It's 12/25 and luckily unlike the past couple of yrs the MOA Corporate Grinch hasn't ruined the holidays again. But tonite I'm in California stuck in front of the TV watching the Grinch on the Peacock network.
What really pis_ses me off is the fact that very own 401K plan is so pathetic compared w/our competitors like ADP. No self directed brokerage option. No managed account option. Very few if any new funds or fund line up changes. No new educational materials. No financial planning opportunities. It's total BS how the plans lacks true fiduciary oversight.
Company gets sued over their own plan--no changes. Company freezes pension--no changes but only cut backs to 401k benefits. No enhancement. Company needs to watch it as there could be lawsuits in the works over the 401k plan.
For crying out loud it is 2026 and still no SDBA or managed options ?
No wonder clients are leaving. They see no enhancements to their plans either like we don't see any to ours. Clients see no brokerage. No new funds. No new education. No managed.
Work to Rich and the Board this Christmas night---give us the present we deserve. Give us a competitive retirement plan. Give out clients the same present wrapped in a bow. A better retirement plan. If you keep your in action up and don't improve our plan and their's either, you will find yourself out of a job in 15 more months.
Step it up Fu.ck.u