PLANADVISER - March/April 2019 - 33

LOCATION: Overland Park, Kansas
PLAN ASSETS UNDER ADVISEMENT: $4 billion
MEDIAN PLAN SIZE, IN ASSETS: $3.6 million
PLANS UNDER ADMINISTRATION: 363
PARTICIPANTS: 90,000
NUMBER OF ADVISERS: 16
ADVISER TEAM MEMBERS: 40
As of December 31, 2018
folio management, employees focused
on ensuring
compliance with the
Employee Retirement Income Security
Act (ERISA) and tax and financial planning
specialists-provides clients with
service efficiency, as well as expanded
programs and services.
" We employ our team members to
make decisions, " Morris says.
" Team
members are encouraged to become
problem-solvers, not just problem-identifiers,
which really shapes our culture. "
The breadth of support personnel
allows the team to offer whatever the
plan sponsor client needs in order to
manage its fiduciary responsibilities.
This includes fiduciary training for the
plan committee, because, Morris says,
many plan sponsors " recognize they
have duties but they still lack the tools
and resources to comprehend the legal
landscape and the industry trends,
and to work through the decisions they
face as plan fiduciaries. "
As to what the Bukaty team takes
the most pride in, Morris says it is
lifting up its clients' participants:
" We take the most pride in helping as
many people as possible become more
financially sound. Our retirement
plan clients include almost 100,000
employees. We have a retirement crisis
in the U.S., and we want to achieve
the highest amount of coverage and
participation. We proudly believe that
everyone deserves advice, and we
From left: Jason Hoffman, Katie Kirchner and Vince Morris
recognize that simple, personalized
advice will have a great impact. "
The Bukaty team benchmarks
client plans each year, using a variety
of sources and tools, including those
from PLANSPONSOR magazine and
Fiduciary
Benchmarks.
Evaluating
a plan against its prior year's statistics
ensures that it continues to make
progress toward its readiness goals.
" Not all plans can implement a
generous match right away, " Morris
concedes. " However, with our assistance,
we help them bridge the gap of
what they can do today versus where
they want to be in the future. We
continue to review and benchmark
each plan's progress toward its goals. "
Bukaty
Companies
Financial
Services gets most of its new clients
through referrals from current clients
or the broader Bukaty Companies
entity. " We're fortunate, " Morris says.
" Due to our service model, many of our
clients have become raving fans, and
so most of our new business comes to
us by way of referrals. We also have a
great relationship with the health and
insurance arms of Bukaty Companies
and often engage with clients of those
divisions, as well.
" Our advisers are always looking
for new opportunities to reach new
plan sponsors in need of our services
and have built relationships from
cold calling and providing a range of
educational events such as fiduciary
training, " Morris says. -Lee Barney
planadviser.com March-April 2019 | 33
http://www.planadviserdigital.com/planadviser/march_april_2019/TrackLink.action?pageName=33&exitLink=http%3A%2F%2Fplanadviser.com
PLANADVISER - March/April 2019

Table of Contents for the Digital Edition of PLANADVISER - March/April 2019
