Scott Freeman Retirement Plan Consulting LLC

What Scott Freeman Retirement Plan Consulting LLC does

Scott Freeman Retirement Plan Consulting LLC, doing business as Scott Freeman 401k, is a boutique retirement plan consulting and administration firm founded in 2009 and headquartered in Myrtle Beach, South Carolina. The firm provides full-service third-party administration for qualified retirement plans, including plan design and implementation, ongoing recordkeeping, compliance testing, and government reporting (Form 5500) for plan types spanning 401(k), Safe Harbor, Profit Sharing, and New Comparability structures. The principal is Scott G. Freeman, who holds the ASPPA Qualified Plan Administrator (QPA) and Qualified 401(k) Administrator (QKA) designations and is described as having more than 25 years of retirement industry experience.

The firm serves a small-to-mid-market business client base of 100+ plans, with employee populations ranging from sole proprietors to organizations with 1,000+ employees, covering both the small business segment (1-100 employees) and mid-sized business segment (100-1,000+ employees). Technology infrastructure is described only at a general level as 'state-of-the-art computer systems,' with secure client document exchange handled through the third-party plansponsorlink.com platform and the firm's website developed and maintained by Benefit Insights. The firm does not disclose proprietary software, internal platforms, or automation tools.

Revenue is generated through professional services fees on a quote-based, annual pricing model, with go-to-market executed via direct sales supported by free no-obligation proposals and an active newsletter. The firm maintains affiliated distribution relationships with major investment providers including John Hancock, American Funds, ING (Voya), Great West, and The Hartford. There is no evidence of external funding, M&A activity, or headcount expansion; the business operates as a founder-owned professional services practice.

Name

Scott Freeman Retirement Plan Consulting LLC

Legal name

Freeman Retirement Plan Consulting LLC

Website

https://scottfreeman401k.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Boutique retirement plan consulting firm providing full-service 401(k) administration, plan design, compliance testing, and Form 5500 reporting for 100+ SMB clients with employee counts ranging from sole proprietors to 1,000+, founded in 2009 and led by a QPA/QKA-credentialed principal.

Ownership category

akta.pro rank

Product category

Retirement Plan Administration & Consulting

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

akta.pro secondary industries

Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)) (FSAAACAF), Retirement & Pension Planning (401(k)/IRA) (FSAEAAAD)

Keywords

• Retirement plan administration
• Qualified retirement plans
• 401(k) plan consulting
• Third party administration
• Plan compliance testing

Headquarters

HQ city

Myrtle Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Retirement Plan Administration and Consulting Services: Full-service consulting and administration fees for qualified retirement plans including 401(k), profit-sharing, and defined contribution plans. Services include plan design, implementation, recordkeeping, compliance testing, and government reporting.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Freeman Retirement Plan Consulting LLC is a full-service retirement plan consulting and administration firm that designs, implements, administers, and reports on qualified retirement plans (including 401(k), profit-sharing, age-weighted, safe harbor, and new comparability plans) for small and mid-sized employer clients. Core services span plan design and implementation, ongoing consulting, defined contribution recordkeeping and administration, annual compliance testing, and government reporting (including Form 5500). The firm serves more than 100 clients nationwide from its Myrtle Beach, SC headquarters.

Product overview

Freeman Retirement Plan Consulting LLC is a full-service retirement plan consulting and administration firm offering a comprehensive suite of services to employers. Their core offerings span Plan Design and Implementation (including plan document preparation and IRS compliance), Consulting Services (covering amendments, audits, and vendor searches), Defined Contribution Plan Recordkeeping and Administration (handling eligibility, contributions, loans, distributions, and participant statements), and Annual Compliance Testing and Government Reporting (including Form 5500 preparation). The firm specializes in multiple qualified retirement plan types: Profit-Sharing Plans (including Age-Weighted variants), 401(k) Plans (with Safe Harbor options), and New Comparability Plans. They serve clients ranging from sole proprietors to corporations with over a thousand employees.

Differentiator

Problem solved

Functional benefit

Products and services

• Plan Design and Implementation Professional guidance through retirement plan selection, customization, and implementation, including controlled group analysis, plan document preparation, IRS determination letter requests, and employee communication meetings for employer clients.
• Consulting Services Advisory services covering plan amendments, terminations, mergers, IRS/DOL audit assistance, plan design changes, special benefit studies, vendor searches, and plan benchmarking for employer clients.
• Defined Contribution Plan Recordkeeping and Administration Comprehensive recordkeeping and administration for defined contribution plans, including eligibility calculations, contribution allocations, loan processing, hardship withdrawals, distribution calculations, trust account reconciliation, and customized participant statements.
• Annual Compliance Testing and Government Reporting Compliance services including contribution deductibility calculations, annual additions testing, top heavy testing, coverage testing, ADP/ACP testing, non-discrimination testing, Form 5500 preparation, and Summary Annual Report preparation.
• 401(k) Plans Employee-directed qualified retirement plan allowing pre-tax and/or Roth after-tax payroll contribution deferrals up to annual IRS limits, with optional employer matching and catch-up contributions for employees age 50 and older.
• 401(k) Safe Harbor Plans 401(k) plans designed to satisfy Safe Harbor requirements, eliminating nondiscrimination testing through minimum employer contributions and 100% vesting of employer contributions used to satisfy Safe Harbor requirements.
• Profit-Sharing Plans

Quantifiable outcome

• Serves over 100 clients ranging in size from one to over a thousand employees

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights2 records

Broad incumbents

• Empower Retirement: One of the largest US retirement plan recordkeepers and administrators serving plans of all sizes, including the SMB segment Freeman targets. Provides integrated recordkeeping, administration, and investment platforms as a broad incumbent competing for the same employer clients.
• Schwab Retirement Plan Services: Large 401(k) recordkeeper and plan administration provider offering integrated platform services to employers of all sizes. Represents a scaled incumbent competing for the SMB 401(k) market Freeman targets.
• Fidelity Workplace Investing: Major recordkeeper offering 401(k) and defined contribution plan administration, investment menus, and digital participant tools across all employer sizes. Competes head-on with boutique advisors in the SMB market through bundled platform offerings.
• Vanguard Institutional Retirement Plan Services: Large-scale 401(k) recordkeeper and plan administration provider with low-cost fund menus and bundled services. A scale incumbent that competes for the same small and mid-sized employer plan sponsors Freeman serves.

Direct peers

• NFP Retirement: Retirement plan advisory and consulting division of NFP offering plan design, compliance, and advisory services to small and mid-sized employers. Comparable boutique advisory model serving the same SMB 401(k) and defined contribution market.
• Alliance Benefit Group: Retirement plan administration, design, and consulting firm serving qualified plans across SMB and mid-sized employers. Comparable in delivering full-service plan administration, compliance testing, and consulting to similar plan sponsor segments.
• CAPTRUST: One of the largest independent retirement plan advisory firms in the US, providing 401(k) and defined contribution plan consulting, investment advisory, and plan design services to employers across the SMB to mid-market spectrum. Directly comparable as a retirement plan consulting practice serving plan sponsors with similar service lines.
• SageView Advisory Group: Specialized retirement plan consulting firm focused on 401(k), 403(b), and defined benefit plans for SMB and mid-sized employers. Comparable in niche focus, service scope (plan design, compliance, investment advisory), and target client profile.
• DWC - The 401(k) Specialists: Boutique 401(k)-focused consulting, design, and administration firm serving small to mid-sized plan sponsors with a similar full-service model. Closely comparable to Freeman in target market, service scope, and SMB positioning.
• OneDigital: Employee benefits and retirement plan services firm that bundles retirement plan advisory, design, and administration for SMB employers. Comparable in serving small and mid-sized plan sponsors with full-service retirement consulting capabilities.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/scott-freeman-retirement-plan-consulting-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scott Freeman Retirement Plan Consulting LLC