Colorado Benefits Outsourcing offers quality, affordable administration services without the expenses of hiring employees, additional software, hardware, or expanding your space. Services are provided by “The Benefits Team”. The Benefits Team will provide your firm with complete administration and customer service for you and your clients.

Client Communication
We can communicate with your plans, or just internally with your staff. In any case, we will communicate as part of your organization. We guarantee excellent customer service, and immediate response.

Participant Services & Communication
We offer consulting and assistance to plan participants. We will assist participants while enrolling, changing or distributing their assets from a plan.

Data Entry
We do not require electronic data feeds. Although we do find it preferable, we accept manual data, excel spreadsheets or our completed forms.

Contribution Calculations
We offer calculation illustrations up to 2x per year without additional charges. However, we turn around deductible contribution reports and allocation within a few business days so that your clients can move ahead with tax preparation.

Government Forms
We will provide all EFAST2 submissions and can sign them as well if preferred by the client. 

Testing
All testing is completed and corrected as needed. We explain all testing results and any corrections that may be needed, timely and accurately. 

Recordkeeping & Trust Accounting
We provide accounting and recordkeeping on all asset types. 

Plan Level Reporting
Annual or Quarterly plan reports are available 

Participant Reports
Annual or Quarterly participant certificates are available. The Benefits Team also has a daily valuation platform available. Please see 401KComplete on our website for more information. 

Distributions and withholding (including 1099R, 1096 and 945)
We will review and process all distributions and communicate with the plan participant during the ongoing process. 

Loan Processing
We will determine the amounts available for loan applications, approve applications, provide forms and amortization schedules as well as annual administration. 

Plan Terminations
We will consult with you on the termination process and timeline and move the plan through all required steps in order to terminate the plan and remain in compliance. 

Plan Documents
We provide you with document service, amendments, restatements etc. 

IRS Submissions 

PBGC filings

The Benefits Team provides service on 401K, Profit Sharing, Money Purchase, 403b, 457, 412i, Defined Benefit, Cash Balance and Section 125 Plans. Call us today to see how the Benefits Team can help you do more.