Why Should Employers Be Aware of Their Employees Retirement Plan?

  • By Chelsea Mills
  • 30 Oct, 2015


Retirement Planning
Headquartered in Linden, Michigan, Innovative Retirement Solutions is one of very few financial services firms dedicated exclusively to workplace retirement plans. With no product affiliation, Innovative Retirement Solutions not only reinvented the relationship between employer and advisor, but also did soby word of mouth, with no product sales or hidden revenue.

Keith graduated from Grand Blanc High School and went onto receive a Bachelor of Science in Finance from Michigan State University. As most young graduates do, Keith decided to move away and ended up landing a job in Troy at an insurance firm. Keith immediately recognized they had a gap in their service portfolio and spearheaded the development of their 401k program.

In 1993, Keith decided to start his own business, in 1999 he took over management of a 17-advisor firm in Farmington Hills and in 2006 when he had started his own family he realized he wanted to move back home to Genesee County.

 “I wanted to move back home to be near our immediate and extended family. I also wanted to be close to the kids schools so I could be part of all their important events.” Keith explained. “I never miss an event, whether it be to chaperone on a field trip, classroom party, dance recital, cheer competition or baseball game.”

The dedication Keith gives to his family is also a consistent theme in his business and his community. Keith served as the 2014 Chairman of the Board for the Fenton Regional Chamber of Commerce and has also been part of the growing development in Fenton and Linden. When Ed Koledo, superintendent of the Linden Community Schools and Chamber Board member, suggested bringing a Gus Macker to Linden, Keith was on board and served on the leadership committee for the Gus Macker event. “I like the fact that Genesee County is a slower pace compared to the Detroit suburbs and it also allows me to build relationships with the schools and community leaders.”

Keith is the Lead Business facilitator for the Fenton Regional Chamber program, Boys and Business, which is an entrepreneurial workshop for local area high school juniors and seniors. He is also the chair of the Business Development committee working to help create services in the chamber that local businesses can utilize.

All of these community events Keith is involved in has allowed him to create professional relationships with local companies that respect and understand Keith’s way of doing business.

“100% of my business is solely based on referrals,” Keith explained. “We do things a little differently than some of our competitors and our clients really appreciate that. This has allowed Innovative Retirement Solutions to grow through word of mouth.”

The industry is ever changing and Keith was one of the first advisors to go fee based 15 years ago. He also has the ability to communicate the plan with the investor, controller and trustees of the company before he educates and assists in enrolling the participants. Keith has the ability to identify plan expenses and offer ways to manage them without making sacrifices to the plan. Often times it’s not the plan provider that needs to be changed, it’s the fund options, expenses and education of the participants that will lead to greater participation and a successful plan.

“When I started 25 years ago the big question everyone wanted to know was if you had an 800 number and if they could add an investment account,” Keith stated. “Today the definition of a good 401k plan is measured by the amount of how many participants are on track to retire. So this is
what we focus on for our clients.” Evolving out of a larger corporate structure, Innovative Retirement Solutions has the in-depth industry experience of a large established firm but without the inherent conflicts of interest that plague most firms. This conflict free business model has led to rapid company growth. Some additional factors that have led to the rapid growth of Innovative Retirement Solutions unique approach include:

• White House and Department of Labor consideration of new fiduciary rules;

• Growing complexity around the administration of Corporate Retirement Plans;

• Increased appetite for conflict-free, customized retirement plans;

• Offering the clearest Fee Disclosure documents;

• Early adoption of sophisticated new technologies that increase service;

• Not accepting hidden revenue, at a time when employers have to answer for it; and,

• Newer, complex types of retirement plan design features coming to smaller employers.

Innovative Retirement Solutions has clients with branches or offices all over the country, and because their goal is to educate every employee on their retirement plan options, they travel to the different branches to meet with the individual participants.

A well-known car dealership in Fenton is one of their local clients and a team member from Innovative Retirement Solutions is there when the have a new hire orientation or have someone with questions about their 401k plan. Since Innovative Retirement has taken over the plan with this car dealer, they were able to grow the plan participants from 20 to 65 people in the first year.

“The biggest asset of any business owner is their business. Business owners can’t afford to have employees who are not on track to retire. I show my clients a different perspective of what not having a good 401k plan for their employees could look like. Having a 401k strategic plan to bring in knowledgeable and good employees ultimately benefits all parties.” Keith explained.

Proposed new government legislation could potentially mandate employers to have a 401k plan available for their employees. Employers could be liable and exposed to litigation if they have employees who are eligible for retiring and there was a 401k plan available, but the employees were never educated about the plan.

“We make a point to ensure every employee is educated.”

Keith shared that during the education process the number one question from every employee is ‘How much money do I need to retire?’ As part of their Work Site Financial Solutions program, LPL has programs in place which assists the participants with a multitude of things from assisting with rollovers from previous employers, advice on investments, creating retirement goals and strategic planning.

The biggest advantage Innovative Retirement Solutions has is that they are completely independent. They have access to service providers such as:

  • Alliance Bernstein
  • American Funds
  • BlackRock
  • Columbia Management
  • Dodge & Cox
  • Dreyfus
  • DWS
  • Federated
  • Fidelity
  • Franklin & Templeton
  • Invesco
  • Janus
  • Inveso
  • Janus
  • John Hancock
  • JP Morgan
  • MFS
  • Oppenheimer
  • T.Rowe Price
  • Vanguard

Innovative Retirement Solutions is one of the National Plan Advisory Services dedicated exclusively to workplace retirement plans and those responsible for them.

Innovative Retirement Solutions’ crystal clear, flat-fee or fee-based service models that strive to allow employers to right-size the objective work they crave and trust the advice they’re given. Innovative Retirement Solutions helps improve workplace retirement plans by not selling anything
and instead supporting plan governance, retirement readiness, and other Advisor Partners. Visit www.InnovativeRetirement . net for more information.

Around The Town with Chelsea

By chelseajaie 09 Aug, 2017

Starting a new business? Looking to give your current logo a 'refresh'? It can be easy to just think  'I need a logo!'  - what you are saying is that you want a graphic representation of your business to use on your marketing materials. What you  need however is a memorable overall ' brand' that will attract customers to your business. Luckily, at Behind Your Design, we can help you with all your needs, even the ones you don't know yet.

How do I create a brand? 

It's important to know your brand values and aspirations. Basically, your WHY? What made you start your business in the first place? What problem are you solving and what are your passions? Long term, where do you want to be in 2, 5, 10 years? The answers to those questions are the core of your brand. We want to give you the tools you need to reach your greatest potential.

Next, we'll work on the personality of your brand. What will your brand look like? Sound, feel, act like? Knowing your business' personality allows it to shine through everything we do. It also helps narrow down your target customer and decide how your business will interact with them. Appealing to a certain audience makes marketing efforts meaningful and effective.

Consistency is key. We work together to create an entire brand concept and easy guidelines to follow. Colors, fonts, patterns... Anything to make your look consistent will be part of your brand. Then, we use those elements across all platforms (website, social media, business cards, etc) to ensure your voice, mission and design flow fluidly and works together.

Once you've created this brand, it's time to go beyond that and uphold the reputation. Your customers have to truly believe in your brand, just like you do, and will, in turn, become loyal advocates of your business. Not only will they stay local to you but they'll also recommend you to others.

Your business is so much more than just a logo. We believe building a solid brand can become a company's greatest asset, so we cover every step:

  • Web Design
  • Graphic Design
  • Email Marketing
  • Facebook Marketing
  • Mobile App Design
  • Trade Show Booth Design
  • Custom Photo Gifts
  • Speaking Engagements
To view our design portfolio, click here.

By chelseajaie 25 Jul, 2017
Behind Your Design is excited to announce the launch of JDLab's new responsive website and logo design. JDLab is a family owned business dedicated to delivering high quality work in every department. Founder J.D. Hicks’ goals in 1950 remain their goals today:  "Provide every professional photographer with the highest standard of quality and service, and to work as partners to help studios grow as successful businesses."   To learn more about what JDLab can do for you please click   here . Contact us at   Behind Your Design   to help you design your next website.
By chelseajaie 18 Jul, 2017
Behind Your Design is excited to announce that we have created a new logo for Wayne Contracting Services, LLC. Wayne Contracting Services, LLC is a licensed and insured construction company providing a variety of construction and remodeling services to SE Michigan. Give them a call for all your contracting and remodeling needs! If you are in need of a new logo contact us at  Behind Your Design   today to get started!

By Chelsea Mills 18 Jul, 2017
Join the growing team at Behind Your Design at 100 S. Adelaide St. in Fenton, Michigan!

- 40 Hours A Week (Mon-Fri - 8:30 AM - 4:30 PM with working lunch)
- Paid Holidays
- Opportunity for 401k Retirement Matching
- Must be able to multi-task, delegate and prioritize jobs that come in
- Must be able to track time spent on projects
- Responsible for ordering from vendors
- Responsible for managing multiple tasks and keeping jobs moving forward by following up with clients and our designers
- Friendly pleasant personality
- Responsible to answer phones, greet customers, take messages and packages
- Team environment
- Time Management and Organizational Skills
- Matching expenses/orders with client billing
- Approximately 25% of the job will be coordinating photo booth jobs including contracts, graphics, staff, programming booths, posting photos, burning DVD’s and communicating with clients.

Technical skills needed, but not required to apply, we would train qualified applicants:
- HTML Email Blasts (Constant Contact, MailChimp)
- Website Building
- Basic Photoshop Skills
- Professional Email Skills
- Word, Excel
- Asana Task Management System
- Social Media Posting
- QuickBooks

Click Here to Apply

By Chelsea Mills 11 Jul, 2017
Behind Your Design recently had the pleasure of designing a new website for Bennett Communication Solutions. Bennett Communication Solutions is a local family company that opened its doors in 1945. They provide telephone answering services, remote receptionist services, voice mail, and other services to meet the needs of their business customers. While they maybe local they have clients nationwide. Their clientele includes health care services, property management and real estate, contractors and of course business professions. To learn more about their services please click here . Contact us at  Behind Your Design  to help you design your next website.
By Chelsea Mills 03 Jul, 2017
Behind Your Design is excited to announce that we have created a new logo and business card design for DaniJo Hawkins Pottery a local Genesee County artist. Danielle Hawkins owner of DaniJo Hawkins Potter loves to create in clay. She believes in recreating, repurposing, up cycling. She believes you can beautify someone else's trash into your treasure and that is seen in her pottery! To view her amazing work please click here . If you are in need of a new logo contact us at Behind Your Design  today to get started!
By Chelsea Mills 27 Jun, 2017
Behind Your Design is excited to announce the logo design and responsive website launch for Linda Lucas Design. Linda Lucas owner of Linda Lucas Design is dedicated to creating an environment that reflects her client’s personality and lifestyle, by capturing their design dreams and making them a reality. With over 13 years’ experience, Linda offers a wealth of knowledge in both new construction, and remodeling an existing space. Linda understands that listening to a client’s needs is key, and is committed to working with you to create a beautiful living environment, while embracing your style through inspiration and imagination. She completed her interior design studies through Interior Design Institute, a Certified Interior Design (C.I.D.) approved program. To learn more about Linda and her services please click here . Contact us at  Behind Your Design  to help you design your next website.
By Chelsea Mills 02 Jun, 2017
Behind Your Design is excited to announce the launch of Bella Vita's new responsive website. Bella Vita Senior Living will be opening their doors this summer in Grand Blanc, Michigan.  At Bella Vita they believe in an  our all-inclusive service and care with an all-inclusive rate makes the decision of placement for your loved one a lot simpler. It allows you to budget your family member finances consistently without the stress of a changing add-on rate provided by other companies. They provide many services such as life enrichment programs, laundry, housekeeping, beauty shop, dining services and more. To learn more about the Bella Vita and their services please click  here   . Contact us at  Behind Your Design  to help you design your next website.
By Chelsea Mills 02 Jun, 2017
Behind Your Design is excited to announce the launch of the Corner Bar and Grill's new responsive website. The Corner Bar and Grill is a rock ‘n’ roll gastro pub located in Fenton.  If you are looking for a great place to dine with a terrific atmosphere the Corner Bar is the place to be! Their weekend brunch menu is sure to please everyone in your family with plate such as chicken and waffles, speciality brew cakes and loaded omelettes and lets not forget their mimosas and beermosas! They also feature live music every Saturday. So make sure to check them out the next time you are in Fenton! To learn more about their menu please click here Contact us at   Behind Your Design    to help you design your next website.
By Chelsea Mills 10 Apr, 2017
Behind Your Design is excited to announce the launch of Mansour Realty's new responsive website. Mansour Realty, Inc  is local company provides strategic, high-quality services and solutions for commercial real estate owners, investors, managers and users. Although their named changed from Mansour Developments to Mansour Realty, Inc. they have 50 years of experience in researching, purchasing, developing and selling properties. And for the last 15 years they have been putting their expertise to help other companies with their commercial real estate needs. To learn more about the Mansour Realty and its services please click here . Contact us at  Behind Your Design  to help you design your next website.
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