Kingsway Financial 401(k) Plan
A guide to thinking through your 401(k) as a Kingsway Financial employee.
By Zac Murphy, CFA charterholder, CFP® professional. Last reviewed June 30, 2026.
Financial services firms often offer 401(k) plans with relatively generous employer contributions and broad investment menus. Many also offer profit-sharing or performance-based contributions on top of base matches. For senior roles, the 401(k) often sits alongside non-qualified deferred compensation plans, which creates layered retirement-planning questions.
Common questions
How do profit-sharing contributions to a 401(k) typically work?
Profit-sharing contributions are discretionary employer contributions in addition to any matching contribution. They are typically a percentage of eligible pay, often determined by company performance for the year. Vesting schedules may differ from those applied to elective deferrals or matches.
How does a 401(k) interact with non-qualified deferred compensation?
Non-qualified deferred compensation plans operate outside ERISA-qualified plan rules and have different distribution, creditor-protection, and tax-treatment characteristics than a 401(k). Coordinating contributions across both involves looking at tax timing, projected income trajectories, and how distributions are scheduled.
What considerations come up around 401(k) investment menus at financial services firms?
Some financial services 401(k) plans include proprietary funds managed by the employer or affiliated entities. Whether and how to use those options depends on fees, performance, fit with the broader portfolio, and personal preferences. The factors are no different than at any other employer; the menu just tends to include more in-house options.
Financial services compensation often spans multiple plan types and pay structures. A financial advisor can help work through how the 401(k) fits with deferred compensation, equity grants, and other components.
Common challenges
Rollovers are messier than they look. Leave it, roll to a new plan, roll to an IRA, or cash out — each has different tax, fee, and access tradeoffs. Cashing out before 59½ usually triggers tax plus a 10% penalty. Most people delay the decision and lose track of old accounts.
Knowing if you're on track is hard. The real question depends on spending, Social Security timing, healthcare, and taxes — assumptions most calculators skip.
If any of these apply to your situation, the contact info below is the fastest way to start a conversation.
Have any questions about your 401(k)? Reach out to us by email or phone at the contact info below.
Email: [email protected]
Phone: (904) 654-3336
This page is for educational purposes only and does not constitute investment, tax, or legal advice.