Evaluating 401(k) Consultants in 2017? Then Avoid These Common Pitfalls!

401(k) Fridays Podcast

16-12-2016 • 57 mins

If one of your New Year’s resolutions is evaluating your retirement consulting or 401(k) broker relationship, this is a must listen episode.  My guest Trisha Brambley, is the CEO of Retirement Playbook.  Her firm’s sole focus is working with retirement plan sponsors and fiduciaries who are interested in benchmarking their advisor or in conducting a plan advisor search.  Over the past several years, Trisha and her firm have helped hundreds of employers of all shapes and sizes.  And as you’ll hear, she isn’t shy about sharing her experience and perspectives to help employers realize better outcomes from their plan advisor searches in the future.  She also shares several reasons why she thinks more employers will be conducting advisor searches or hiring advisors for the first time in 2017 and beyond.

Before we get started, I am excited to tell you that the next new episode we will release in early January will be our fiftieth episode, thats 5-0!  Thank you to all of our listeners who have shared feedback, questions and challenges you’re facing in your retirement plan with us, it has truly helped shape the content, selection of guests and questions I ask!  Be sure to check out our robust library of prior episodes where you can explore on demand interviews with attorneys, investment managers, professors, industry leaders, fellow employers and others who share a wealth of information for employers, plan fiduciaries, investment committee members, etc.  The topics range from fiduciary best practices, investment commentary, legal and regulatory updates, plan design trends, employee engagement strategies and much more!  Simply go to www.401kfridays.com/podcasts to check it out!  Please keep sharing your input on topics, ideas to add value or questions I should be asking in 2017!

Finally, in the spirit of sharing during the holiday please tell a friend, colleague or the members of your professional network about the 401(k) Fridays Podcast, I promise we have a lot of exciting things in store for 2017!

Guest Bio

Trisha is a recognized authority in the 401(k) industry. Trisha was appointed by the Secretary of the Department of Labor to serve on the ERISA Advisory Council for a three-year term (2006). During her tenure, she prepared recommendations on target date fund analysis, stable value issues and participant financial education. Additionally, she served as Chair for the study of stable value funds (2009) and Vice Chair of the Council (2008). She has been included on 401kWire's annual “Most Influential” list multiple times. She is a “Member-at-Large” of the Retirement Advisor Council, a national organization that advocates for successful qualified plan and participant retirement outcomes through the collaborative efforts of experienced, qualified retirement plan advisors, investment managers and defined contribution plan service providers.

Prior to creating Retirement Playbook, Inc. (2011), Trisha founded Resources for Retirement, Inc. (1995). Among the country's first plan advisory firms, Resources for Retirement, Inc. was included annually, during its lifetime, in PLANSPONSOR’s “Top Advisory Firms and Best Consultants.”

Earlier, Trisha was a member of the team that developed the country’s first 401(k) plans. During her tenure, she was involved in all aspects of bringing the new plans to life, including the creation of the first 401(k) education programs and assembling plans matched to clients’ employee populations.

Trisha’s comments have appeared in The Wall Street Journal, USA Today and Bloomberg Businessweek. She speaks frequently on retirement plan issues at national forums, including the Plan Sponsor Council of America and the Center for Due Diligence.

401(k) Fridays Podcast Overview

Helps employers navigate the evolving retirement benefits landscape through weekly engaging interviews with industry leaders, subject matter experts and progressive employers with unique viewpoints. The diverse in-depth perspectives and relevant topics help employers make more informed decisions about their retirement benefit programs which will positively impact their employees and business.

We are quickly approaching our 50th podcast episode!  To explore our growing library of content, if you are subscribed to the podcast, scroll through your podcast app and pick a few episodes that catch your interest, or go to 401kfridays.com/podcasts to find prior episode descriptions, guest bios bonus information and more!