401(k) Plan Advisor changes have reached a historic high. Easily, the most important decision that a plan sponsor can make is – “Who should we select as our plan’s advisor?” All of the other topics are important – such as ERISA counsel, plan auditor, the record-keeper, investment manager etc. However, nothing impacts the success of a retirement plan – as does the 401(k) plan advisor that works as the plan leader.
What is occurring that causes 401(k) and 403(b) plan sponsors to make significant changes on their 401(k) Plan Advisor?
We can start here – the days of the Triple F advisor are numbered!
Since retirement benefits are increasingly more important in the plan sponsor’s quest for attracting new talent, it makes sense to view the most recent article in WealthManagement.com concerning critical weapons in the ongoing war for talent. The article references the current Fidelity Plan Sponsor Attitudes Survey which sheds light on how Plan Sponsors are making decisions on their 401(k) Plan Advisor.
