It isn’t a secret. The goal of a retirement plan adviser should be to enable their client’s participants to retire on time with dignity. Participants of 401(k) plans want to know that their retirement savings are in good hands, with an honest and trustworthy adviser. We all know that fiduciary committees that do not share this goal can face the legal consequences.
PCI Founder and Chairman, Brian Allen, CFP®, was recently quoted in ValueWalk article, “Is Your 401(k) Plan Adviser Costing Employees Retirement Money?” Allen states, “Many companies have committees responsible for overseeing their employees’ 401(k) plans. These committees often depend on plan advisers, and to do their best to help employees maximize their 401(k)s, it’s vital that committees vet those advisers and carefully judge their performance.”
Are you a fiduciary committee member looking to improve your 401(k) plan management and results? Success starts with having the right tools.
Get a copy of Brian Allen’s book, Rewarding Retirement: How Fiduciary Committees Can Elevate Workers, Companies, and Communities, and learn how to build your fiduciary toolbox at www.rewardingretirementbook.com.