Rewarding Retirement: How Fiduciary Committees Can Elevate Workers, Companies, And Communities

by Brian D. Allen

Overview

IS MY RETIREMENT PLAN ANY GOOD?
Millions of Americans are counting on 401(k) and related defined-contribution plans to fulfill their retirement dreams—that is, if their plan is a good one. Though some plans perform superbly, many others suffer from questionable investments and poor management that leave them vulnerable to litigation and federal sanctions. How can you tell the difference?
In Rewarding Retirement, Brian D. Allen gets rid of the guesswork for the fiduciaries who operate those plans. Fascinating and informative with a wealth of insights, it is an insider’s guide that finally equips fiduciaries with the tools that they need to feel confident and proud of a job well done.

Product Details

ISBN-13:	9781642251463
Publisher:	Advantage Media Group, Inc.
Publication date:	09/01/2020
Pages:	160
Product dimensions:	5.91(w) x 9.13(h) x 0.71(d)

About the Author

BRIAN D. ALLEN, CFP®, has been an advocate for professionalism and a quiet pioneer in the qualified retirement plan industry for more than twenty-five years. He is founder and chairman of Pension Consultants Inc. (PCI), based in Springfield, Missouri. PCI is a fee-only plan adviser on a mission to improve the financial security of American workers. Consistently ranked among top industry leaders, PCI embraces plan management based on transparent results for participants, with the goal of putting a Rewarding Retirement within reach for all. Allen also was an early mover to a business model that eliminates incentives and inducements that can influence recommendations to clients. His entire career has been dedicated to helping plan committees deliver meaningful results for their participants.

Table of Contents

Introduction An Honor and a Challenge 1

Chapter 1 Good for One and All 11

Chapter 2 The Roots of Erisa 23

Chapter 3 The Rules of the Game 41

Chapter 4 Keeping Out of Trouble 55

Chapter 5 Conducting the Orchestra 67

Chapter 6 What's on the Menu? 83

Chapter 7 Why Fees Matter 103

Chapter 8 Contributions Matter Most 121

Conclusion Doing Well by Doing Good 139

Acknowledgments 145

What People are Saying About This

From the Publisher

“Organizations that have a formal retirement committee are more likely to have a better retirement plan, and those committees that have training, knowledge, and access to trusted experts are more likely to have an effective retirement plan that benefits workers and the organization. Brian Allen’s seminal book, Rewarding Retirement, provides thoughtful and simple guidance for retirement committee members based on his decades of experience as a trusted fiduciary retirement plan adviser. A necessary and easy read for all retirement committees regardless of the size of the organization.”
FRED BARSTEIN Founder and CEO, the Retirement Advisor University, the Plan Sponsor University, and 401kTV


“Rewarding Retirement takes the fundamental retirement plan concepts and incorporates them into an easy-to-understand format for plan fiduciaries. Brian Allen is a trusted source, and this book is a perfect summary of an often-complicated topic. I highly recommend it!”
BRANDON LONG Shareholder and practice group leader, McAfee & Taft; past president, Southwest Benefits Association

Editorial Reviews

Rewarding Retirement is an indispensable guidebook for the millions of fiduciaries who operate retirement plans at companies and nonprofits across America. It is their legal and ethical duty to watch out for the employees who invest in those plans and to stand up against anyone or anything trying to take advantage of them.
By doing a good job of overseeing high-quality plans, the fiduciaries can strengthen families, communities, and society—but whether they are doing a good job has long been anyone’s guess.
Brian D. Allen has a better way. In his new book, he introduces objective and measurable standards for assessing the quality of retirement plans. He dispels the confusion of reports that create the illusion of expertise. In short, Rewarding Retirement gives plan fiduciaries the tools to serve well as the watchdogs and advocates entrusted with protecting their colleagues’ retirement dreams.

“Organizations that have a formal retirement committee are more likely to have a better retirement plan, and those committees that have training, knowledge, and access to trusted experts are more likely to have an effective retirement plan that benefits workers and the organization. Brian Allen’s seminal book, Rewarding Retirement, provides thoughtful and simple guidance for retirement committee members based on his decades of experience as a trusted fiduciary retirement plan adviser. A necessary and easy read for all retirement committees regardless of the size of the organization.” —FRED BARSTEIN Founder and CEO, the Retirement Advisor University, the Plan Sponsor University, and 401kTV

“Rewarding Retirement takes the fundamental retirement plan concepts and incorporates them into an easy-to-understand format for plan fiduciaries. Brian Allen is a trusted source, and this book is a perfect summary of an often-complicated topic. I highly recommend it!” —BRANDON LONG Shareholder and practice group leader, McAfee & Taft; past president, Southwest Benefits Association

From the Publisher