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Open, honest and candid discussions and dialogue on the most critical issues facing the RPA space.

401(k) Real Chat: Michael Majors401(k) Real Chat: Michael Majors

Retirement industry thought leaders answer three probing questions on critical issues, providing an open, honest and candid dialogue.

Fred Barstein, The Retirement Adviser University,

November 18, 2022

 

Retirement industry thought leaders answer three probing questions on critical issues, providing an open, honest and candid dialogue.

This week, we host Michael Majors, VP, human resource solutions at Paychex, asking:

There’s a possible explosion of the small and start up 401(k) market because of state mandates. What does your research show and do you believe there actually will be an explosion?
Have new plan sales increased for Paychex, and if so, why? How are sales of PEPs going and what percentage of new plan sales are in PEPs? Do they actually cost more?
How would you respond to reported service issues and why turnover at Paychex is higher than industry average? Has turnover improved over the last few years?

Let me know who else you would like to hear from and I will invite them to get real.

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About the Author

Fred Barstein

The Retirement Adviser University,, Founder and CEO

Fred Barstein is founder and CEO of The Retirement Adviser University, a collaboration with UCLA Anderson School of Management Executive Education, The Plan Sponsor University and 401kTV. He had been contributing editor for InvestmentNews where he created RPAConvergence and the RPA Roundtables & Thinktanks for senior managers at DC record keepers, aggregators, broker dealers and CIOs. He helped create the National Association of Plan Advisors as a member of the founding Leadership Board, Chair of the Membership Committee and was founding Editor-in-Chief for NAPA-Net which he led until 2016. Barstein received his Bachelor of Arts Degree from Boston College and his Law Degree from Cardozo School of Law, Yeshiva University.

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