Like the famous line “ don’t pay attention to the man behind the curtain” from the Wizard of Oz”, the small 401 (k) market has been self-regulated with no required fee or conflict disclosure for 30 years.
As the Department of Labor video illustrates, following the guidelines set forth in the new fee disclosure and fiduciary regulations can increase the likelihood that your employees retire with 28% or more retirement savings.
Today, while large companies, exposed to massive fines and class action suites have acted rapidly to comply, most small plans have not yet and are stilling relying on brokers or other conflicted parties to help them and inadvertently wasting 28% or more of their employee’s retirement assets.
Learn more about how small and mid-sized companies can reclaim millions of dollars of their employee’s retirement nest eggs while meeting new Department of Labor regulations.
- Uncover Your 401(k) Fees with This Secret Decoder Ring (mint.com)
- Your employer may cost you $100k in retirement savings (money.cnn.com)
- The American Retirement Asset Crisis Is Upon Us (247wallst.com)