#8. What are the 401(k) takeaway points?
The traditional model 401(k) plan investments have relied on for decades simply doesn’t work as efficiently as it could. It results in less than optimal outcomes in participants’ retirement savings and increased liability for plan sponsors. Major news outlets have recently reported on multi-million dollar settlements levied against 401(k) plan sponsors, often due to mismanagement associated with excessive fees. A simpler investment approach is the solution to reduce costs, decrease liability risks and increase employee participation and improve retirement saving outcomes.
Chernoff Diamond’s investment strategies use the lowest cost investments to provide simpler and more appropriate investments for your employees in both the managed account platform and with a lineup consisting of low-cost index funds for employees who prefer to take responsibility for their retirement investment management.
To learn more about our innovative approach to investing with low cost index mutual funds and its myriad advantages to 401(k) plan sponsors and participants, contact one of consultants today at firstname.lastname@example.org
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This information is intended for educational purposes only and should not be construed as an offer to buy or sell any product or strategy. You should contact your Financial Advisor with questions regarding your individual circumstance.