Retirement Plan Services

Retirement Plan Services (RPS)Overview

1. Our service approach2. Specialized team of experts3. Who to contact for questions4. Available Revenue5. Ways to enhance a plan for key employees

The RPS Difference

• Customized retirement plan specific to the client’s needs

• Investment Management Approach• Plan level and participant level fiduciary support• We meet with the executives and the employees

to develop a personalized retirement plan

Data Needed For a Retirement Plan Review

• Company Name, EIN and Address• Current retirement plan provider(s)• Plan Document• Breakdown of fees• Assets by investments including the expense

ratios• Census data

How to Identify an Opportunity

• Data Scan – 1120, 1120S and 1065• Payroll clients• Personal relationships• Corporate tax returns• Audit Clients• Personal tax returns• Your client mentions they are not able to defer

enough money

Retirement Plan Questions

When you are posed with a retirement plan question, remember we are here to help. Call 1-800-791-8994 and ask to speak with:

•Kevin Dement•Chris Manternach•Pam Goedken•In addition your FA is always there to help

The Difference With Pricing Our Approach

• All fees are disclosed• Revenue share is given back to the plan• Fee transparency via our Service Agreement • Fee Comparison• Plan is reviewed at least annually

Revenue Opportunity

Examples of the revenue that is available:

Asset Size Estimated CPA Revenue

$1,000,000.00 $3,500.00

$2,100,000.00 $4,200.00

$5,000,000.00 $10,000.00

$12,000,000.00 $19,000.00

$33,000,000.00 $30,000.00

How We Help Key Employees

Defined Contribution OptionsEnhanced Contribution Options –

– Key employees reach the IRS contribution limits ($51,000.00)

– Limit the amount given to non key employees– Contributions are tax deductible

How We Help Key Employees

Cash Balance Defined Benefit Plan• Maximum IRS annual benefit $205,000.00• Maximize the benefit to the executives while

limiting the amount to non executives• Annual funding requirement• Guaranteed interest earned for participants• 3 year cliff vesting

How We Help Key Employees

Non Qualified Deferred Compensation Option• The advantage:

– No contribution limit– No limit on vesting schedule– Freedom from most qualified plan requirements

and 5500 not required– Client decides who is eligible – Total flexibility in the plan design

How We Help Key Employees

Non Qualified Deferred Compensation Option

The areas of caution:– No current year tax deduction– Assets are subject to general creditors– Employees normally have to re-enroll each year

A New Way to Work Together

• When approaching a company to handle taxes, use HKFS services to show them a complete package.

• Contact HKFS for your Retirement and Wealth Management needs

2014 Plan Document Restatement

Document restatement – required every 6 years

– HKFS will be informing clients of this requirement in 2014

– Clients will need to sign the new document– Opportunity to enhance their document at no

additional cost

Thank you for your time!

Any questions?