phd retirement consulting

WE HELP EMPLOYEES RETIRE BETTER

Plan health design, healthy retirement plans.

Just as a company’s medical benefits are supported with a Wellness Plan, we believe that a company’s retirement benefits should be undergirded with a Health and Wellness System that supports compliance, due diligence and proper fiduciary oversight while also producing healthy outcomes.

Healthy Retirement Outcomes

We focus on measurable outcomes and utilize third-party benchmarking studies to  demonstrate that the plan is always working towards improvements in health. The goal of our client-focused, model is producing employees who understand, appreciate and participate in the company retirement plan. 

NEW BOOK RELEASE

401(k) architecture, 401(k) architecture is your roadmap to developing an employee benefits plan that serves your people, your purpose, and your profit..

Retirement Plan Services

401(k) plan advisor.

We can serve as an ongoing Fiduciary Consultant advising the employer and advising their employees. 

403(b) Plan Advisor

We specialize in serving colleges and universities with ERISA or non-ERISA 403(b) plans.

Financial Wellness

Helping employees manage their entire financial picture and win the battle with debt. 

Request for Proposal

We can run your request for proposal (RFP) for you, let us do the heavy lifting.

Non-fiduciary Projects

We offer benchmarking services on an a la carte basis

Book the founder and CEO of PHD, Troy Redstone,  to speak at your next event.

Meet PHD. Retirement Consulting

Retirement plans made easy.

We specialize in workplace retirement plans. We make group retirement plans easy & simple. We fix retirement plans, we build retirement plans & we consult for a flat fee as Fee-Only Fiduciary Consultants. No insurance. No hidden fees. No cross-selling to employees. No capturing rollovers. No gimmicks. Full disclosure. We believe there’s a better way to help American workers prepare for tomorrow, a process marked with integrity that’s fully transparent.

No Commission | Fee-only focus

We help employees retire better

and we help employers sleep better

“If your employees matter to you they matter to us”

 “Our goal is to get every employee across the finish line” 

“We’ll meet with any employee, any time, anywhere. Just because we care”

Repurposement 

Troy Redstone’s book Repurposement  is about casting a new vision for retirement, about saving and stewardship and how to purposefully handle money for the future, but with a purpose-driven mindset. 

Get In Touch

(844) PHD-401k

7500 College Blvd., Suite 500, Overland Park, Kansas 66210.

[email protected]

Send A Message

Email Address

Ep #32: Designing A Plan That Serves A Company’s Purpose And Their People with Troy Redstone

Troy Redstone is the Founder of PHD. Retirement Consulting and the author of two books, Repurposement: Experiencing the Financial Freedom to Start Living on Purpose Today and 401(k) Architecture: Design a Retirement Plan That Serves Your Purpose and Your People .

3/21/2022 - 65 minutes

Episode Summary

My guest today is  Troy Redstone , the founder of  PHD. Retirement Consulting  and the author of two books, Repurposement: Experiencing the Financial Freedom to Start Living on Purpose Today and 401(k) Architecture: Design a Retirement Plan That Serves Your Purpose and Your People .

He is the immediate past President of the Retirement Advisor Council, and he has also served as the President and Chair of the Employee Benefits Institute. In this episode, Troy and I discuss why a company’s corporate culture is a good indicator of whether they will be a good client and commit to running a successful plan.

Listen in as Troy shares key insights from his latest book, as well as how to optimize plan design by leveraging behavioral finance. You will learn how to cast a vision for plan sponsors so that they can aspire to better outcomes, why Troy has chosen to build a boutique firm that is solely focused on retirement plans (not wealth management), and how you can learn to chase the thing that really gives you purpose. 

What You'll Learn

• Key insights from Troy’s latest book.
• Why a company’s corporate culture is important.
• How to leverage behavioral finance.
• How to cast a vision for plan sponsors.
• Why Troy has chosen to build a boutique firm.
• How his team is empowering their clients.
• How to build a future with purpose in mind. 

Links to Resources

• Troy Redstone: Website | LinkedIn
• 401(k) Architecture
• Repurposement
• You Should Retire Now, Episode 96

Ideas Worth Sharing

• “The things you are in control of make the biggest difference.” - Troy Redstone
• “I like the idea of repurposement, not retirement.” - Troy Redstone
• “The top performing companies are the ones that take care of their people.” - Troy Redstone

Phd Retirement Consulting

Phd Retirement Consulting (CRD# 304989) is a financial advisory firm headquartered in Overland Park, KS. They manage $394,576,606 in 38 accounts and serve the financial needs of clients across 1 states (or territories).

• Total Assets Under Management 395 MILLION
• Total Number of Accounts 38 ACCOUNTS
• Average Account Value $10,383,595
• A percentage of assets under your management
• Fixed fees (other than subscription fees)
• Financial planning services
• Portfolio management for businesses (other than small businesses) or institutional clients
• Pension consulting services

Troy Redstone (CRD# 4726874) is an Investment Advisor Representative working at Phd Retirement Consulting in Overland Park, KS and has over 20 years of experience in the finance industry.

Our primary data source is public filings of Form ADV as published by the Securities and Exchange Commission (SEC) and made available in accordance with the Freedom of Information Act (FOIA). Supplementary information may be provided by listed advisors or their representatives.

Because many firms provide a variety of products or services, an individual may or may not be registered to operate under all services provided by the firm.

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THE POWER OF CHOICE AT YOUR FINGERTIPS

WHAT IS IT?

PHD Retirement Consulting Choice Pooled Solutions ℠ 

POWERED BY TRANSAMERICA AND TAG RESOURCES

PHD Retirement Consulting Choice Pooled Solutions ℠ powered by Transamerica and TAG Resources revolutionizes retirement planning in the industry, providing a comprehensive array of pooled solution that gives clients various options. Whatever size business you have, PHD Retirement Consulting Choice Pooled Solutions℠ offers plans tailored to uniquely meet your needs while providing competitive pricing that generally goes hand-in-hand with large-scale setups.

 The flexibility to meet your needs

PHD Retirement Consulting Choice Pooled Solutions ℠ product is unique because it consists of two plan configurations:  Retirement Plan Exchange® and Choice Pooled Employer Plan ℠. 

  COMPARING YOUR OPTIONS  

RETIREMENT PLAN EXCHANGE®

Choice pooled employer plan ℠.

PHD Retirement Consulting Choice Pooled Solutions℠  takes on over 90% of your Administrative Responsibilities

YOUR RESPONSIBILITIES WITHOUT The PHD Retirement Consulting Choice Pooled Solutions ℠

• 3(38) Investment manager

appointment

• 402(g) Limit reporting

• 404(a)(5) Notice distribution

• 404(c) Notice distribution

• 408(b)(2) Notice distribution

• Annual discrimination and

 coverage testing

• Annual fee negotiations

 with vendors

• Audit completion support

• Audit firm hiring and   

   monitoring

• Auto enrollment notice       

  distribution

• Beneficiary designation     

   form maintenance

• Beneficiary determinations

• Blackout notice

• Census review

• Corrective distributions

• Death benefit approval

• Distribution reporting

• DOL and IRS issue

resolution assistance

• Eligibility calculations

• Eligibility notifications

• Employer contribution monitoring

• ERISA bond review

• Error correction monitoring

• Fiduciary insurance

coverage review

• Force out processing

• Form 5330 preparation

• Form 5500 preparation,

signing, and filing

• Form 8955 preparation,

• Fund change notice distribution

• Hardship withdrawal approval

• Loan approval and reporting

• Loan default monitoring

• Loan policy administration

• Lost earnings calculations

• Participant enrollment assistance

• Payroll aggregation

• Payroll file aggregation

• Plan design review

• Plan document interpretation

• Plan document preparation

and archiving

• Plan irregularity notification

• QDIA notice distribution

• QDRO determinations and

• Quarterly investment

review meetings

• Rate change monitoring

and reporting

• Required minimum distributions

• Safe harbor notice distribution

• SAR production and distribution

• SMM notice distribution

• SPD production and distribution

• Spousal consent approvals

• Termination date verification

and maintenance

• Termination withdrawal approval

• Trustee duties

• Review and submit payroll files

• Vesting verification and tracking

• Year-end data collection and review

YOUR RESPONSIBILITIES WITH PHD Retirement Consulting choice pooled solutions ℠

TAKES ON OVER

OF FIDUCIARY RESPONSIBILITIES

• Year-End Data Collection
• Upload Payroll Files
• Monitor Service Providers

An employer who sponsors a retirement plan for their employees has overriding fiduciary responsibility for the plan. This solution allows the employer to outsource that responsibility to the highest degree.

LET US MAKE YOUR JOB EASIER

Improve accuracy, save time and effort 

SIMPLIFIED PAYROLL AND RECORDKEEPING

PayStart provides a service for qualifying clients that allows contribution data to be sent directly from the payroll vendor to Transamerica, eliminating the need for the plan sponsor to create and manipulate a separate file. This can help your organization:

Transfer of participant compensation, contribution, and other data to Transamerica happens automatically and securely

REDUCE COSTS

Payroll uploads and deferral changes are no longer timeconsuming tasks, allowing for more efficiency

IMPROVE ACCURACY

Automated integration reduces opportunities for compliance issues and can save your staff time from dealing with errors

ENHANCE PRODUCTIVITY

With automation, staff can recover their time and focus on other important matters

THE BEDROCK REPORTING SYSTEM ™

TAG RESOURCES PROPRIETARY SOFTWARE

With data gathered from contribution files from the plan sponsor and recordkeeper, TAG can match employees with specifics provided in the plan document to determine eligibility and verify participant information. In addition, the system captures rate changes, new loans, and hardship withdrawals and monitors contributions and distributions to ensure compliance with plan documents and [401(k)/403(b)] limits. Every step in the process is time-stamped, so the complete data cycle is monitored. The system allows TAG to monitor operational health and catch minor errors before exposing the plan to compliance violations.

The bottom line:

Employers can focus on their business rather than running a retirement plan

ADVANTAGES & CORE BENEFITS

The Advantages of The PHD Retirement Consulting Choice Pooled Solutions ℠

Employers don’t want fines or penalties. TAG Resources' processes are developed to administer plans to be DOL and IRS compliant.

Well Known Providers

Employers want to work with industry leaders. PHD Retirement Consulting combines industry-leading professional service providers for “end-to-end” retirement plan oversight, including robust tools and resources for employees.

Make It Simple

Employers don’t want to be 401(k)/403(b) experts. TAG Resources oversees plan set-up, implementation, monitoring, enrollment, and other duties.

Fiduciary Protection

Employers don’t want to be at risk. By shifting administrative and certain named fiduciary duties to TAG Re, employers can mitigate the most defined legal obligations and responsibilities.

Cost Effective

Employers don’t want to overpay. PHD Retirement Consulting is built on a pooled pricing model and often costs less than other programs offering fewer comprehensive services.

A DEDICATED TEAM behind PHD Retirement Consulting  Choice Pooled Solutions ℠

MEET THE TEAM

Troy Redstone CPFA®

Troy redstone.

RECORDKEEPER

Transamerica.

PLAN ADMINISTRATOR TYPE 3(16) & 402(a)

Tag resources, investment manager, lpl financial.

PHD Retirement Consulting

DRIVING PARTICIPANT SUCCESS

At any time, employers are easily integrated , enrolled , and tracked in the Transamerica platform.

PARTICIPANT EXPERIENCE

Transamerica equips participants with a comprehensive retirement experience that grants insights into their financial future. Powered by Morningstar’s sophisticated methodology, the Your Retirement Outlook® app simplifies complex investments and guides participants toward achieving their personalized income goals in retirement. Using simple weather icons, the app shows participants if their current investment strategy is likely to produce the income they’re seeking in retirement.

As of December 31, 2022

Let Us Tell You More. Contact Us Now.

[email protected]

913-991-1527

TRANSAMERICA PYRAMID LOGO, RETIREMENT PLAN EXCHANGE , and  YOUR RETIREMENT OUTLOOK  are all service marks of Transamerica Corporation. Securities offered through Transamerica Investors Securities Corporation (TISC), member FINRA, 440 Mamaroneck Avenue, Harrison, NY 10528. TAG Resources, Inc., is a wholly owned subsidiary of Transamerica, but there are no other affiliations between the two and any other organization referenced. 

Important: The projections or other information generated by the engine (which produces  Your Retirement Outlook ®) regarding the likelihood of various investment outcomes are hypothetical, do not reflect actual investment results, and are not guarantees of future results. Results derived from the tool may vary with each use and over time.

The Choice Pooled Solution℠ is not a traditional multiple employer plan (MEP). Unlike a traditional MEP, certain plan qualification and ERISA requirements are applied at the individual plan/participating employer level. Pooled employer plans (PEPs) are a new type of multiple employer plan for which the Department of Labor (DOL) and IRS guidance is still pending in a number of areas. An employer participating in the plan retains certain fiduciary responsibilities, including responsibility for selecting and monitoring the 3(16) plan administrator as well as the Pooled Plan Provider (PPP), for determining the reasonableness of service providers’ fees, and for periodically reviewing the plan as a whole. Among other responsibilities, the PPP acts as the 3(16) plan fiduciary (or delegates another entity to serve in such capacity). Transamerica does not act as a 3(16) plan fiduciary.

The  Retirement Plan Exchange ®/ Group Plan Solution  is not a multiple employer plan (MEP). Unlike a MEP, certain plan qualification and ERISA requirements are applied at the individual plan level. An employer participating in the plan retains certain fiduciary responsibilities, including responsibility for retaining and monitoring the 3(16) plan administrator, for determining the reasonableness of its fees, and for periodically reviewing the plan as a whole. Transamerica does not act as a 3(16) plan fiduciary.

©2023 Transamerica Corporation. All rights reserved.

©2023 Rev8lation Media LLC 

2691907 2/23

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Early Careers: Retirement Actuarial Internship – Philadelphia – Summer 2024

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The Business

Create your future.   Join our Retirement consulting team in providing expertise in retirement consulting to support global organizations in optimizing the effectiveness of their employee retirement. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing, communicating, governing and employee management that fits their specific goals.  You will also learn about all the services that Willis Towers Watson offers their clients and how they complement and enhance our retirement consulting practice. 

  Explore an opportunity.   Gain direct exposure to real client assignments and meetings which will draw on your imagination and creativity as well as your ability to analyze data, solve problems, develop solutions, and share your results.  In this role, you’ll experience a balance of expanding your technical and industry knowledge and developing your problem solving and communications skills, while benefiting from working in a close-knit and supportive team environment.   

Learn the industry.  Kickoff the internship at a multi-day session with other interns across the local region to network and learn about WTW from various leaders amongst the Retirement business. Throughout the summer, engage in a robust training program within your local office in order to enhance your understanding of basic pension consulting.  

Grow with mentorship.  You will have close interaction and support throughout the summer from your very own Lead Retirement Consultant mentor. This consultant will work with you on client assignments, give you an inside look at how the business works, and advise you on future career growth .  

Work towards becoming a credentialed actuary.  Accepted applicants will be eligible for a comprehensive actuarial exam study program, including paid study hours and exam coaching to assist in attaining an accredited actuarial designation. 

Love your work.   You will partner with consultants to provide technical actuarial and consulting support on projects like: 

• Designing, funding, pricing, and the implementation and management of retirement programs
• Preparing and assistance with the delivery of client presentations and communications
• Competitive benchmarking analysis of benefit plan designs
• Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers & acquisitions)
• Forecasting future pension plan costs
• Performing annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients
• Assisting with completion of plan reporting and filing requirements
• Performing plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements
• Analyzing de-risking options for defined benefit plans (bulk lump sums, retiree annuity purchases, plan terminations)
• Progress towards a Bachelors or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0 (Junior standing preferred; Sophomore considered with other relevant internship experience)
• Successful completion of one or more actuarial exams highly preferred
• Work experience that demonstrates strong technical and/or client service skills
• Passion for solving problems and sharing solutions to exceed the standards of the client
• Ability to be a self-starter and work independently, but also cooperatively in a close team environment
• Excellent oral and written communication skills
• Excellent Microsoft Office skills, particularly in Excel
• Accepting applications from candidates that graduate with a Bachelor’s or Master’s degree between December 2023 through June 2025

The Application-Interview Process:

Step 1: Online application, including resume/CV

Step 2: Online assessments and Video Interview

Step 3: Virtual Interview with business

Step 4: Offer and on-boarding

Compensation and Benefits

Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation

The hourly rate being offered for this role is $26-$33/hr. USD.

This role is also eligible for over-time.

Company Benefits

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).

WTW Work Flex:

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution. Visit our career site for more information: https://careers.wtwco.com/wtw-work-flex/

Recruiting tips:

WTW specializes in preparing for the unknown. Here’s how to get ready for the big day: https://careers.wtwco.com/hints-and-tips/

EOE, including disability/vets