Regional Vice President of Sales The Retirement Plan Company
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Compass
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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The Retirement Plan Industry's Troubling Framework
W. Scott Simon, in Morningstar [Opinion] Apr. 23, 2020 "If an insurance company (or other kind of recordkeeper, for that matter) and their employees happen to educate, inform, or help participants, that's fine and wonderful, but it's merely a byproduct of the sole reason for the existence of an insurance company (or other like entity), which is to sell, sell, sell.... [That's] the nature of the business model and regulatory framework that governs the retirement plan industry in which they operate.... It also helped to explain why, when my RIA came on board, I found that 45% of the plan's assets were held in the previous insurance company recordkeeper's stable-value fund." |
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