PAi's account system is currently down for scheduled maintenance. We apologize for the inconvenience and will bring the account system back up soon.
Plan sponsors are consistently looking for advisors that can add value on an on-gong basis. The advisors that are adding value to the plan sponsor’s life have a greater chance of retaining the plan on their books, growing their business through ancillary business (participant IRAs, 529s and other personal accounts) and gaining referrals. A few value added activities that an advisor can perform are as follows:
The Advisors role in a 401(k) plan is an incredibly important one. Acting as a guide, advisors can help plan sponsors maintain the health of their 401(k) plan. There are a number of opportunities to add value when working with plan sponsors:
Did you see the recent survey from Charles Schwab that said American workers accept responsibility for financing their own retirement and are relying primarily on their 401(k) to get them there?