NextStep Defined Contribution, Inc. (NextStep), an independent provider of 401(k) recordkeeping and administrative services, recently purchased certain assets of BenefitStreet, Inc. In addition, NextStep entered into an arrangement with BenefitStreet to ensure the seamless continuation of its operations as well as the ongoing administration of all 401(k) and other defined contribution accounts on the platform. The transaction was completed on Thursday, April 9, and BenefitStreet ceased active operations on Monday, April 13.

The impact of this transition on you – whether you’re a plan participant, plan sponsor, advisor or TPA – is minimal. In fact, aside from certain web users seeing NextStep branding instead of BenefitStreet branding, your website experience will remain unchanged.

To proceed to the NextStep website, click here.

If you have additional questions or concerns about the transition, feel free to contact a NextStep representative by calling 888-913-3600 (M-F, 8:30am-5:00pm Pacific Time) or sending an email to transitioninfo@nextstepdc.com.

Important:

If you are a shareholder of BenefitStreet, or would like more information on the BenefitStreet organization, please contact Nicolas Hernandez of Sherwood Partners, LLC, at 650-454-8037.