Posted by: 0 in vantageblog, retirement plan, qualified plan, Prudent expert, plan sponsor, plan compliance, participation rate, investment education, fiduciary responsibility, Fee disclosure, enrollment meetings, 401(k) plan on
Jan 27, 2010
“Obama-Save” (as opposed to Obama-Care)
On Monday, January 25, 2010, the White House released a fact sheet on their Middle-Class Task Force initiatives. The fact sheet has few details, but there is a great summary of the retirement-related initiatives here on PlanSponsor.com. I have a number of thoughts and concerns about these initiatives that I’ll outline below.
Let me just say up front: commission-based investment advisors and insurance product sellers (and maybe Mr. Biden’s Middle Class Taskforce) will NOT like my viewpoint … but that’s too bad! My company is about helping Plan Sponsors and their Participants do the right thing, the right way … period. Figure out how to line up with that philosophy and we won’t have a problem.
