Midwest Retirement Partners, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$129,673
Clients
4
Advisors
1
of 1 employees
About
Midwest Retirement Partners, LLC is a small independent advisory firm that primarily serves pension and profit‑sharing plans, offering pension consulting, plan design support, participant education, and financial planning. The firm does not provide discretionary portfolio management for individual accounts and does not trade client accounts directly.
MRP’s work is largely consultative: it uses quantitative analysis and long‑term investment models to develop written pension consulting plans, recommend money managers and monitor investment options and plan compliance. For implementation the firm commonly directs clients to third‑party advisers (including Betterment) and receives negotiated fee‑sharing from those providers, while verifying licensing and ongoing manager performance.
What is noteworthy is the firm’s explicit focus on retirement plan clients and the operational depth of its pension services—maintaining supplemental fiduciary files, monitoring plan administrative portals, and assisting with compliance tasks such as Form 5500 and participant education, which is less common for solo independent advisers. The firm’s very small scale (one advisor, a handful of clients, and modest AUM) combined with a referral/monitoring model rather than direct trading distinguishes its service model from peers that offer direct portfolio management.
Client services
Occupation focus
Fee options
Between $1,000 and $40,000 for pension consulting plans; $1,000 to $5,000 for comprehensive financial plans; $1,000 fixed administrative support fee; $60/month for fundamental financial planning
$0 - $1,000,000: 1.00% (MRP Fee) + 0.25% (Betterment Fee) = 1.25% Total $1,000,001 - $3,000,000: 0.90% (MRP Fee) + 0.25% (Betterment Fee) = 1.15% Total $3,000,001 - $5,000,000: 0.80% (MRP Fee) + 0.25% (Betterment Fee) = 1.05% Total $5,000,001+: 0.70% (MRP Fee) + 0.25% (Betterment Fee) = 0.95% Total $0+: Up to 0.50% asset-based fee for pension consulting, negotiable $500,001 - $8,000,000: Negotiable fixed fee plus up to 0.50% asset-based fee, combined not to exceed $40,000 $8,000,001 - $11,500,000: Negotiable fixed fee plus up to 0.35% asset-based fee, combined not to exceed $40,000 $11,500,001 - $16,000,000: Negotiable fixed fee plus up to 0.25% asset-based fee, combined not to exceed $40,000 $16,000,001 - $26,666,666.70: Negotiable fixed fee plus up to 0.15% asset-based fee, combined not to exceed $40,000 $26,666,666.70+: Fixed fee of $40,000
Minimum fee: $1,000 annually fixed fee for administrative support (pension consulting) Fee-only: Fixed fee for pension consulting ($1,000 annually) and financial planning ($1,000 to $40,000 for pension plans; $1,000 to $5,000 for comprehensive financial plans); monthly fundamental financial planning fee $60/month ($720 annually)
Main office
486 Anthony St.
Glen Ellyn IL 60137
Advisors at this office
1
Most active in
Illinois
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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