2018 Elective deferral limit is $18,500. 2018 Catch-Up contribution is $6,000.
Before January 1984, there were no local firms specializing in third-party administration -- only firms that also wanted to sell you investment products as part of a "package," which is not always bad, but it doesn't offer much in the way of choice. Married with two young children and another soon on the way, Billings started what was then known as R.L. Billings & Co., with 30 clients and little money in the bank.
Billings and Company, Inc., began as an aspiration of R.L. "Dick" Billings to specialize in "qualified" retirement plans when, at the time, there was very little flexibility available to plan sponsors.
More than 30 years later, the company now boasts a coverage field of 34 states and more than 450 plans that have one to several thousand employees. Also, R.L. Billings & Co.'s name has changed to Billings and Company, Inc., reflecting the fact that the whole Billings family has been involved and that the thriving business allows it to grow in employees and locations.
The business focuses on specialized service in a field that is more important than ever due to economic uncertainty. Billings and Company's employees strive to give responsive, innovative and personalized advice and service in the qualified retirement plan and related employee benefits areas to employers, as well as to the plan sponsor's employees.