Plan Advisers Should Be Putting Money into Participants’ Pockets – Not Costing Them!

Posted on December 15, 2020
Brian Allen, CFP®

Brian Allen, CFP®

Founder & Chairman of Pension Consultants, Inc.

 

Is Your 401(k) Plan Adviser Costing Employees Retirement Money?

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.”

 

Allen offers tips on how 401(k) fiduciary committee members can select 401(k) plan advisers that will perform for their participants. See the full article here.

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Selecting the right plan adviser can be complex. Let PCI help you. Download PCI’s Customizable RFP Tool. Use it to ask the right questions to find the adviser who can perform for you. 

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

About PCI

Pension Consultants, Inc. (PCI) is an independent, fee-only retirement plan adviser on a mission to improve the financial security of American workers. PCI focuses on three key drivers of retirement readiness — Contributions, Investment Performance, Fees — to help plans prepare participants to retire on time with dignity. Pension Consultants, Inc. is registered with the Securities and Exchange Commission as an investment adviser.

About Author

Brian Allen is the author of Rewarding Retirement: How Fiduciary Committees Can Elevate Workers, Companies, And Communities, and Founder & Chairman of Pension Consultants, Inc., a fee-only plan adviser on a mission to improve the financial security of American workers. Allen has been an advocate for professionalism and a pioneer in the qualified retirement plan industry for more than 25 years. He was an early mover to a business model that eliminates incentives and inducements that can influence recommendations to clients, including commissions, gifts, marketing payments, and exotic trips. 

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