is not likely.
This service is a type of plan and participant record keeping environment that is not tied to any specific mutual fund family; rather the Employer is free to choose from many fund families (commonly called "Open Architecture").
This allows a more diverse group of fund options under a participant-directed plan, with the goal being to optimize investment performance for the participants by using the best funds available in each asset class at the lowest possible share price.DPS Easy Choice provides online access for participants to manage their accounts and plan their retirement savings.
This allows a more diverse group of fund options under a participant-directed plan, with the goal being to optimize investment performance for the participants by using the best funds available in each asset class at the lowest possible share price.DPS Easy Choice provides online access for participants to manage their accounts and plan their retirement savings.
As an employer you are the Fiduciary to your retirement plan. The definition of a Fiduciary is someone who is managing the assets of another person (your employees) and stands in a special relationship of trust, confidence and/or legal responsibility. This is not much different than the legal responsibility you have to your customers when selling your product and/or service.
Reviews (3)
Linda
Dec 07, 2017
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Naser M. Abdou
Aug 02, 2017
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I have to agree with the other user. My wife has had the unpleasant experience in dealing with them. They are slow to process anything and are unfriendly to boot. It shouldn't take 10 days to process a distribution. Unfortunately we had to request a early distribution of which my wife has to pay a 20% tax withholding on, and a processing fee from Dynamic Pensions. She simply sent an email inquiring how long the process would take, to which she received no definitive answer, she was given excuses, and to expect delays . Why is there a delay exactly? You have my wife's money, not the other way around
Angie Gibson
Jul 30, 2016
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They are slow and rude. When you question them about your account, they tend to treat you like it is an inconvience. I have never seen a more unprofessional and disfunctional group of people. I would not suggest that anyone use this company to be in control of their money. I have been waiting for 8 months for a transaction to be processed and it is almost the end of August and the second quarter results have still not been made available. HORRIBLE to deal with. I will be glad when I no longer have to deal with them.
