Business Retirement Planning: 401(k), 403b and beyond
Statement of Qualifications and Services
Stock Yards Bank & Trust takes a consultant approach to helping our customers with their company or organization's retirement plan. Our consultant approach allows us to serve as an advocate for you and utilize an independent platform of options focused on providing the best retirement plan solution.
We have experience working with large companies, small businesses, schools, non-profits and professional practices on their 401(k), 403b, defined benefit, 457 and profit sharing plans. As a local resource, we currently manage over 110 retirement plans in the Louisville area and are quickly becoming a regional provider with our new offices in Indianapolis and Cincinnati.
Our Goal and Value Proposition
Our primary goal is to understand and address the evolving interests of plan sponsors and their employees, leading to a progressive, smooth running and cost efficient retirement plan.
The value in this approach is a retirment plan designed to help protect plan fiduciaries, enhance potential investment returns, manage expenses, reduce administrative burdens and enable plan participants to coordinate and achieve their personal goals.
Plan and Vendor Evaluation
The groundwork provided by our firm aims for a complete understanding of your needs and flexibility rather than a cookie-cutter solution.
Needs Assessment
During the initial stage, a variety of factors will be examined. These include your company, your retirement plan objectives, and the demographics of your employees. We will review your current plan’s provider(s), features, and investment options and look for any opportunities for improvement, such as technology, reporting and assistance with 404 ( c ) compliance.
Would your like us to review your current retirement plan?
Our firm offers a review of your retirement plan at no cost or obligation to you. We do this because we believe that we can help you find ways to:
Reduce the time that your staff spends on administering the plan.
Reduce the likelihood of participant lawsuits.
Increase contributions for key employees.
Increase the value of the plan to all your employees.
Information Needed for Review:
Most recent statement of plan assets
Estimated annual contributions – Employee & Employer
Total number of eligible employees
Total number of participants with an account balance
Current billed administrative fees
Current investment management fees (asset fees above and beyond fund expenses)
Current list of investment options including returns and fund expenses
Adoption Agreement or Summary Plan Description
Client Concerns
Who to Contact:
Brian Cohoon, CFP (502) 625-0875
