Preferred Pension Solutions
Preferred Pension Solutions is a privately held Wichita, Kansas-based professional services firm that administers and consults on employer-sponsored qualified retirement plans, providing plan design, recordkeeping, compliance testing, and consulting services directly to employers.
- Company typePrivate
- Founded2003
- HeadquartersWichita, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Preferred Pension Solutions does
Preferred Pension Solutions, LLC is a privately held professional services firm founded in 2003 and headquartered in Wichita, Kansas, that administers and consults on employer-sponsored qualified retirement plans. The firm serves companies and organizations seeking comprehensive retirement plan administration, consulting, and compliance services for their employee benefit programs, addressing pain points around the complexity of plan administration duties, compliance requirements, and decision-making in a cost-effective manner.
The company's core offering is organized around four service areas: Plan Design and Implementation, Plan Recordkeeping and Administration, Retirement Plan Consulting, and Compliance Testing and Government Reporting. These services follow a three-step process (Design, Implement, Administer) and are delivered as full-service, ongoing engagements rather than discrete product purchases. The firm does not disclose any proprietary technology platforms; its digital presence is built on FMG Suite's website and content management system, supplemented by a resource center featuring financial calculators, educational videos, written articles, a secure data transfer tool, and tax resources. The firm is CCPA-compliant as of January 1, 2020.
Preferred Pension Solutions operates on a professional services fee model with quote-based, consultation-driven pricing. Its go-to-market is sales-led and direct: prospective clients engage through website contact forms and scheduled consultations, with no intermediaries or channel partners involved in service delivery. The firm operates from a single Wichita, KS office with 1-10 employees and serves a domestic, primarily regional market, with founder Pat Clark serving as Founder & President. There are no disclosed external investors, parent companies, subsidiaries, or ownership changes.
Preferred Pension Solutions firmographics
Firmographics- Name
- Preferred Pension Solutions
- Legal name
- Preferred Pension Solutions, LLC
- Website
- https://pref-solutions.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Preferred Pension Solutions is a privately held Wichita, Kansas-based professional services firm that administers and consults on employer-sponsored qualified retirement plans, providing plan design, recordkeeping, compliance testing, and consulting services directly to employers.
- Ownership category
- akta.pro rank
Preferred Pension Solutions industry classification
Industry- Product category
- Retirement Plan Administration
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)
- akta.pro secondary industries
- Benefits Administration (BPACAPAC), Benefits Administration & Enrollment Support (BPAAAIAB)
Keywords
Where Preferred Pension Solutions is headquartered
LocationHeadquarters
- HQ city
- Wichita
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Preferred Pension Solutions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Retirement Plan Administration Services: Preferred Pension Solutions generates revenue through professional service fees for retirement plan administration and consulting. The company provides full-service employer-sponsored retirement plan administration including plan design, implementation, administration, and compliance services. Revenue is derived from ongoing service contracts with employers for qualified retirement plan management.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Preferred Pension Solutions product offering
Product offeringCore offering
Preferred Pension Solutions provides full-service administration and consulting for employer-sponsored qualified retirement plans. The firm guides employers through plan design, implementation, ongoing recordkeeping and administration, consulting, and compliance testing with government reporting, using a three-step Design, Implement, and Administer process.
Product overview
Preferred Pension Solutions provides a suite of employer-sponsored retirement plan administration and consulting services. The core offering consists of four main service areas: Plan Design and Implementation, Plan Recordkeeping and Administration, Retirement Plan Consulting, and Compliance Testing and Government Reporting. These services work together through a three-step process (Design, Implement, Administer) to help organizations manage their qualified retirement plans. The company supplements its core services with educational resources including financial calculators (retirement, investment, estate, insurance, tax, money, and lifestyle categories), video content library, and written articles. Additional tools include Secure Data Transfer for sensitive data and tax resources. The overall portfolio operates as a full-service retirement plan administration platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Plan Design and Implementation
- Plan Recordkeeping and Administration
- Retirement Plan Consulting
- Compliance Testing and Government Reporting
Companies that use Preferred Pension Solutions
Customer profileSegments1 record
Ideal customer profiles1 record
Preferred Pension Solutions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Preferred Pension Solutions partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights3 records
Preferred Pension Solutions competitors and assessment
Company assessmentBroad incumbents
- Empower Retirement: One of the largest U.S. retirement plan recordkeepers and administrators, serving plans of all sizes. Represents the scaled competitive incumbent that Preferred Pension Solutions competes against in RFPs.
- Fidelity Investments: Major recordkeeper offering retirement plan administration, investment options, and participant services for employer-sponsored plans. Broad incumbent with overlapping capabilities in the same market.
- Paychex: Payroll and HR services provider with retirement plan administration capabilities for small and mid-sized businesses. Adjacent competitor offering bundled retirement plan services within a broader HR/payroll stack.
- Vanguard Retirement Plan Services: Recordkeeping and administration for employer-sponsored retirement plans, bundled with Vanguard's investment offerings. Scaled incumbent alternative for plan sponsors evaluating TPAs.
- Charles Schwab Retirement Plan Services: Provides recordkeeping and administration for employer-sponsored retirement plans as part of Schwab's broader wealth platform. Large incumbent in the same retirement plan services category.
Direct peers
- Plan Administrators Inc. Third-party administrator specializing in design, installation, and ongoing administration of qualified retirement plans. Closely matches Preferred Pension Solutions' TPA service model and target customer profile.
- Sentinel Benefits & Financial Group: Provides retirement plan administration, consulting, and compliance services to employers alongside group benefits. Comparable as a mid-sized retirement plan services firm selling directly to employer plan sponsors.
- July Business Services: Third-party administrator of retirement plans for small and mid-sized businesses, focused on plan design, compliance, and administration. Comparable boutique TPA competing for the same employer segment.
- SageView Advisory Group: National retirement plan advisory and consulting firm providing plan design, investment advisory, and compliance services to employer-sponsored plans. Directly comparable in serving as an outsourced retirement plan consultant to mid-market employers.
- ERISA Services, Inc. Independent third-party administrator of qualified retirement plans, offering design, compliance testing, and government reporting. Similar service mix and target customer base to Preferred Pension Solutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Preferred Pension Solutions social profiles
Digital presencePreferred Pension Solutions compliance and trust
Trust signalCompliance1 record
Preferred Pension Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Preferred Pension Solutions leadership team
Management profileNumber of profiles
Profiles1 record
Preferred Pension Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Preferred Pension Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Preferred Pension Solutions
What does Preferred Pension Solutions do?
Preferred Pension Solutions provides full-service administration and consulting for employer-sponsored qualified retirement plans. The firm guides employers through plan design, implementation, ongoing recordkeeping and administration, consulting, and compliance testing with government reporting, using a three-step Design, Implement, and Administer process.
Is Preferred Pension Solutions a public or private company?
Preferred Pension Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Preferred Pension Solutions founded?
Preferred Pension Solutions was founded in 2003. It employs 1 to 10 people.
Where is Preferred Pension Solutions based?
Preferred Pension Solutions is headquartered in Wichita, United States, in the North America region.
How does Preferred Pension Solutions make money?
One revenue line is on record: retirement Plan Administration Services.
Who are Preferred Pension Solutions's main competitors?
Broad incumbents on record are Empower Retirement, Fidelity Investments, Paychex, Vanguard Retirement Plan Services and Charles Schwab Retirement Plan Services. Direct peers are Plan Administrators Inc., Sentinel Benefits & Financial Group, July Business Services, SageView Advisory Group and ERISA Services, Inc..
Does Preferred Pension Solutions have an API?
No public API is recorded for Preferred Pension Solutions.
What industry is Preferred Pension Solutions in?
Preferred Pension Solutions's product category is Retirement Plan Administration. Its primary akta.pro industry code is FSAEABAE, Employer Retirement Plan Advisory (401(k)/Pension), with a secondary code of BPACAPAC, Benefits Administration. Its NAICS code is 524292 and its SIC code is 8742.