The 401(k) Road Map
A Fiduciary’s Guide to 401(k) Strategy
by
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In a presentation I made recently to a group of Chief Financial Officers, I opined that up until now they prioritized their day's activities with line items such as rent, payroll, debt and revenue with the 401(k) plan not even cracking the top 100 of their priorities. However, my forecast suggested that with current and future changes in the regulatory world, this low priority item will quickly rise. If the 401(k) plan and the fiduciary responsibility associated with it are not at least in the top 10 of priorities for a Chief Financial Officer to think about, then they are going to be shell shocked when the Department of Labor comes calling with an audit and the potentially significant fines associated with its non-compliance
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About the Book
If you are involved in any decision regarding your company’s 401(k) plan, there is a high probability you are acting as a fiduciary. The 401(k) Road Map defines what that role entails and offers a plan, process, and a discipline to help navigate through the maze of government rules and regulations ensuring compliance with the Department of Labor and the Internal Revenue Service. Through the use of anecdotal stories, real-life examples, and analogies, the book offers a simpler way to understand terminology, requirements, government forms, rules, and processes. It will serve as a tremendous tool and a reference for HR directors, CFOs, and their staff.
About the Author
Peter is Managing Director of the Weitz Financial Group. He joined the industry in 2003 after spending many years in real estate development in Washington, DC. After several years working for a large retail wire house, he became uncomfortable with the inherent conflicts of interest at major brokerage institutions and joined an Independent Registered Investment Advisory firm in 2009, opening its South Florida Office. In September 2018, he launched the Weitz Financial Group, which coincided with him being names by Financial Times as one of the top 401(k) advisors in the United States for 2017. A dual graduate of George Washington University, Peter holds both an undergraduate degree in business and a master’s degree in Finance. His primary areas of practice include corporate 401(k) and defined benefit plans assisting plan sponsors with their investment, fiduciary, employee education, and compliance responsibilities as well as individual retirement planning and wealth retention. He has published several articles and spoken on numerous panels regarding ERISA regulations as they pertain to defined contribution and benefit plans and has been recognized as a top performer nationally in the 401(k) marketplace by several 401(k) plan publications. He also hosted a nationally syndicated weekly radio program on finance and investments. In his spare time, he is very active in his community and currently serves on the Board of The South Florida Institute on Aging, a Broward County 501(c)(3) dedicated to addressing the upcoming challenges of an aging population volunteerism. When not active in charity, he enjoys golfing with his friends, reading, cooking, red wine, and travel. He resides with his wife Michelle and their two rescue dogs Duke and Daisy in Fort Lauderdale, Florida.