Hessel & Associates, L.L.C.

Financial ServicesIllinois, United States2-10 Employees

Hessel & Associates, L.L.C. is a financial services firm specializing in retirement plan administration. As a full-service third-party administrator, it designs, implements, and maintains qualified retirement plans, including cash balance, defined benefit, profit sharing, and 401(k) plans, with a focus on tailoring strategies to a company’s or client’s unique needs. The firm emphasizes data-driven proposal development to optimize tax positions while meeting retirement objectives, and it oversees ongoing plan compliance, annual reporting, and participant communications through an experienced administrative team and an enrolled actuary.
Based in Lincolnshire, Illinois, the company serves the retirement plan community with a track record stretching back to its 1979 founding as a family-owned business. Its staff brings extensive expertise to plan design, implementation, and annual administration, including handling non-discrimination testing and distribution or loan processes. In August 2025, Daybright Financial, LLC announced the acquisition of Hessel & Associates, marking a notable recent development for the firm within the broader pension consulting and retirement plan administration landscape.

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