401(k) and 403(b) plan sponsors armed with a professional retirement plan adviser are more likely to painlessly administer and achieve fiduciary needs for participants, according to a new study from the Retirement Advisor Council.
As concern over the U.S. retirement industry continues to swirl in 2014, from the introduction of President Barack Obamas myRA program or Sen. Tom Harkins USA Retirement Funds Act, many have pointed to maintaining the current employer-sponsored defined contribution structure for future stability. However, new research finds that this future stability is contingent on plan sponsors having the right assistance at the ready.
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