Business Retirement Account Specialists for Physicians

This page lists recommended service providers for setting up retirement plans, such as small business 401(k)s, SIMPLE IRAs, and Defined Benefit/Cash Balance Plans.

If you are a business owner with employees, excluding you and your spouse, you must understand your practice and the cost and benefits of each plan. Depending on your specific circumstances, a SIMPLE IRA, SEP IRA, or 401(k) can be the best choice, so it’s essential to understand the nuances between the three to decide which suits your situation.

The providers on this page can help you study your practice and determine which is best for your company.

Business Retirement Account Specialists for Physicians

iQ401k (Division of FPL Capital Management) specializes in providing a true “open architecture” workplace retirement plan for medical and law practices.

iQ401k offers its retirement plan platform using Vanguard Retirement Plan Access™. They are also CEFEX Certified in addition to providing ERISA 3(38) and 3(21) fiduciary services for 401(k)s and Defined Benefit/Cash Balance plans.

Their key plan features include Pre-Tax, Roth, After-Tax (Mega Backdoor Roth), and Self-Directed Brokerage Accounts. They also have a robust investment lineup consisting of low-cost passive index funds and professionally-managed asset allocation models.
Services are offered flat-fee with a standard base annual fee and a one-time setup fee. One important note is that, for new or start-up plans, they charge 0.70% of assets until plan assets reach $357,000.
FeesFlat Fee – $2,500 annual fee plus $200 per participant
One-time setup fee of $2,500 plus $100 per participant
New or start-up plans – 0.70% until plan assets reach $357,000.
No AUM fee
Contact InformationP: (888) 401K-375
E: Info@iQ401k.com
W: iQ401k
Vetting ApplicationiQ401k Vetting Application
iQ401k ADV2


They set up and manage retirement plans, including 401(k) and Defined Benefit/Cash Balance plans for solo and group medical and dental practices.

They work almost exclusively with doctors and dentists nationwide and are highly experienced in physician-specific issues when setting up retirement business accounts. They have helped physician offices nationwide.
As an ERISA 3(38) fiduciary, they pride themselves on ensuring that your practice’s plan is the most cost-effective, managed prudently, and has minimized sponsor fiduciary liability.
Litovsky Asset Management charges a flat/fixed fee rather than an AUM fee. They use low-cost indexes and passively-managed funds (including Vanguard and DFA) to build model portfolios with an average expense ratio of 0.14%. Retirement plan advisory fees range from $3,600 to$20,000, with discounts available for multiple plans and no fees ever taken out of participant accounts.
If you want to set up a 401(k) or a Cash Balance plan for your practice, contact Litovsky Asset Management and let their years of experience with physicians help you today.
FeesAdvisory Fees – From $3,600 to $20,000,
with discounts available for multiple plans
No AUM Fee
Contact InformationP: (508) 292-8380
W: Litovsky Asset Management
Vetting ApplicationLitovsky Asset Management Vetting Application


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