Ary Rosenbaum provides retirement plan participants with tips on how to avoid problems with a plan. He lists obvious red flags like a plan provider being charged with illegal activity but also suggests personally reviewing the plan provider, expenses, and terms. Further, he notes that a plan should have an accessible financial advisor and participants should be receiving investment education and advice.
See Ary Rosenbaum, “You Might Have a Problem With Your Retirement Plan When…,” JDSupra Business Advisor (August 20, 2014).
Posted by Ryan Moore, Associate Editor, Wealth Strategies Journal