Participant-directed defined contribution plans are simultaneously referred to as the greatest wealth-generating device available under the U.S. Tax Code, and the least effective retirement income vehicle developed. Which is true? Maybe both. Well-designed and well-managed defined contribution plans provide the opportunity for extraordinary savings success; however, we limit how effective these plans can be for participants if we don't create adequate guardrails to ensure that the least sophisticated participants are still provided for.
Join us for our webinar, “Why Your Plan Doesn’t Work” on Wednesday, July 25 at 10:00 a.m. Pacific as we explore the reasons participant-directed defined contribution retirement plans fail and how to fix them. We'll cover behavioral finance biases that impact:
In addition, we'll review common sense fixes to behavioral finance problems.
The webinar will conclude with a short question and answer segment.
About the Presenter
Erik Daley, CFA, is the managing principal for Multnomah Group. He is a member of Multnomah Group’s Investment Committee and leads the firm’s tax-exempt practice, focusing on higher education and healthcare organizations. Erik consults regularly with clients on a variety of retirement plan related topics to help manage their fiduciary risks.
About Multnomah Group
Multnomah Group provides fee-only retirement plan and investment consulting services to for-profit and tax exempt employers in the United States. Our firm's core competencies include investment consulting, vendor search, fiduciary governance, employee engagement, plan design, and fee benchmarking.