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John has been a retirement plan professional for over 30 years. His professional background and experience has provided his clients with a comprehensive understanding of retirement plan markets, plan design, plan operations and participant and sponsor communication and advice.
After starting his career as a tax professional with Ernst & Young. John attended the University of Dayton School of Law and later attended the University of Florida’s Master of Law and Taxation program. John practiced law for over 8 years within a large law firms ERISA practice group, with particular emphasis on shareholder driven retirement plans, ESOPs and 401(k) plans.
John’s expertise led him to Wachovia Bank’s Employee Benefit Group where he was C.O.O. for Virginia for four and a half years and followed by one year with RBC Centura Bank as its Retirement Groups C.O.O. Following his time at Centura Bank John joined Merrill Lynch for seven years as the Retirement Plan Manager for the Southeast for the Retirement Group. Immediately prior to starting My Benefits, LLC John was the Fidelity Advisor Retirement Specialist for the South Central Region and John Hancock Retirement Plan services.
Tim Kvam, Director, COO, has been a retirement plan specialist for nearly 20 years. Tim’s professional experience helps My Benefits deliver on our commitment to providing an “Ideal Client Experience” to our financial intermediaries, employers, and participants.
Prior to joining My Benefits, Tim spent a large portion of his career with John Hancock Retirement Plan Services partnering with financial intermediaries to develop, implement and support customized solutions to maximize retirement benefits for employers, minimize administrative burdens and enhance participant outcomes. In addition to continuing that legacy at My Benefits, Tim works directly with our clients and sales and marketing team to enhance the client experience and develop new markets.
Tim attended the College of Charleston and later received a degree from the University of North Carolina Charlotte. Tim has two children, Finn & Maggie. As an Eagle Scout and Vigil Honor Member, Tim continues to be heavily involved in supporting the Boy Scouts of America (BSA). His involvement with the BSA also helps support his passion for mountaineering and sailing.
Daphne, AL is home. I relocated here 17 years ago to take an executive position with Regions Bank in the Trust Department responsible for retirement plan administration. My retirement plan working experience spans 25+ years.
I was born in Pittsburgh, PA, and attended Pennsylvania State University obtaining a degree in Speech Communication with a minor in Business Administration. I started my career at Federated Investors and have held many positions within the retirement plan arena governed by ERISA. My current position is with My Benefits, LLC, and First Party Administrators, LLC. My responsibilities include overseeing all aspects of the administration department. Our department reviews, interprets, and provides plan consultative services on the legal documents required of 401(k) retirement plans. We perform required testing under the 401(a) IRS code for plans, for example, ADP/ACP, 402(g), 404(a), 410(b), 414(s), 415, and 416 top-heavy tests.. In addition, we prepare trust reconciliations and tax form 5500 along with all related schedules for our clients. Lastly, we assist with plan audits, respond to IRS/DOL inquiries and letters, as well as handle all the IRS/DOL required notices including client requests for plan amendments.
I love reading books, spending time with my husband and family on our boat, and helping in the community with volunteer work. My two sons attend(ed) Auburn University studying Engineering. My daughter is a senior at Daphne High School and has been accepted to the University of South Alabama’s nursing program. I hope my children find me to be a source of inspiration to show them that anything is possible with hard work, faith, and kindness.