(K)Plans Operates in All Markets

Our Services

We get it. Your company sponsored retirement plan probably isn’t the first thing on your mind every day. The rules are complicated, there’s liability involved, and quite frankly, it’s not something for which you strive to gain expert status. Fact is, developing and managing a company’s retirement plan is one of the most specialized areas of financial planning. Fewer than 1% of advisors in the U.S. specialize in this space where government regulations, employer liabilities and careful creation of plans rule the day. The good news is, the (K) Plans team excels in this environment. It’s all we do, and we’ve been doing it for a long time.

Private Equity and M&A clients also turn to (K) Plans for our depth of knowledge and experience serving their unique needs. We understand this space and the nuances of serving portfolio companies and management teams. The team has the know-how and the creativity required to develop plans that address cash flow and profitability goals, delivering cost-effective retirement plans that add value. It can be done, and the (K) Plans team knows how to make it happen.

We know the ABCs of doing this complex work … or in this case, the DOLs, the IRSs, and the ERISAs of the world that we want to keep on your good side. We’ll help you get the most out of your plan, and create the best possible scenario for you and your participants. What’s your plan? Could it be a:

401(k)
403(b)
Profit Sharing
Cash Balance
Pension
Simple IRA
SEP IRA
Executive Bonus
Retention Plan

Whether you have a plan in place that needs a tune up or optimization, or you’re looking to adopt a new plan that’s a better fit for your company and people, we are here to help.

A Customized Approach

Beyond 410(k)s

Comprehensive Financial Solutions for a Secure Future

Maximize your financial security with Krilogy’s full suite of services. Beyond managed 401(k) plans, we offer comprehensive tax preparation and personalized estate planning to ensure your future is as secure as your retirement. Connect with us today to take the next step toward financial peace of mind.

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401(k) Myths Busted: What You Need to Know

Myth #1: “There is too much work involved in changing our Retirement Plan. We don’t have time to deal with it right now.”

Reality: While there is administrative work involved with changing your Recordkeeper or Third Party Administrator, changing your Retirement Plan Advisor is straightforward and requires only a simple form. Appointing an experienced Advisor will not only make your plan more efficient but also save your team valuable time and energy in the long run.

Myth #2: “Our employees may be confused and upset if we make any changes to our plan”

Reality: Clear communication and proper education can help participants understand the benefits of the changes. Most employees appreciate improvements that lead to better investment options, lower fees, and enhanced services.

Myth #3: “We have had the same advisor for years, so they must be doing a good job.”

Reality: Retirement plans should be benchmarked every 2-3 years to ensure that you’re paying reasonable fees for the services you receive. If your advisor isn’t regularly benchmarking provider services and costs, it’s essential to seek an independent review of your plan to ensure it’s still competitive and cost-effective.

Myth #4: “Our Advisor does a great job - they manage the owners’ and many executives’ personal accounts.”

Reality: If your advisor focuses primarily on personal wealth management, they may not be dedicating enough time to your retirement plan. Managing personal wealth and overseeing retirement plans require distinct expertise. You need an advisor who specializes in retirement plan management to ensure your plan receives the attention and expertise it deserves.

Myth #5: "Our plan is with our payroll company because it's easier to keep everything in one place."

Reality: Payroll companies excel in payroll services, but they may not have the specialized expertise needed to manage retirement plans effectively. Relying on a single provider for all aspects of your retirement plan can be risky—if you’re unhappy with one service, you might have to overhaul the entire plan. By hiring separate providers for recordkeeping, third-party administration, and advisory services, you create a system of checks and balances that ensures each aspect of your plan is managed with the appropriate expertise.