David Wray
David Wray
company leave less likely plans studies
There are studies that show participants in a 401(k) plans are less likely to leave the company and are better workers.
additional benefit company implement law mean opportunity passes program provide voluntary
Just because someone passes a law in Washington, D.C., to provide an additional voluntary opportunity in a benefit program doesn't mean a company has to immediately implement it.
change last provisions stand trust
In her last will, she said no one can change anything. It is to stand as provisions of the trust indicate.
treated
Everyone has to be treated the same, ... eligibility is not a big expense.
amazed course family grateful loss support
The family is of course heartbroken by their loss ... but they are amazed and grateful at the support they have received.
business companies easy management purpose retirement small
Small companies are always right on the edge. (Setting up a retirement plan) distracts the management from their single-minded purpose of getting business in the door. You've got to make it easy for those people.
bills expect pour time
We expect over 30 bills by the time this is over. The bills are going to pour in.
employers looking people walk
Employers are looking ahead. They want to find out what people want before they walk in the door.
greater hardship reason withdraw
What greater hardship can you have as a reason to withdraw your own money?
asking fully persistent questions satisfied understand until
You should be persistent in asking questions until you're fully satisfied you understand what's happening.
bad good nature
Profit-sharing by its nature is uncertain. Sometimes you have a good year. Sometimes you have a bad year,
choose employer
If they choose XYZ Boiler Room, the employer is on the hook,
factor matching
When times are tough, your matching contributions are going to go down. It's a factor of profitability.
designed ensure limits none plan
The plan will be designed to ensure that none of these (and other) limits are violated.