Growth & Inspire
I am inspired by the vines that grow outside our house. Everyday, it climbs higher and higher.
Learning is the same. If you keep learning, you will climb higher and higher. .
SEVEN Questions for 401(k) Plan Sponsors
In this episode, Bonnie Yam delves into essential retirement plan considerations, providing listeners with a comprehensive guide to managing terminated account balances and conducting regular plan reviews. The discussion navigates the complexities of fee structures, offering insights into understanding and exploring alternatives. Emphasis is placed on enhancing employee participation through education, highlighting strategies to engage and inform employees about their retirement plans. The episode wraps up with a recap and closing remarks, followed by contact information and an offer for further assistance to support listeners in their retirement planning endeavors.
Key Points
- Ensuring adequate fiduciary insurance coverage is critical as plan assets grow to avoid potential liabilities.
- Regular plan reviews and benchmarking every two years help maintain compliance and competitiveness in your 401(k) plan.
- Employee education and initiatives like auto-enrollment can significantly improve participation and retirement outcomes.
Chapters
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Transcript
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