THURSDAY MARCH 28 @ 10:00 AM CST
Emergency Savings: The Most Important 401(k) Development Since Auto Features?
ABOUT THE WEBINAR
Emergency Savings: The Most Important 401(k) Development Since Auto Features?
In this 30-minute webinar, Brian Allen, CFP®, Founder, Chairman, and CEO of Pension Consultants, Inc., will be discussing how SECURE 2.0’s Pension-Linked Emergency Savings Account (PLESA) provision is an important evolutionary development for 401(k) plans to help close the savings gap and boost financial security for participants.
Brian will briefly review the state of the American workforce today and the challenges financial insecurity creates. He will address how implementing the PLESA provision is a worthy endeavor that addresses both short and long-term financial needs. In addition, he will outline how 401(k) plans are uniquely equipped to propel the success of emergency savings accounts and help improve the overall financial security of American workers.
KEY TAKEAWAYS
#1
Evaluate why Secure 2.0’s PLESA provision is one of the most significant 401(k) plan evolutionary developments since automatic features.
#2
Discuss background on the problem of financial insecurity and how it’s rooted in lack of savings – both short and long-term.
#3
Assess why the 401(k) is uniquely equipped to handle emergency savings accounts.
#4
Examine strategic advantages of 401(k) plans and how they can better help employees save.
#5
Review of SECURE 2.0 Act’s PLESA provision and latest DOL guidance.
PRESENTER
Brian Allen, CFP®, Founder, Chairman, and CEO of Pension Consultants, Inc.
Brian Allen is a veteran of the plan adviser industry with over thirty years of experience. He notably founded Pension Consultants, Inc. in 1994. Under his leadership, the firm expanded to become one of the nation’s largest independent plan advisers, earning industry recognition and numerous awards. Notably, PlanAdviser has consistently listed PCI on their Top 100 list for many years, and PCI was twice named a finalist for Plan Adviser of the Year by PlanSponsor.
Brian is actively involved as the chairman of the board and chair of the investment committee for Pension Consultants, Inc. As of December 31, 2023, PCI manages or advises over $4.4 billion in assets.
In 2020, Brian Allen authored the book ‘Rewarding Retirement: How Fiduciary Committees Can Elevate Workers, Companies, and Communities.’ His insightful articles have been featured in prominent industry publications such as The Street Retirement Daily, Advisor Perspectives, Advisors Magazine, and Investment News RPA Convergence. Additionally, Brian has been quoted in various media outlets, including CNBC and Money.
He focuses on topics related to the management and oversight of employer-sponsored retirement plans, specifically 401(k)s and other Defined Contribution plans, with a particular emphasis on addressing the needs of fiduciary plan committee members.
Webinar Preview
Familiarize yourself with the concepts presented in the webinar by reading our companion blog, Emergency Savings Accounts: The Most Important 401(k) Development Since Auto Features?
