John Kip O'Kelley

Retirement Planning Specialist

A Message from John Kip O'Kelley, Retirement Plan Specialist

For the success of any business retirement plan and the financial security that it strives to achieve, consistency and proper guidance are a must. I will collaborate with you, advocate for you, and offer many levels of assistance. I will carefully evaluate your company’s needs to provide the resources, relationships, expertise, and objectivity to help you partner with a reputable provider.

By matching your needs with innovative solutions utilizing world-class insurance services and internationally recognized investment products, I will do my best to help you protect and provide for those people you care about most. I will work hard to build a relationship with you based on trust and integrity, always striving to provide you with the same level of ethical service that I would expect for myself.

John Kip O'Kelley provides a range of retirement plan services and products:

Business Retirement Plan Services

Objective guidance and a wide variety of choices are imperative when selecting a provider for your business retirement plan. Relying on your internal expertise in the retirement plan marketplace, input from our advisors and specialists, and the assistance of a third-party research firm, we have identified, evaluated and selected highly qualified and committed companies from more than 100 potential retirement plan providers.  

Retirement Plan Structure 

The structure of your retirement plan is an important part of what makes it successful. Other factors to consider when establishing an employer-sponsored retirement plan include:
  • What administrative and investment management services does the plan require?
  • Should a defined contribution plan be trustee-directed or participant-directed?
  • As an ERISA fiduciary, what duties does a plan sponsor have and what standard of care  is expected of a fiduciary in carrying out those duties?
  • Is there any way to reduce exposure to fiduciary liability through plan design?
  • What is an Investment Policy Statement? Does the plan need an IPS?
  • What is the best way to educate employees about the importance of plan participation and saving for retirement?   
 

Consistency and Proper Guidance

For the success of any business retirement plan and the financial security that it strives to achieve, consistency and proper guidance are a must. I will collaborate with you, advocate for you, and offer many levels of assistance including:
         
Participant Communication
  • Enrollment meetings
  • Investment education
  • Retirement preparation
  • Rollover services         

Plan Management

  • Plan design assistance
  • Facilitate provider/TPA selection and review
  • Plan implementation and conversions
  • Provide plan benchmarking information            

Investment Support

  • Provide investment research data
  • Performance monitoring assistance
  • Aid in plan investment changes
  • Present investment performance data             

 Compliance Assistance

  • Fiduciary education
  • Sample investment policy statement
  • ERISA Section 404(c) education
  • Plan due diligence documentation
 
After carefully evaluating your company’s needs, I will be able to provide the resources, relationships, expertise, and objectivity to help you partner with a reputable provider.  
 

Qualified Benefit Plans 

Qualified retirement plans typically cover substantially all eligible employees and have special tax advantages. These types of plans are subject to strict and somewhat complex rules in order to obtain tax advantages.
 
These are two broad categories of qualified retirement plans:
 
  • Defined Benefit Plan:Provides employees with a fixed and known benefit at retirement, the amount of which generally depends upon length of service and highest attained salary.  The company assumes the responsibility for making sure money will be available to fund a pension for retiring workers. Northwestern Mutual offers a unique product specifically designed to fund defined benefit plans for small businesses.
 
  • Defined Contribution Retirement Plan: Provides employees with a retirement benefit based on the value of the employee’s account at retirement. There are specific Defined Contribution Retirement Plans available including a 401(k) Plan, 403(b) and a Profit Sharing Plan. Variations of an IRA-based Defined Contribution Plan include Simplified Employee Pension Plan (SEP) and Savings Incentive Match Plan for Employees (SIMPLE).  

Protect your largest asset

Disability income insurance can protect your largest asset - your income. Northwestern Mutual can help. Learn more about how a disability insurance policy can help protect your income and your family.

Two Ways the Northwestern Mutual Foundation Supports Children and Families in Need

Can childhood cancer be beaten? We believe. That’s one of our charitable initiatives to help children and families in need. Learn more

 

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