Detailed Company Profile
NextStep Defined Contribution, Inc. (NextStep) is an independent provider of recordkeeping and administrative services for 401(k) and other defined contribution plans. Founded by industry thought leader, Jerry Bramlett, the Company offers an innovative and comprehensive retirement solution for advisors, TPAs, plan sponsors and plan participants.
As an organization, NextStep’s independence, flexibility and "advisor-friendly" business model – along with its focus on low-cost, transparent investment vehicles and its ability to provide access to institutional class funds, a broad array of index and enhanced index funds, and exchange traded funds (ETFs) – make it an appealing choice for advisors and TPAs in need of a sensible, prudent and compliant solution for their clients.
NextStep distributes its services and solutions through RIAs, TPAs, broker/dealers, CPAs and other third parties. In addition, the Company has established partnerships with some of the industry’s largest and most respected advisor networks, including iShares, Dimensional Fund Advisors, Edelman Financial, Buckingham Asset Management, and Commonwealth Financial. Today, NextStep partners directly with nearly 350 advisors and over 200 TPAs in servicing over 1,200 mutual plan sponsor clients across the country.
NextStep is a member of the Council of Independent 401(k) Recordkeepers (CIKR), an affiliate organization of the American Society of Pension Professionals & Actuaries (ASPPA). The Company is located east of San Francisco in the Bay Area of Northern California.
Are You Ready to Take the NextStep in 401(k) Solutions?
When it comes to selecting a DC recordkeeping and solutions partner, NextStep is an appealing, sensible and prudent choice for advisors, TPAs and plan sponsors. Here’s why:
- We’re independent
- We have a national presence
- We’re advisor-centric
- We’re TPA-friendly
- We offer a “zero alpha” solution
- We use leading-edge technology
- We offer a “true open architecture” platform
- We provide key tools and resources
- We deliver quality customer service and support
Defined Contribution Recordkeeping
NextStep provides comprehensive, daily valuation recordkeeping services for 401(k) and other defined contribution plans.
Our offering includes a suite of tools and resources for advisors, TPAs, plan sponsors and plan participants, that includes:
- Account access via the web 24 hours a day, seven days a week
- Daily account valuation and transaction capabilities
- Detailed online reporting
- Account management and modeling tools
- Toll-free client/participant support
Through our partnership with SunGard/Relius - one of the world's leading software and IT services companies - we deliver leading edge technology that helps advisors, TPAs and plan sponsors simplify their workload and enhance the value they provide. Today, SunGard systems process over 30 million retirement accounts, and the Relius ASP platform serves more than 1 million retirement plan participants. Which means that, as a NextStep partner or client, you get the very best the industry has to offer in terms of security, stability, compliance, functionality and content.
Third Party Administration
When it comes to third party administration, NextStep offers a flexible approach to suit each unique situation.
We understand that, in many cases, advisors and/or plan sponsors prefer to work with an independent TPA that's based locally. It's an approach that we fully support. In addition, NextStep also has the ability to provide bundled TPA services, including loan and distribution processing, plan document preparation, and Form 5500 reporting.
Sales / Support Ken Weida Vice President, Marketing (w) 925-328-4448 (m) 925-413-5492 (e) bill.cummings@nextstepdc.com ETF 401(k) Solution (Zero Alpha DC) Need a Proposal? Executive Bios
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