Rex Physicians, LLC is a for-profit group of specialty physicians, owned by a not-for-profit entity. The group was formed by acquisition, so each practice had an existing plan. The goal was to marry all of those plans into one 401(k) — quickly.

According to Brian Smith, Rex’s director of Human Resources, the challenges were clear. “We had a complicated situation that involved significant dollars and sophisticated investors,” he said. “We wanted a retirement plan that would maximize the physicians’ contribution but also let them maintain their existing brokers. It seemed impossible to put it all together, but Gilliam Bell Moser made it happen.”

The solution was complex but effective. “The plan essentially provides self-directed accounts for physicians via multiple brokers,” Smith explained. “The participants are very satisfied with their options. And they know they have a knowledgeable team at Gilliam Bell Moser who can answer any questions.”

Rex depends on Gilliam Bell Moser for sound advice. “Transitions involving money are sensitive,” he noted. “We are dealing with someone’s retirement, so we need to be thoughtful about the support and expertise we offer. Like the medical profession, there’s a high level of trust required among all parties and we’ve found that trust in our current relationship with Gilliam Bell Moser.”

There are also a lot of regulations to adhere to. “The Gilliam Bell Moser team stays abreast of all the changes and ensures that our plan is in compliance. We all sleep better knowing that our obligations are met.”