Mike Kiley
Qualifications or certifications: American Society of Pension Professionals and Actuaries (ASPPA) qualified pension administrator (QPA) Qualified 401(k) Administrator (QKA); Series 65 licensed as a registered investment advisor representative.
Alumni: Purdue University, B.S. Mathematics/Actuarial Science
Mike Kiley is a veteran of more than 16 years in the corporate retirement plan industry, with a focus on defined contribution and defined benefit plan design and consulting.
A passion for the investment side of the business has allowed Mike to flourish as a consultant, where he develops relationships with investment advisors who partner with Nyhart to offer our retirement solutions. Clients appreciate his ability to articulate investment and plan design issues and is regularly turned to for advice on matters affecting plan design and general industry trends. He also is involved with 401(k) plan design and helps clients interpret the rules and regulations with regard to the IRS and Department of Labor.
Series 65 certified, Mike also consults participants directly, conducting investment education for participants in both group and one-on-one settings, explaining the importance of saving in their 401(k) plan, how the programs work and answers questions, and attends annual reviews of the plans. He educates clients on complicated plan matters, as well as working with clients to make changes in plans.
Prior to joining Nyhart in 2002, Mike worked for the regional pension consulting firm McCready and Keene, the global firm Ernst and Young in their Human Resource Consulting division and the financial planning firm AXA Advisors.
An avid runner, swimmer, and guitarist, Mike is married and has three daughters.
401(k), 403(b), nonqualified deferred compensation plans, plan design, consulting, defined benefit pension plans, combo plans, investment advisor partnerships, plan participant education
What happens if disclosure isn’t made as required under ERISA §404(a)(5)?
The failure to disclose would be considered a breach of fiduciary duty. The DOL does not have any penalties that apply for failure to comply. However, the breach could be [...]When must disclosure be made under ERISA §408(b)(2) regulations?
For new agreements, the disclosures must be made before the plan fiduciary agrees to hire the service provider and it must to given enough in advance to permit the fiduciary [...]To whom is disclosure made under the final ERISA §408(b)(2) regulations?
The disclosure is made to the “responsible plan fiduciary,” defined in the regulations as a fiduciary with authority to cause the covered plan to enter into, or extend or renew, [...]Copyright 2011 All Rights Reserved. Nyhart®