Small Plans, Big Challenges...

Some things never change. This post is a flashback to 2011 when I was a panelist at the PLANSPONSOR National Conference in Chicago discussing the challenges small plan sponsors face. For context, "small" at that conference meant plans with assets less than $10M.

The issues outlined in PLANSPONSOR's coverage of the panel are still true today. You can read the article on their website, https://www.planadviser.com/psnc-2011-small-plans-big-challenges/.

After returning from the conference in July of 2011 I recorded this video for my retirement plan clients to provide an update on the final fiduciary-level and participant-level fee disclosure deadline extensions and highlights from the PLANSPONSOR national conference in Chicago. 

Please excuse the hair and old technology, but the struggles for small plans remains the same fourteen years later. Looking back, we had no idea the SECURE Act of 2019 would create a solution for small businesses to join together in a pooled employer plan ("PEP"). Not to sound like an aging Pollyana, but PEPs have and will continue to benefit small employers and their employees in building a financially secure retirement.