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The Risk for Advisors Who Ignore the Explosion of New 401(k) PlansThe Risk for Advisors Who Ignore the Explosion of New 401(k) Plans

Sean Murray explains how Envestnet is focused on the coming explosion of small retirement plans.

Fred Barstein, The Retirement Adviser University,

May 16, 2023

According to Sean Murray, Envestnet’s head of retirement, advisors who ignore the explosion of new and small plans due to state mandates, tax credits in SECURE 2.0 and the use of PEPs not only are at risk of missing out as these plans grow but also of losing clients that manage these plans to a retirement plan advisor.

Sean explains how Envestnet is focused on this small plan explosion helping advisors and home offices to simplify the buying process through technology and the use of data.

 

Fred Barstein is founder and CEO of TRAU, TPSU and 401kTV.

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.