Sponsors

The whole retirement system in fact in the country is in, I think, very poor shape and it's going to be the next big financial crisis in the country, I honestly believe…[sic]

John Bogle, Founder – The Vanguard Group
Interview in PBS Frontline program “Can You Afford to Retire”

Retirement plans are in trouble in this country. With the phasing out of traditional “defined benefit” plans, and with American's savings rates extremely low, the primary retirement plan for millions of Americans is their 401(k) plans. Unfortunately, 401(k) plans were never designed to be a primary retirement plan and, as such, are fundamentally flawed.

The design flaws of these plans will not only cause disappointment among millions of employees but will put plan sponsors at personal financial risk! The key problems for sponsors are:

Poor Investment Results
Fiduciary Liability
Complicated Administration & Communication

The Good News is that modern transparent design, professional institutional management and simplified administration can have the combined effect of improving retirement benefits, reducing personal financial liability of sponsors and reducing plan costs.