News and Updates
Founder & Chairman Provides Insight on a Better Way to Manage 401(k)s for Advisors Magazine
Last Updated: November 06, 2020
Manage 401(k) Plans Better: Here’s How
We are excited to see an article by PCI Founder & Chairman, Brian Allen, CFP® featured in Advisors Magazine. In “Committees Must Manage 401(k) Plans Better: Here’s How,” Brian discusses the need for improvement in the way fiduciary committees evaluate and manage 401(k) plan investment options for participants. “Plan committee members often lack training and knowledge, and committees usually judge the efficacy of their advisers on personality or brand, not objective performance.” This is an unfortunate truth in our industry – most fiduciaries hire advisers that don’t select outperforming funds. That investment pattern does not lead to effective results for the plan’s participants.
Allen offers tips on how 401(k) fiduciary committee members can climb out of the underperformance rut and be empowered to be part of the results-driven solution. He highlights the goal: a menu of investment choices that make it possible for participants to retire on time with dignity. Click to read the full article in Advisors Magazine and learn more about successfully managing a 401(k) plan.