HK Financial Services
FIRM INFORMATION 3390 Asbury Road, Dubuque, IA 52002
Kevin Dement, (563) 585-5894, kdement@hkfs.com
hkfsretirement.comBUSINESS PROFILEYear established:
1995National or local TPA:
NationalAre you a producing TPA or a 'non-producing TPA'?
ProducingDC recordkeeping platform:
No (use partner providers' platforms)NUMBER OF PERSONNEL SERVING RETIREMENT PLANSSenior management:
3Other managers/administrators:
11Actuaries:
4Sales staff:
2Support staff:
0RETIREMENT PLAN PROFILERetirement plan assets under administration:
750,000,000Total number of retirement plans under administration:
280Total number of retirement plan participants under administration:
17,000NUMBER OF PLANS BY TYPE401(k):
235403(b):
12457:
0Nonqualified Deferred Compensation:
0Other DC:
3Defined Benefit/Cash Balance/Hybrid:
30FEE STRUCTURESFixed fee:
Per participant fee:
YesBasis points on assets:
YesOther:
Fees offset by revenue sharing agreements?
Yes State(s) where offices are located:
Colorado (CO), Florida (FL), Indiana (IN), Iowa (IA), Louisiana (LA), Michigan (MI), Minnesota (MN), Missouri (MO), Nebraska (NE), North Carolina (NC), North Dakota (ND), South Dakota (SD), Wisconsin (WI)PLAN ASSET SIZES SERVED<$1 million:
No$1 million - $5 million:
Yes>$5 million - $10 million:
Yes>$10 million - $25 million:
Yes>$25 million - $50 million:
Yes>$50 million - $100 million:
Yes>$100 million - $200 million:
No>$200 million - $500 million:
No>$500 million - $1 billion:
No>$1 billion:
NoRECORDKEEPING RELATIONSHIPSNumber of recordkeepers with DC selling agreements:
4Number of recordkeepers with DC assets:
3Number of recordkeepers where new plans placed:
1FIDUCIARY SERVICESPlan level 3(16) services:
YesPlan level 3(38) services:
YesParticipant level fiduciary services:
YesPRODUCTS/SERVICES OFFERED TO ADVISERS AND/OR PLANSCompliance support:
YesPlan benchmarking:
YesTarget-date evaluation tools:
NoInvestment committee meetings:
YesDesign/amend DC plan documents:
YesDesign/amend DB plan documents:
YesRecordkeeper transitions:
YesPrepare benefit statements:
YesProcess plan distributions:
YesPrepare loan paperwork:
YesNon-discrimination testing:
YesAllocation of contributions/forfeitures:
YesCalculate participant vesting %:
YesActuarial calculations & support:
YesForm 5500 preparation:
YesForm 5500 signing:
YesPlan audit support:
YesQDRO review:
YesSmall rollover IRA processing:
YesProvide fiduciary education:
YesAnnual 408(b)(2) assessment of fees:
YesInvestment selection services:
YesInvestment monitoring:
YesPRODUCTS/SERVICES OFFERED TO PLAN PARTICIPANTSEnrollment meetings (at time of hire):
YesRe-Enrollment meetings (after hire):
YesOne-on-one meetings with participants:
YesRollover assistance (into plan):
YesDistribution assistance (upon separation):
YesRetirement income planning:
YesFinancial/debt counseling:
YesEstate/tax planning:
YesAuthorize participant requests:
NoPrepare/deliver required participant notices:
Yes
