With over 80 years of combined team experience, Blue Chip Retirement has what others don't: the trust factor.
What is the trust factor?
There are many facets to a defined contribution retirement plan and you need to be able to depend on a Third Party Administration firm that not only knows how they work and that can answer your questions on technical issues, but that also knows how to communicate those things to you in understandable terms. Integrity and attention to detail are embedded in our daily tasks so that our customers have the utmost confidence placing their retirement plan in our hands.
We're located in the historic Summit Place building in downtown West Allis
Recent News
November 2011 - Blue Chip Retirement Plans, Inc. welcomes Jacquelyn Cooper as a Compliance Consultant. Jackie brings with her over 15 years experience in corporate retirement plan administration, including employment with Administrative Management Group, American Express Tax and Business Services and Lincoln Financial Group. Welcome to our team Jackie!
Fee Disclosure
ERISA 408(b)(2) Disclosure Deadline
The effective date of the 408(b)(2) regulation has been delayed until April 1, 2012. In July 2010 the DOL issued interim final regulations that established an effective date of July 16, 2011, for compliance with the 408(b)(2) regulations. In February 2011, the DOL announced its intent to extend the July 16, 2011 deadline, and in June 2011 the DOL issued proposed rules that would extend the deadline until January 1, 2012.
The soon to be released final 408(b)(2) regulation will require certain “covered service providers” to disclose information regarding their fees. The disclosure is designed to assist plan fiduciaries in assessing the reasonableness of contracts or arrangements, including the reasonableness of their service providers’ compensation and any potential conflicts of interest which may affect their service providers’ performance.
ERISA 404(a) Participant Disclosure Rule Deadline
The final regulation also extends the transition rule for plan sponsors to comply with the new participant-level disclosure requirements under ERISA 404(a)(5). The 404(a) rules apply to plan years beginning after October 31, 2011; however, this final regulation extends the deadline for plans to provide the required participant-level disclosures. The extension requires compliance sixty days after the later of the first plan year beginning on or after November 1, 2011 or the effective date of the final 408(b)(2) regulations (April 1, 2012). This translates into a May 31, 2012 deadline for a calendar year plan.
The final regulation requires quarterly fee disclosures to be provided no later than 45 days after the initial fee participant-level disclosure deadline. This means that a calendar year plan must issue its first quarterly disclosure to participants not later than August 14, 2012.
6737 West Washington Street
Suite 1105
Milwaukee, WI 53214
(414) 545-0085
E-Mail: retire@bluechiprps.com
Blue Chip Services
401(k) Administration
We specialize in providing high-quality retirement plan administration for companies of just about any size. Our services are designed to keep costs reasonable without sacrificing service or quality.
Plan Design
401(k) and profit sharing plans can be rewarding for both the employer and employees when properly designed and administered. From our years of experience, we have found that no two plans are exactly alike. Our team can provide an unbiased analysis for your retirement plan with no cost for initial consulting.
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