Meet Anthony Ornella. He calls himself a Personal CFO and works with Jarred Bunch in Tampa. Dennis Hartin talks with Anthony about the impacts of retirement plan regulations that are often overlooked. Employees want more say-so and more oversight, and they’re even suing their employers to get it.
When an employer offers a retirement plan, you as the employer are the liable party in terms of fund management and performance. This stuff is complex, and employers are seeking a trusted advisor to take a critical look at their offerings and their exposure to risk.
Anthony shares some questions that employers should be asking themselves about their 401K offering. Do you know the answers and understand your responsibilities? It’s easy to “set it and forget it,” but certainly not advisable.
- How are the fund selected?
- How are the expenses structured?
- How is the plan getting benchmarked?
- How are you defining employee success in terms of plan management?
Employee financial wellness is a key component of your employee benefits program. Removing some of the stressors about personal financial with improve productivity in the workplace. Talk to the Hartin Dynamics team to explore your options for promoting financial well-being within your workforce.
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August 2020
