Frequently Asked Questions
Who is
Life, Inc.
What's our role?
Life, Inc. functions as the principal retirement plan administrator, managing all aspects of compliance, filings, and administrative duties so you can focus on running your business. Our commitment to independence ensures flexibility in choosing platforms that best serve our clients' varying needs.
What makes us different?
We build all of our plans from scratch. Not all businesses are built the same, nor should your retirement plan. Our experts will help you design a plan that fits your needs, not everyone elses.
How does being independent help me?
Our autonomy is a key advantage for your business. Different record-keeping platforms cater to specific niches—some prefer larger assets, others focus on employee numbers, while others favor startups. Our independence means we can adapt as your business evolves, helping to manage and control costs effectively.
What types of businesses to you work with?
We serve a diverse range of businesses, from sole proprietors to medium sized enterprises with thousands of employees.
Our services are tailored to meet various needs, from business owners looking to maximize contributions and tax savings to companies aiming to enhance recruitment and retention with a robust plan. We're here to create a plan that aligns with your specific business objectives.
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Our Most Asked Questions
Who is Life, Inc. Retirement Services?
Life, Inc. is an independent, full service retirement plan firm. We create and manage 401(k)s and other types of retirement plans for small and medium sized business throughout the country.
Our headquarters are out of Columbus, Ohio, and offer services throughout the United States both digitally and in person.
What services do you offer?
We have a bundled approach to our services.
We handle the administration, compliance and fiduciary investment services for our clients. This means you’ll have a dedicated representative handling your entire account from start to finish and everywhere in between.
This means no call centers or third parties that create a bottleneck with communication.
Here are the roles we take in a retirement plan.
What kind of retirement plan should I choose?
The answer to this question lies in what your goals are as the employer.
Generally, plans are started for the purpose of recruiting and retaining quality employees, or to assist the employer in tax savings and contributing substantially towards retirement. And sometimes, it’s both.
Either way, there are great solutions to every goal. You can either consult one of our 401(k) experts, or check out the Retirement Plan Evaluator, which is a free tool that helps point you in the right direction.
Do you offer payroll integration?
Yes. Integration is common these days and is easy to connect your payroll to your retirement benefits. The core of integration lies with your payroll partner and who they integrate with.
We can help guide you through the integration process to allow for a more streamlined experience.
How much can I contribute as a business owner?
As a business owner, you have several options to choose from to save towards retirement and save money on taxes.
All or our clients have access to expert advice that gives you the knowledge on how to maximize your contributions and the guidelines around those contrubutions.
Do I need to offer a match to my employees?
That all depends on what your goals are. If you’re trying to maximize your contributions, most likely yes.
If you’re looking to simply offer a benefit to your employees in order to recruite and retain employees, then you might not have to. We have multiple solutions that allow you to create the plan that makes sense for your company. You’re not held to a “one-size fits all” plan type.
The Retirement Plan Evaluator only takes about 30 seconds and can point you towards which plans work best for your goals. And as always, feel free to reach out to one of our experts.
What if I own multiple businesses?
Many of our clients own several businesses.
Sometimes, regulations require you to offer a plan to all your companies. Consult with one of our experts to see if your businesses fall into this category.