Klein Decisions® introduces K4 Plan Goals, the
next-generation retirement guidance system for plan participants and
sponsors.
Raleigh, NC – October 21, 2008 Klein Decisions, LLC today announced the
release of K4 Plan Goals for retirement plan participants,
sponsors, and providers. K4 Plan Goals, a unique participant
guidance system, provides a personalized Suggested Strategy for every
eligible participant, not just those who will answer a questionnaire or
go online. The Suggested Strategy uses an innovative combination of
automated inputs, defaults, and patented technology and can be delivered
on paper or electronically.
K4 Plan Goals’ exclusive analytical process balances
individual preferences with the probability of financial success. The
personalized analysis for each participant considers thousands of
combinations of retirement age and income, savings rates, and investment
alternatives (including target date funds). The resulting Suggested
Strategy is an actionable savings and investment plan with a high
probability of meeting both retirement age and income objectives. The
online tool then allows participants seeking more involvement to further
personalize their strategy by refining specific objectives or
preferences and including additional elements such as other assets.
K4 Plan Goals also provides overall plan analysis. The
K4 Plan Track Report calculates the aggregate participant success rate
based on current and Suggested Strategies for all participants. With
this exclusive feature, K4
Plan Goals enables fiduciaries to target education efforts and increase
the likelihood of participant success. According to Fred Reish, leading
legal expert in the retirement plan area, “… the services provided by
K4 Plan Goals materially help fiduciaries satisfy the requirements under
ERISA's prudent man rule to consider the needs of participants and to
provide suitable services for deferrals and investing.”
Robert L. Padgette, founder and managing director of Klein Decisions,
commented, “From inception, K4 Plan Goals was designed and
developed as a scalable solution that provides a personalized answer for
each and every plan participant, whether they go online or not. Coupled
with that, the plan sponsor can measure and monitor how well their
employees are doing on the road to a successful retirement.”
K4 Plan Goals can be cost effectively included in guidance,
advice, or managed account participant offerings.
For information about K4 Plan Goals, click
here,
or call us at 877-553-4634.
About Klein Decisions, LLC
Klein Decisions was founded in 2002 by Robert L. Padgette, CFA, CIMA, to
develop dynamic decision systems that incorporate investor preferences
into the investor decision process. Headquartered in Raleigh, North
Carolina, Klein’s team of experienced investment and technology experts
has introduced a suite of web-based applications based on a patented
process that precisely quantify an investor’s goals, behaviors, and
preferences, and integrate that insight into a personalized investment
solution.
© 2008 Klein Decisions, LLC
