Plan Design Moves the Retirement Needle
Plan Design contributes to the success of every high performing 401k plan. 401k plan fiduciaries and trustees should make certain that the plan is periodically reviewed and compared with industry practices, services, and fees. Sam Haines, Senior Financial Fiduciary Consultant with Centurion Group was recognized as a Finalist in Plan Design at the 401kTV GENIE Awards in New York, NY. Mr. Haines stresses the need for using a strong plan design when the goal is to get participants to the goal of being ready to retire. He points out the bad outcome that can arise when a plan participant waits too long to initiate retirement savings habits.
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