Paul Fokken discusses how employers have a choice to offer Personalized Professional Account Management (PPAM) to all employees with 401(k) Maneuver. The goal of 401(k) maneuver is to: improve account Performance over time, manage downside risk to minimize losses, decrease fees that harm account performance and avoid default funds with personalized professional advice.
Listen to the interview on the Business Innovators Radio Network:
Questions covered in this interview include:
- What are managed 401(k) Accounts and specifically what is Personalized Professional Account Management (PPAM)?
- Why should a business consider offering PPAM with 401(k) Maneuver to every employee?
- What type of education is provided to the employees?
- What is the cost to the employer/employee?
Paul explained that: “Because pension plans are pretty rare anymore, a managed 401(k) plan can bring an extra layer of benefit to employees to provide more value for their retirement accounts. Plus, business owners appreciate the added protection from lawsuits for lack of 401(k) plan options and advice, which have become a more prominent occurrence. Since we are not “Robo Advisors” the employees are getting personal and independent advice that benefits them most!”
About Paul Fokken
Paul Fokken helps employees and employers with a 401(k) by providing every employee the opportunity for PPAM by enrolling in 401(k) Maneuver. He also helps businesses delegate virtually all their 401(k)-plan corporate and personal risk away to other 3rd parties and helps to reduce plan responsibilities.
Learn More: https://www.fokkenfinancial.com
Previous News Stories about Paul Fokken
Maneuvering 401(k) Plans to Optimize Retirement