News and Updates
Plan Advisers Should Be Putting Money into Participants’ Pockets – Not Costing Them!
Last Updated: December 15, 2020
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.”