Kathryn Pride Hemery
Senior Relationship Manager
Kathryn Pride Hemery considers one of the greatest benefits of working at EMBREE FINANCIAL to be the early insight she gained into the importance of saving for retirement. Now, as part of her role, she enjoys sharing this knowledge with plan sponsors, participants, and prospects, knowing that she is helping shape the financial future of many others.
Originally from central Pennsylvania, Kathryn attended
college north of Pittsburgh before gradually moving west, spending a few years
in Ann Arbor before settling in Chicago. While Chicago remains her home base,
she splits her time between the U.S. and the United Kingdom, where her husband
lives and works in London. In her free time, she enjoys relaxing in Northern
Michigan, hiking in Snowdonia, and snorkeling in Barbados.
Areas of expertise
Fiduciary Plan Reviews
An important part of reviewing a 401(k) plan is discussing the plan’s overall health and employee wellness.
Plan Conversions
If a plan sponsor decides to change the Recordkeeper, Kathryn helps guide them through the process to ensure a smooth transition.
Building Relationships
A critical part of Kathryn’s role is being a trusted partner of the plan sponsor and employees. She feels that candid conversations and collaboration are essential to building successful plans.
End of Quarter
The investment lineup is a significant part of any 401(k) plan. Kathryn makes updates and distributes investment performance on a quarterly basis to plan sponsors and participants to keep them informed and educated.
Questions Kathryn often hears:
Can I please get a copy of the meeting minutes for our auditors?
Of course. Following every plan review Embree writes and distributes copies of the meeting minutes to the investment committee. Meeting minutes play an important role in a 401(k) plan. They ensure that the plan is being monitored and run appropriately, and all audited plans should have them.
What is an unbundled 401(k) plan?
401(k) plans can be bundled or unbundled. An unbundled 401(k) plan consists of a Recordkeeper/Custodian, a Third Party Administrator (TPA), and an Investment Advisor. Helping Plan Sponsors determine if their plan should be bundled or unbundled is a value-added service Embree offers.