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NWPS News

NWPS Hires Shanley Johndrow as Vice President of Client Services

July 13, 2020 - SEATTLE, WA. (BUSINESS WIRE)—NWPS announced today that Shanley Johndrow has been hired as Vice President of Client Services for the Mill Creek, WA office. Johndrow will be responsible for developing and leading a team of dedicated retirement plan professionals who work directly with plan sponsors, advisors and attorneys to provide high touch, consultative, reliable service. Johndrow joins NWPS with more than 30 years of retirement plan experience with Standard Retirement Services and predecessor companies. Most recently Johndrow served as AVP, Plan Services for The Standard. “I am excited to welcome Shanley to the team,” said Tim Wulfekuhle, President and CEO of NWPS. “She adds leadership depth to our Mill Creek Office and management team as a whole and brings a wealth of retirement plan, customer relations and management experience to her role at NWPS. Johndrow holds a B.S. in Business Administration from University of Washington and is FINRA licensed.   About NWPS NWPS was founded in 1994 to provide high-quality service to retirement plan sponsors and advisors. Specifically, we provide comprehensive retirement plan administration, recordkeeping, compliance and participant services. We also provide consulting, employee communication and actuarial services to the sponsors of retirement, health and welfare, and financial security programs. For

NWPS COVID-19 Update

First and foremost, our thoughts and prayers are with the individuals and families most affected by the COVID-19 outbreak, and our profound gratitude goes out to the medical first responders and the every-day, hard-working Americans who are delivering our food, stocking the shelves and manning the gas stations. At NWPS, we take our responsibilities to our clients, plan participants, and staff very seriously. During this COVID-19 pandemic, our top priority is keeping everyone on our team healthy so they can continue to perform their jobs while doing our civic duty to help slow the pace of infection. With that in mind, we have implemented a plan that ensures, from your perspective and the perspective of your plan participants, it will be business as usual, and we are committed to keeping the quality of our services and our responsiveness at the level you expect from us. Rest assured that contributions are being processed, phones are being answered and distribution checks are being sent. Because of our careful planning, we are confident we have the infrastructure and processes in place to be successful. We will keep you posted as new events develop, but in the meantime, don’t hesitate to reach out to us if

Actuarial Services Need Not be a Black Box

A defined benefit (DB) or cash balance (CB) plan is more than just an employee benefit.  Properly structured, a DB or CB plan can be an elegant tool to help manage cash flow, maximize profitability, and super charge the retirement accounts of key employees and business owners. For many advisors and indeed even for most plan sponsors, the actuarial services for a DB or CB plan remain a mystery, in a black box somewhere.  It appears that actuarial service providers have taken their eye off the ball for all but the largest of clients.  Often, the only time a client hears from their service provider is when the annual funding notice comes detailing the amount that must be contributed to the plan. That’s not the way Northwest Plan Service (NWPS) operates. We open the black box to explain how the calculations are constructed and how to use the plan to meet business objectives.  With the client’s long term goals in mind, NWPS can develop a multi-year funding strategy that best meets the goals for cash flow, balance sheet considerations, maximizing tax-deferrals and minimizing PBGC premiums.  We carefully monitor the plan and the rate of accrual for benefits.  We’ll then provide a quarterly scorecard

Nashville 401k Race for Financial Fitness

At the recent NAPA industry conference, NWPS helped sponsor the Nashville 4.01k Race for Financial Fitness™.  This race was locally sponsored by Avondale Partners, a perennial PLANADVISER Top 100 Retirement Plan Adviser (and NWPS partner) and proceeds benefited Junior Achievement of Middle Tennessee. The concept of the 4.01k Race for Financial Fitness™ was launched by Jason Chepnik and his Smarter Tomorrow Foundation™ in 2015.  The Smarter Tomorrow Foundation™ is on a mission to give every kid from every community a fair shot at a strong financial future.  By spearheading the 4.01K Race for Financial Fitness™ and other initiatives that promote financial education for the next generation, the foundation will empower kids across the nation to take charge of their finances and their life.  Since 2015 more than $250,000 has been donated to financial literacy programs for children. We were delighted to participate in this worthy cause, even to the point of running through a deluge of rain.  Pictured above (left to right) Jordan Sibler, Avondale Partners; Steve Glasgow, Avondale Partners, Tom O’Brien; NWPS and Erich von Bereghy; NWPS. Thanks to Jason Chepnik for founding this worthy cause and Avondale Partners for hosting and sponsoring in Nashville.