BKD Benefit Plan Consulting Brochure Questions All Plan Sponsors Should Ask Form ADV Part II, January 2010
Experience Expertise

Solutions to Increase Employee Participation
A law firm with about 200 employees wanted to increase participation in its 401(k) plan. Only about 25% of employees were participating in the plan, which had no employer match.
Because of the client’s complex structure, we suggested a safe harbor plan. We created proposals, recommended an investment advisor and conducted an employee meeting explaining the new plan’s benefits.

The result:  Participation more than doubled. The value of contributions increased from a total of $230,000 to $20,000 per payroll or about $480,000 annually. Because of the positive result, BKD was asked to create a mirror plan for another enterprise owned by the client.

Benefit Plan Consulting

BKD Wealth Advisors, LLC’s benefit plan consulting provides integrated design, implementation, compliance testing and investment management services to retirement plan sponsors.

Our firm is built upon the following pillars which represent the key strengths of our organization

  • Our integrated and consultative approach allows us to address all relevant aspects of successful benefit plan design and implementation with the ultimate goal of helping our clients create and administer a plan that rewards both the business owner and employees
  • Our fee-based, transparent business model allows us to maintain independent judgment, which means we will make objective recommendations with the plan sponsor’s and participants’ interests in mind
  • We put our expertise to work for you.  Our consultants possess years of experience and multiple professional designations.  With the added resources gained from our access to BKD, LLP, you’ll gain from our broad perspective on the issues you face

BKD Team

Our benefit plan team includes consultants with years of experience and multiple designations.  They offer independent judgment, flexibility and a deep familiarity with the many factors vital to a successful benefit plan.

BKD Solutions

Our proven solutions and expertise demonstrate our goal to deliver practical, timely and affordable services.  Here are just some of the solutions we can provide:

Types of Plans

  • 401(k)
  • Defined Benefit
  • Employee Stock Options (ESOP)
  • Profit-sharing plans
  • 403(b) tax-sheltered annuity plans
  • Cross-tested
  • Money Purchase Pension

Services

  • Fiduciary Obligations Overview
  • Documenting Goals & Objectives
  • Plan Design & Implementation
  • Investment Policy Statement Development
  • Record Keeper & Custodian Searches
  • Investment Recommendations & Monitoring
  • Investment Performance Reporting & Economic Updates
  • Employee Enrollment & Education
  • Ongoing Compliance Testing & Government Filing

BKD is sensitive to rules governing the delivery of a mix of services.  Our accountants and consultants can work with you to identify employee benefit plan services that will help you achieve your goals while complying with governmental regulations.

We also understand the importance of fee transparency and containing benefit plan costs for both plan sponsors and participants.  Our fee-based model was designed for these reasons and allows us to make objective recommendations.

BKD Wealth Advisors, LLC is an investment advisory firm registered with the Securities and Exchange Commission and a wholly owned subsidiary of BKD, LLP, one of the 10 largest CPA and advisory firms in the United States.

For More Information

Contact your BKD advisor or:

Steve Toomey
Principal
800.299.4280