# PHD Retirement Consulting

> PHD Retirement Consulting is an SEC-registered investment advisory firm in Overland Park, KS, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 16, 2026.

- CRD: 304989
- Filed as: PHD RETIREMENT CONSULTING
- Legal name: PHD Consulting LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Overland Park, KS
- Filing period: October 2026
- Form ADV filing dated: September 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/304989
- AdvisorCensus page: https://advisorcensus.com/firm/phd-retirement-consulting-overland-park-ks-304989

## Quick answers

**How is PHD Retirement Consulting compensated?**
On its Form ADV (Item 5.E, October 2026), PHD Retirement Consulting reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is PHD Retirement Consulting located?**
PHD Retirement Consulting's principal office is in Overland Park, KS, according to its Form ADV.

**Is PHD Retirement Consulting registered with the SEC or a state?**
PHD Retirement Consulting is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 304989.

**How much does PHD Retirement Consulting manage?**
PHD Retirement Consulting reports $559,187,300 in regulatory assets under management in its Form ADV filing dated September 16, 2026 (43% discretionary).

**How have PHD Retirement Consulting's assets and staff changed since 2021?**
In the Form ADV data for PHD Retirement Consulting: Regulatory assets under management: $103,666,106 in the October 2021 data and $559,187,300 in the October 2026 data, up 439%. Total employees: 1 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does PHD Retirement Consulting serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (66).

**Which custodians does PHD Retirement Consulting use?**
PHD Retirement Consulting's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Alerus Financial and Transamerica as custodians holding 10% or more of its separately managed account assets.

**Does PHD Retirement Consulting report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/304989

**Does PHD Retirement Consulting state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "For its services, PHD does not require a minimum dollar value in assets for establishing or maintaining an institutional account, but the firm reserves the right to decline engagements for various reasons including account size."

**What changed in PHD Retirement Consulting's recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $506,191,314 to $559,187,300 (+10%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Account minimum: None

> For its services, PHD does not require a minimum dollar value in assets for establishing or maintaining an institutional account, but the firm reserves the right to decline engagements for various reasons including account size.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Alerus Financial
- Transamerica

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $559,187,300
- Discretionary: $239,364,388
- Non-discretionary: $319,822,912

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 66 | $559,187,300 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services

### Firm details
- Registered since: 2019 (7 years)
- Employees: 7 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: KS
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- 401ksimple.com
- 403bsimple.com
- esopsimple.com
- feeonly401kadvisor.com
- phdfirm.com
- planhealthdesign.com
- Facebook @FeeOnly401k
- LinkedIn @phd-401k
- X @repurposement

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $103,666,106 | 1 | March 31, 2021 |
| October 2022 | $120,605,551 | 5 | March 31, 2022 |
| October 2023 | $135,981,890 | 5 | March 31, 2023 |
| October 2024 | $394,576,606 | 5 | March 5, 2024 |
| October 2025 | $398,423,921 | 5 | March 28, 2025 |
| October 2026 | $559,187,300 | 7 | September 16, 2026 |

Regulatory assets under management: $103,666,106 in the October 2021 data and $559,187,300 in the October 2026 data, up 439%.
Total employees: 1 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $506,191,314 to $559,187,300 (+10%).

### April 2026
- Regulatory assets under management went from $398,423,921 to $506,191,314 (+27%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. PHD Retirement Consulting (CRD 304989): Form ADV filing data as of October 2026.