Retirement Plan Services
Our comprehensive retirement plan solutions rival those of the largest firms, while our focus on building strong and lasting relationships sets us apart from the competition. We provide a full range of services to help you and your employees make the most of your company sponsored retirement plan.
We can help consultants and plan sponsors choose the right employee retirement plan for your organization. Call 800-285-9559 and we will contact you at your convenience.
A Full Range of Solutions
We offer a comprehensive range of services for employer-sponsored retirement plans, including:
- Profit sharing plans
- 457 plans
- Employee stock ownership plans
- Defined benefit pension plans
- Cash balance plans
- Non-qualified deferred compensation plans
Full-Service Solutions for Employers and Employees
For decades, we've helped companies implement creative and thoughtful retirement plan solutions. We can help you craft an effective retirement plan through our comprehensive suite of services, including:
- Plan design consulting
- Participant record keeping
- Trustee and fiduciary services
- Investment advisory services in a fiduciary capacity
- Plan compliance and full testing services
- True open architecture offering complete investment flexibility
- Online tools, account access and reporting
- Employee education and investment guidance services
Commitment to Personal Service
You’ll work with a dedicated BOK Financial relationship manager, an experienced professional committed to delivering services and solutions — timely, accurately and according to your expectations.
Comprehensive Plan Design Consulting
All new relationships start with a thorough review of the existing plan document. We will help you design a plan that meets your goals and objectives while looking for opportunities to create operational efficiencies and possibly save you time and money. In addition, we will prepare all plan documentation and forms and amend the documents whenever new regulations mandate.
Investment Fiduciary to the Plan
When serving as the Investment Fiduciary to your plan, we'll help you develop an investment menu, offering plan participants an array of choices to create well diversified investment portfolios. We’ll also introduce you to various professionally managed options for participants who prefer to leave the asset allocation decisions to investment professionals. With virtually every mutual fund available to us, we offer one of the most comprehensive investment offerings in the industry — with no requirement to select specific funds. Available investment options include:
- Virtually any NSCC eligible mutual fund
- Professionally managed portfolios with risk/reward or target retirement date objectives
- Low-cost institutional funds
- Collective trust funds
- Self-directed account option
Helping You Meet Your Fiduciary Duties
When serving as the Investment Fiduciary to the plan, we'll help you fulfill your fiduciary responsibility to plan participants by screening and analyzing the plan's investment choices. On an on-going basis we’ll monitor performance and provide in-depth analysis and recommendations. We’ll also conduct comprehensive plan and investment reviews, which document our fiduciary process. Separately, our compliance professionals help you satisfy your fiduciary duties by providing:
- Plan design consulting
- Prototype plan document services
- Compliance testing and resolution
- Form 5500 preparation, including all schedules
- Year-end financial reports and annual plan audit package
- Hardship withdrawal administration
- Minimum required distribution calculations
- QDRO administration
Seamless Conversion Process
Once your plan design is complete, our conversion team will manage the entire conversion process for you, utilizing a detailed project plan and timeline. You’ll receive regular status reviews and updates, as we strive to maintain our 100% on-time success rate. And as plan sponsor, you’ll have online access to detailed participant- and plan-level information, 24 hours a day, seven days a week.
Your Own Plan Promotions Program
Our team will take care of promoting your retirement plan throughout the company. Your employees will receive a complete package of information and enrollment materials. In addition, we’ll host onsite enrollment meetings at the times and places convenient for your workforce. We use a proven presentation to demonstrate the benefits of employer-sponsored retirement plans and educate your employees on the available investment options.
Furthermore, we offer a full range of services to keep your plan participants updated and informed and to encourage participation in the plan. For example, we provide:
- Quarterly statements
- Quarterly newsletters
- Plan awareness materials
- Workshops and seminars
- One-on-one guidance and planning assistance
Empowering Your Employees with Personalized Guidance
In addition to group meetings, our training specialists are available for one-on-one meetings with your employees to explain the plan provisions and investment options and to help participants evaluate appropriate investment alternatives.
For employees who want an even greater level of individual consultation, comprehensive financial planning services are available from licensed financial advisors through our affiliate BOK Financial Advisors. This complimentary service gives your plan participants the ability to develop a personal relationship with an experienced investment professional who understands the details of their retirement plan and who will work diligently to understand their short-and long-term financial goals. Your participants will receive a detailed financial plan which includes specific recommendations.
Personal Assistance Whenever Your Employees Need It
We staff an extended hours participant service center, for participants who need information or help managing their accounts. Your employees will have full access to their account information and may perform automated transactions or speak with an experienced service representative.
Access to a Comprehensive Online Retirement Resource
Access retirement account information, plan what-if scenarios for your future, and learn how best to fill your retirement gap, all via desktop, tablet or mobile.
With Start Right online, at startright.bokf.com, your employees will have 24/7 access to our website designed exclusively for retirement plan participants. Plan participants can review current account balances, view online quarterly statements, research available investment options, adjust contribution amounts and investment selections, transfer existing fund balances, update beneficiary information and more.
Your employees will also have access to our My Retire Right Planner which is a powerful projection tool that is designed to help employees determine just how much they need to save as well as an appropriate asset allocation given their risk tolerance, retirement goals, and time horizon.
In addition, your employees may access our Financial Resource Center, offering a wide range of investment guidance for every stage of life. By simply clicking on a particular age range, they will find age-specific information, including:
- Retirement Planning Guide
- Asset Allocation Tools
- Personal Financial Planning Guide
- Mutual Fund Investing Information
- Savings Calculators
- Tax Planning Tips
- Traditional and Roth IRA Information
- Estate Planning Information
- GAP Analysis Tool
- Budget Planning Tools
- College Planning Tips and Tools
The Financial Resource Center provides dozens of articles, interactive calculators and step-by-step tutorials on all aspects of financial planning. From selecting an appropriate mortgage to opening a Roth IRA; from saving for college to securing a financially sound retirement; from managing market volatility to building a diversified portfolio; from investing in tax-free bonds to structuring an air-tight will; the Financial Resource Center is a one-stop source for lifelong financial planning guidance.
Online Access Tools for Retirement Planning and Trading
Start Right. Retire Right.
Access retirement account information, incorporate it into your accounting software, plan what-if scenarios for your future, and learn how best to fill your retirement gap, all via desktop, tablet or mobile.
For Plan Sponsors and employees with self-directed accounts, Portfolio Online provides online account access to buy and sell, review account holdings and allocations, follow funds and indexes, and track returns.