Cut Costs. Keep Talent. Reduce Risk.
Cut Costs
Bloated plan fees quietly drain profits. Many employers overpay by thousands each year—without realizing it or getting better results.
Keep Talent
When staff feel unsupported financially, they leave—taking their experience, productivity, and trust with them.
Reduce Risk
Plan oversight isn’t optional. Miss a benchmark or fail to document a decision, and you’re exposed—personally and financially.
Cut Costs
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Administrative & investment fees matter
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Average total plan fees (admin + investment) for 401(k)s: 0.85% of assets for plans $10M+; smaller plans often pay 1.5%+.
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Switching to low-cost index funds can reduce fees by 0.50%-1.00%, saving participants thousands annually and making the plan more competitive.
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401(k) plan benchmarking:
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30% of small businesses (under $1M in assets) are overpaying for investment management.
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Employers can often save $20-$50 per employee per year just by optimizing plan fees.
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Reduce Fees
High plan fees can erode employees’ retirement savings and create dissatisfaction. LFG helps employers identify hidden administrative and investment costs, negotiate lower fees, and implement cost-efficient solutions. By reducing unnecessary expenses, we protect your employees’ retirement outcomes while making your plan more competitive, all without compromising service or investment quality.
Optimize Plan Investments
The right investment lineup drives better participant outcomes and engagement. LFG works with employers to evaluate fund performance, diversify risk, and implement strategies tailored to your workforce. By combining low-cost index options with strategic allocations, we aim to improve returns, enhance participant confidence, and ensure your plan remains aligned with fiduciary responsibilities.
Automate Plan Design
Manual plan administration can lead to errors, low participation, and missed savings opportunities. LFG helps employers implement automated solutions like auto-enrollment, auto-escalation, and safe harbor matches. These features boost employee participation, maximize contributions, and simplify plan management—ensuring your team saves more for retirement while you save time and reduce administrative burden.
The LFG Solution
Keep Talent
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Retirement benefits influence retention
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66% of employees consider retirement benefits critical when evaluating a job offer (Source: Fidelity, 2024).
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Employees with access to a 401(k) plan are more than 2x as likely to stay with their employer over 3 years compared to those without.
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Millennials & Gen Z, especially, weigh retirement plans heavily in accepting or staying in a role.
Enhanced plan features drive loyalty:
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Matching contributions: 90% of employees participate if a match is offered.
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Roth options or after-tax contributions increase perceived flexibility, improving retention.
The LFG Solution
Monthly Employee Webinars
Our monthly webinars are designed to keep employees informed, confident, and in control of their financial future. Each session covers timely topics—from retirement planning and market updates to personal budgeting, debt management, and investment strategy. Hosted by our advisors, these interactive webinars make financial literacy accessible to everyone, no matter where they are. Employees can join live or watch the replay at their convenience, ensuring no one misses out on valuable insights that can help them make smarter financial decisions.
Quarterly In-Person Seminars
Every quarter, we bring our expertise directly to your workplace for in-person seminars that foster deeper understanding and connection. These sessions are engaging, personalized, and focused on actionable strategies—covering everything from navigating market volatility to optimizing 401(k) contributions and planning for major life milestones. Our advisors take the time to answer employee questions on the spot, helping turn abstract financial concepts into real-world confidence.
One-On-One Meetings with Employees
Financial goals are personal—so our one-on-one meetings give employees the individualized attention they deserve. In these confidential sessions, we help each participant assess their retirement readiness, align their investment choices with their goals, and create a roadmap for long-term success. Whether an employee is just getting started or nearing retirement, our advisors provide tailored advice that makes the complex world of finance simple, relevant, and empowering.
Reduce Risk
The LFG Solution
Shift Fiduciary Responsibility
Managing a 401(k) or 403(b) plan exposes employers to significant fiduciary liability. At LFG, we help shift that responsibility by implementing 3(21) or 3(38) fiduciary solutions, so investment selection and monitoring are handled by experts. This not only reduces your personal liability but ensures your employees’ retirement savings are professionally managed, giving peace of mind and strengthening your company’s benefits offering.
Ensure Compliance
Navigating ERISA and IRS regulations can be complex and time-consuming, leaving employers vulnerable to audits or penalties. LFG works closely with plan sponsors to monitor deadlines, maintain proper documentation, and implement best-in-class processes. We provide proactive compliance reviews, participant disclosures, and reporting assistance, so your retirement plan operates smoothly and meets all federal requirements year-round.
Avoid ERISA Pitfalls
ERISA violations—like imprudent investment choices or testing failures—can result in costly lawsuits and fines. LFG helps employers design and maintain their plans with ERISA best practices in mind. From plan audits to fee benchmarking and participant education, we identify risks before they become problems. Our goal is to protect your company, optimize plan outcomes, and provide employees with a secure path to retirement.
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Fiduciary & compliance risk:
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Nearly 1 in 4 401(k) plans face a Department of Labor audit or fiduciary complaint over a 5-year period.
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Implementing a 3(21) or 3(38) fiduciary arrangement can shift liability away from the employer and reduce risk exposure.
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ERISA lawsuits:
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Median lawsuit settlements range from $1M-$5M, often triggered by imprudent fund selection or excessive fees.
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Plan design risk reduction:
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Automatic enrollment + safe harbor match reduces non-discrimination testing failures by 90%.
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Offering financial wellness and one-on-one coaching improves participant decision-making and reduces requests for plan exceptions or errors
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Why Partner With Lloyd Financial Group
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Custom Plan Design
Every organization is unique. We tailor your 401(k) or 403(b) plan around your goals, your workforce, and your budget — not some cookie-cutter template from a large institution.
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Hands-On Employee Education
We don’t just manage plans — we empower your employees. Through workshops, one-on-one meetings, and educational resources, we help your team understand how to build real wealth and take ownership of their financial future.
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Fiduciary-Level Oversight
We take our fiduciary duty seriously — helping protect your organization from unnecessary risk while keeping your plan compliant, transparent, and efficient.
CEO Luke Lloyd
Luke Lloyd, Founder of Lloyd Financial Group, works directly with employees to help them take control of their financial futures. Through personalized one-on-one meetings and financial coaching, Luke simplifies complex topics like investing, retirement planning, and budgeting—helping employees make confident, informed decisions. His approach turns financial education into real action, empowering teams to get the most out of their employer-sponsored plans and build lasting wealth.
CIO Colin Symons
Colin Symons, Chief Investment Officer at Lloyd Financial Group, leads our investment strategy with a focus on delivering disciplined, research-driven solutions for clients. For employer-sponsored 401(k) plans, Colin and the team act as fiduciaries, carefully managing plan investments to help employees grow their retirement savings with prudence and transparency.
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Where available, we also provide access to individual stock strategies through a brokerage link, giving employees the flexibility to pursue personalized investment opportunities alongside their core retirement plan. By combining fiduciary oversight with optional individualized strategies, we help employees take control of their financial future while maintaining a prudent, long-term investment approach.
Chief Employee De-Stresser
Gordon Stein, Author of Cashflow Cookbook
Hi, I’m Gordon Stein — speaker, financial wellness expert, and author of Cashflow Cookbook. I help people build real wealth without sacrifice or strict budgeting, drawing on years of experience and a life filled with guitar playing, offshore sailing, marathons, and raising great kids. Through our employee financial wellness program, participants receive Cashflow Cookbook and engaging keynote sessions that deliver practical, actionable guidance on managing expenses, retirement planning, and making smarter financial decisions—giving employees the tools and motivation to take control of their financial future.