by Joseph P. Trybula, CFP®, AIF®, Diversified Financial Advisors
Wellness Wednesday Webinar
Oct. 25 | 2-2:30 p.m. CDT
Tap into financial wellness to bring about positive change in your workforce. Financial Finesse’s behavioral change model seeks to create action plans for each individual user. Learn how to leverage this nationally-recognized solution and how to integrate it with current benefits offerings at your company.
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The average retirement plan is wasting 25 basis points of participants’ money per year, and many plans are wasting in excess of 1 percent1 .
To put this into perspective, 25 basis points for a $5 million plan equates to $12,500 in the first year. Compound that over a 10-year period, and that’s $247,2882 of lost earnings.
Reviewing and evaluating plan fees is a crucial responsibility for every plan sponsor. I’ve outlined a SIX STEPS FOR CREATING A FEE REVIEW PROCESS to assist you.
If this is overwhelming, the Printers401k can provide you with a free Plan Fee Analysis, which will identify current plan fees and provide you with ideas on how to reduce your total plan expenses.
Contact Joe Trybula at joe@printers401k.com or 800.307.0376 for more details or request your analysis.
References
- Significant Fee Waste in Retirement Plans – New Study Using Quantitative Methods, Daniel Satchkov, CFA, and Yon Perullo, CFA
- Difference of the Future Value of $5,000,000 after 10 years earning 8 percent annual return vs. $5,000,000 after 10 years earning 8 percent annual return with 25 basis points in excess fees.
