Find out if you’re eligible to receive the new Employee Retention Credit that gives you an average of $10,000 per employee


Administration of a company’s benefit plan can involve complex, time-consuming tasks. Employees expect current, accurate account detail and access to benefit plan information. Most companies do not have the staff with either the specialized training or time available to properly administer a plan. We are a trusted benefits outsourcing partner and our role is to provide the support the company’s finance, human resources and payroll departments need.

Our objective is to act as an extension of the company’s staff. This, of course, allows them to maintain focus and direct their energies into the company. NPPS administrators understand the company’s plan and handle all aspects of its administration. Our administrators are proficient in the use of our proprietary administration system and can answer complex plan questions for the company and its employees.

In general, our administrative services, including deferral plans, include the following:

  • Plan, Participant and Policy Reporting (annual, quarterly and monthly depending on type of Plan and Policy)
  • Employee benefit calculations and statements
  • Accounting, Cash Flow and Funding analyses
  • Recordkeeping system, which includes a complete account history (transactions, deferrals, earnings, etc.)
  • Current asset allocation schedule for deferrals
  • Asset allocation comparison (Deferral Plan vs. Company Informal Funding) and asset valuation reports
  • Financial benchmark reporting
  • Liaison to funding providers and interface with the plan trustee
  • Training of company’s staff
  • Monitor application of monies
  • Legislative updates

Our administrative services for financial institutions include the following:

  • Assistance with the analysis of the risks associated with establishing or maintaining a BOLI or CUOLI program
  • Pre-purchase analysis
  • Post-purchase analysis includes ongoing review of the items done during pre-purchase analysis
  • Monthly reports (cash value and monitoring of performance)
  • Quarterly review of carrier ratings and ongoing monitoring of its financial profile
  • Social Security sweeps to track deaths of retired and terminated insureds
  • Monitoring of changes in tax law and regulation
  • Ongoing consulting regarding types of products, risks and product charges and features
  • Review of risk weights assigned to BOLI and CUOLI products