Last week, Kevin Drucker, ARPC (Accredited Retirement Plan Consultant) officially joined the team here at Up Capital as the Vice President of Retirement Services! We made a video about the journey for Kevin and Up Capital earlier this week, which you can watch by clicking play below (or here).
As Anton outlines at the beginning of the video, the 401k side of our business began 20 years ago with a small plan in Novato, CA. Now the business has grown to over $90M in assets and serves more than 2,500 employees.
Kevin previously worked as the Managing Director of the Western Region for Mass Mutual, overseeing a plan total of ~$750 Million in plan assets. Prior to his role at Mass Mutual, he was employed by ADP where he worked in a similar role. With Kevin’s strong background in plan design, we believe he holds all the right skills and attributes to successfully navigate the corporate retirement space for the next 20 years.
According to this report, only 10% of advisors who are actively working in the corporate retirement plan space specialize in 401ks. Meaning, the majority of their income comes from a spread of other financial advisory work such as private wealth management. However, in a world of complicated DOL regulations and IRS mandates, having an advisor for the sole purpose of helping corporations maximize their retirement benefits is the best option. As the saying goes, “a jack of all trades, a master of none.”
Kevin represents a new chapter in our firm, and we are excited to watch him connect our culture of transparency and idea meritocracy with as many companies and employees as possible!
Welcome aboard Kevin!
Good ideas are worth sharing
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