We asked retirement advisors from across the country whether they felt SECURE 2.0 had been over-hyped or represented a game changer. Here’s what they said on a few key issues.
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How do you solve, for example, the problem of integration between the payroll software and the 401k recordkeeper’s website?
Common mistakes. Non-believing 401k plan sponsors. How many of these have you seen? What have you done to address the dilemma of what to do when the client isn’t always right?
Just as these changes come bearing down, so, too, does a need for greater hand holding. Pressures within the provider industry, however, appear to be reducing the number of available hands.
How do we design and administer retirement plans?
Perhaps it’s time to cut the cord of “financial wellness” and take your tonic of financial reality. Accept the schoolmarm for the discipline she brings, because that remains the most honest way to the riches of a satisfying retirement.
Familiarity may breed contempt, but it also makes you sloppy. Do you know plan sponsors that have forgotten they need to address these matters?
Aside from pep talks and infusing it into their corporate culture, don’t forget that much of what is needed can be built right into the plan.
When retirement industry professionals talk about the impact of the 2006 Pension Protection Act, you might be surprised that this is what they conclude.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 3/8/19
The states go marching on, fee posse grows, and “Too Good to be True”