mapbenefits™ provides access to a detailed support site that outlines the “how to” of administrating a non-qualified plan. This site contains screen shots with detailed explanations and help videos.
mapbenefits™ has an experienced team of professionals that can assist with platform functionality and administrative responsibilities including plan onboarding, enrollment set up and ongoing services including the generation of monthly accounting and participant statements.
mapbenefits™ offers the opportunity for one to obtain an education focused on non-qualified plans. Areas of study include deferred compensation plans, plan design options, IRC 409A, plan funding, plan security, plan implementation and plan administration.
mapbenefits™ provides an enrollment platform that allows for concurrent enrollments of multiple plans. The enrollment platform can be customizable based on forms of deferral, participation requirements, deferral limits, and a variety of payout options.
mapbenefits™ can provide value and guidance in all aspects of deferred compensation plans including the following:
Plan Positioning and Value Add
Plan Funding Options and Analysis
Fund Due Diligence
Plan Audit and Evaluation
Executive and Board of Director Communication
Plan Transition Services
mapbenefits™ can work with you on any aspect of transitioning an existing plan to the mapbenefits platform. Consulting services can include the requirements and data needed from an existing administrator, plan set up and 409A compliance. Also, we can work with you as a natural extension of your team and communicate directly with the client and/or the current plan administrator as desired.
Plan Design AI
mapbenefits™ has developed the first and only artificial intelligence (AI) for non-qualified plans called MARLA. The AI is built around 409A and is meant to provide intelligence around opportunities to enhance the design of a plan and provide more value to both the plan participants and the company. Our “snowflake” approach to characterizing a plan design is composed to 5 core elements; plan deferrals, plan funding, plan security, plan payouts and plan administration.