K4 Plan Goals   

Eighty percent of retirement plan participants are frustrated with their choice between complex advice tools and overly simplistic calculators, but they want and need guidance in achieving their retirement goals. K4 Plan Goals was specifically designed to meet this need. The patented K4 process promotes participant use by requiring minimal inputs to yield a complete and actionable solution. Unlike other tools, K4 Plan Goals delivers a complete, personalized retirement strategy without relying on front-end guesswork and solutions by trial and error. In just one step, it solves for the best combination of savings rate, portfolio, income and age that achieves the highest level of both satisfaction and success for the participant. 

 
  • promotes participant use - minimal input, complete answer, with no iterations or guesswork

  • increases participant buy-in -  solves for complete personalized strategy that promotes action

  • enhances participant satisfaction - optimally resolves conflicts between preferences and success

  • exceeds  erisa  fiduciary standards - exceeds standards for meeting participant needs

  • unique, cost effective guidance  - innovative solution for participants, service providers, and sponsors

key features of K4 plan goals  

Simple and engaging MORE K4 Plan Goals
Provides a clear picture of the participant's current strategy MORE K4 Plan Goals
Identifies acceptable compromises for competing objectives MORE K4 Plan Goals
Optimally solves for a complete solution strategy, not just one variable at a time  MORE K4 Plan Goals
Incorporates the combination of participant preferences and plan success MORE K4 Plan Goals
Provides material assistance for fiduciaries in meeting their obligations MORE K4 Plan Goals
Presents actionable, compelling results MORE K4 Plan Goals
Provides what-if opportunities for participant MORE K4 Plan Goals
 

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K4 promotes participant use

Minimal input with no iterations or guesswork

K4 Plan Goals engages participants in a straightforward process for retirement guidance that is easy to understand and use.  Not only are the inputs held to a minimum, the user doesn't have to pinpoint an exact solution and then see if it will work. Instead, the user inputs ideal and acceptable endpoints for their retirement objectives and K4 does the rest. The result is the best combination that takes into account both the success of the plan and the participant's preferences.

K4 increases participant buy-in

Solves for income, age, savings, and portfolio simultaneously

With other retirement decision tools, the participant inputs a best guess for each variable, getting a probability of success for that strategy and then changing first one variable and then another until the probability is satisfactory or until the participant is frustrated. But using the patented K4 process, K4 Plan Goals solves for the best combination of the four key retirement variables in one step. There is no guesswork, no trial and error, and no confusion about what to do to "fix" the problem. The solution is simple, clear, and compelling.

K4 enhances participant satisfaction

Optimally resolves conflicts between preferences and success

As with all complex decisions, there are tradeoffs between what we would like to do and what will actually work. A participant may want to retire at age 60, but that may prevent achieving an acceptable probability of success. The K4 process rigorously resolves these conflicts on the front-end, incorporating importance weighting for the variables and a trade-off process that resolves competing objectives.

K4 exceeds fiduciary standards

Exceeds standards for meeting the needs of participants

Fred Reish, a leading ERISA attorney, states "our conclusion is that 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."  He also concludes that "fiduciaries who use programs such as K4 Plan Goals will have taken appropriate steps to satisfy ERISA's requirements to help participants with those decisions."

K4 offers unique, cost effective guidance

An innovative decision solution for participants, service providers and plan sponsors

Retirement plan participants need a guidance tool that is robust enough to drive action yet engaging enough to complete with minimal time and investment knowledge. K4 Plan Goals provides a whole new approach-- one that acknowledges the participant as an individual with unique goals and preferences and also solves for a complete, actionable strategy. It’s as if every participant has their own personal planner working with them to find their own unique solution, but at only a fraction of the cost.

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