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~ T. Masin, 401k Coach® Member

Use These Five Tips to Head Off Problems With 401(k) Clients

August 23, 2012 (comments: 0)

Charlie Epstein was recently featured on fa-mag.com about fee disclosure.

Financial planners who advise on 401(k) plans need to get out in front of sponsors and plan participants to explain new disclosure rules, says this retirement plan expert.


Charlie Epstein, CLU, ChFC, AIF, founder of the 401k Coach Program, says financial advisors need to reduce the backlash from the new rules. August 30 is the deadline under new federal regulations for retirement plan participants to be provided with information on mutual funds, related fees, performance and other details that should increase transparency. 

“As a rule of thumb, overcommunicating is better than the alternative,” Epstein says. “Employees will appreciate you, and better yet, many will be more willing than ever to meet with you to discuss their personal financial planning. In the end, you will get paid more for your actions, not less.”

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