Copy of of Fix Your Company's 401k Plan!
How to Fix Your Company's 401(k) plan
MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
Fix Your Company's 401k Plan
Photo by Official U.S. Navy Imagery
The Four Problem Areas, targeting
- Fiduciary-Administrative Help
- Fund Lineup Improvement
- Retirement Optimization
- Expense Reduction
Photo by Steve Snodgrass
Fiduciary-Administrative Help
- Separate Administrator from Investment Advice Function
- Identify Source of Hidden Charges
- Hire an independent Registered Investment Advisor (RIA), not a broker!
Photo by trophygeek
fund lineup improvement
- Reduce the number of "avtively managed" funds
- Select the cheapest share class offered by a fund family
- Add Index funds to the lineup
- Add Target Date Retirement Funds (TDRFs) in 10-year increments
Photo by IvanWalsh.com
Retirement optimization
- Auto-enroll all employees
- Consider auto-save with escalators
- Pre-schedule at least two group meetings/year with Advisor
- Require the Advisor to accept one-on-one meetings to give advice
Photo by l . e . o
