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Retirement Plan Professionals can Make the Difference

Retirement Plan Professional

Retirement Plan Professionals can Make the Difference

Retirement plan professionals such as a Certified 401(k) Professional, can make a positive impact on the company retirement plan.  Managing the company retirement plan becomes less stressful with a professional Retirement Plan Professional overseeing your plan. Serving as a plan fiduciary is a tremendous responsibility that is delegated to a single employee or a Benefits Committee.  Either way, those responsible for the oversight rarely have formal training.   Although formal training is available, free of charge at The Plan Sponsor University (check here for locations) there is another way plan sponsors can be supported with Plan Design, Retirement Readiness, Behavioral Finance and a host of additional Retirement Plan Improvement strategies.

Working with the Industry Leaders

The Retirement Advisor University, in collaboration with UCLA Anderson School of Management Executive Education, provides an in-depth, comprehensive education program for retirement plan advisors.  This program is designed specifically to help retirement plan advisors when working with plan sponsors and plan participants.   Topics of conversation where the C(k)P Designee can assist Benefits Committees or Retirement Teams include Low Participation Rates, Plan Design obstacles, Communications with plan participants, Decision Making Theory, Choice Architecture, Fiduciary Awareness and the structuring of an Investment Committee.

Is a Certified 401(k) Professional Right for Your Plan?

Maybe not, but more than likely, yes.  Plan sponsors will be comforted to know that each C(k)P Designee has a baseline of at least 3 years of working with retirement plans and plan sponsors, and they have at least 10 retirement plans that they work on directly with boards of directors and investment committees.  These designation requirements and others provide plan sponsors with the assurance that each C(k)P Designee they work with has an experience-level that no other designation requires.

The C(k)P Designee

All Designations and all Retirement Plan Advisors are not created equal. Retirement Plan Professionals know that!   Plan sponsors who desire to maximize their retirement benefits (by taking advantage of Stretching the Match, Auto Escalation or Risk Aversion) should speak with a C(k)P Designation holder soon.  (The list of C(k)P Designation holders can be found HERE)

 

Robyn Kurdek

Robyn Kurdek

Freelance writer with nearly 2 decades of financial industry experience, with niche expertise in the defined contribution (DC) industry. I also have defined benefit (DB) plan knowledge. I write all types of content for retirement plan participants, sponsors and advisors, including web copy, newsletters, white papers, fact sheets, blog posts, financial wellness articles, and more. "I speak DC."
Robyn Kurdek
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