Provider Management

Needs Assessment

During this initial stage, Klaas Financial advisors will examine a variety of factors, including your company’s needs and objectives and the demographics of your employees. We will also review your current plan’s features and assess its effectiveness in all areas. For example, is your plan successful at driving participation and increasing deferral rates? Does it offer a sufficient variety of investment options to ensure participants are able to diversify* appropriately? Together we can explore additional areas for changes such as technology, reporting, and assistance with fiduciary compliance. Klaas Financial will also identify providers whose management fees are competitive and who can offer good value.

Vendor Services Evaluation

Next, if determined to be appropriate, Klaas Financial will evaluate your Needs Assessment with the services offered by your current provider including:

  • Automated Services
  • Investment Options
  • Education and online tools

Implementation of New Services

We will incorporate changes as needed to help ensure your plan performs to your expectations and to help your employees achieve retirement readiness.

Monitoring Industry Trends

We will keep you up-to-date on the latest developments and trends to ensure you are offering the most appropriate plan for your employees.

Service, Support, and Problem Resolution

We can be a valuable helping hand and source of support and information whenever you need assistance.

*Diversification does not ensure a profit or guarantee against a loss.

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