By Mark Olsen, Managing Director at PlanPILOT
When it came time for me to choose a career path, I knew that whatever job I pursued needed to be in line with my passions. Most importantly, I wanted to serve others; to help people in a tangible way and add value to their lives. Working in the financial world checked both of those boxes, and now, more than 25 years later, I’m still just as passionate about what I do!
By Mark Olsen, Senior Consultant at PlanPILOT
What one word would you use to describe 2020? Painful? Unexpected? Worrisome? Uncomfortable? It’s been all those things and more, but trials also bring about opportunities if you are willing to look for them. We acknowledge that the challenges and opportunities 2020 has presented extend well beyond your retirement plan, and we’d like to be a resource however we can.That’s why we are hosting an online interactive client workshop on November 18th from 3 p.m. to 4 p.m. CST to help you become comfortable with everything in life causing discomfort right now. Jason Barnaby of Firestarters Inc. and PlanPILOT’s senior consultant, Mark Olsen, will show us how to pivot so you can finish 2020 strong and start 2021 even stronger.
Independent schools are special places, solely focused on their mission of helping others. Employees of independent schools work there because it’s the lifestyle they have chosen, not to get rich. Their 403(b) plan is essential to their financial security and likely their largest asset. When it comes to saving and investing for retirement, schools understand their employees need more help.
PlanPILOT was pleased to contribute to the National Business Officers Association’s NetAssets magazine in a roundtable discussion to help CFOs and Business Officers understand the CARES Act.
CHICAGO, IL – March 6, 2020 – PlanPILOT is pleased to announce it has been named as one of the 2020 PLANADVISER Top 100 Retirement Plan Advisers.
The PLANADVISER Top 100 Retirement Plan Advisers is an annual listing of adviser individuals and teams that stand out in the industry in terms of a series of quantitative measures. These include the dollar value of qualified plan assets under administration (AUA), as well as the number of plans under advisement.
PlanPILOT was recognized in the “Small Teams With $1.7 Billion or More in Retirement Plan Assets Under Advisement” and “Small Teams With 115 Retirement Plans or More Under Advisement” categories.
Although U.S. stock indexes are hovering at or near all-time highs, many American workers still aren’t financially secure enough to retire. In response, the Setting Every Community Up for Retirement Enhancement (SECURE) Act focuses on promoting lifetime income options like annuities within a 401(k) and incentivizing businesses to expand their retirement offerings like auto enrollment. The Act also liberalizes the existence of Multiple Employer Plans (MEPs) for plan sponsors to pool their investments and plan administration usually at a cost savings.
This Act officially became law in December 2019, marking one of the most comprehensive retirement reform packages employers have seen in years. What should plan sponsors and participants know about these changes?