Early warning systems are quite valuable – for a number of reasons. They show up in many areas of life. An early warning can help the general public by alerting us to fire – in the form of smoke alarms; or in our cars – with those pesky ‘check engine’ lights. In each case, we are presented an opportunity to know what is occurring currently. And, with this early warning, we can quickly discern that if we do not pay attention, things are about to change, and not for the better!
So, how do these early warning systems appear in the Retirement Plan Industry?
As most industry experts agree that the current roster of 43 national RPA focused record-keepers will be greatly reduced through consolidation epitomized by the recent sale of Securian’s retirement division to The Standard, advisors and plan sponsors alike wonder, “Who’s next.”
If you ask an industry provider “who’s next?” you may or may not receive a straight answer… But, Fred Barstein outlines in his most recent article at www.WealthManagement.com, how you can be on top of the industry’s early warning system. Click to find out “How to Determine Whether Your 401(k) Record-Keeper is About to Exit.”
