David Wray
David Wray
factor matching
When times are tough, your matching contributions are going to go down. It's a factor of profitability.
common feature few next plans
This will be a common feature of plans over the next few years.
bills expect pour time
We expect over 30 bills by the time this is over. The bills are going to pour in.
greater hardship reason withdraw
What greater hardship can you have as a reason to withdraw your own money?
choose employer
If they choose XYZ Boiler Room, the employer is on the hook,
designed ensure limits none plan
The plan will be designed to ensure that none of these (and other) limits are violated.
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.
came example franklin gratitude joy linda living matter
Linda Franklin will be missed. She was an extraordinary example of living with joy and gratitude no matter what came her way.
implement intended members percent poll roth seventeen took wait
We took a poll of our members. Seventeen percent of our members said they intended to implement the Roth 401(k) in 2006. Eighty-three percent were going to wait and see or were not going to do it at all.
argument bottom compelling speaks
Have a compelling argument that speaks to the bottom line.
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.
analyze array asset best bottom broad choice choices companies enter hard investment line people possible prepared process teach tried work
Most Americans do not enter the work financially prepared to analyze a broad array of choices and make the best possible asset allocation. Companies have tried hard to teach them. But the bottom line is that if more people are to participate, the investment process has to be simpler.
account balance borrow half payroll
You can borrow up to half the account balance or $50,000, whichever is less. But if you borrow, you have to repay, typically through a payroll deduction.
attract employees plan tweak
How can we tweak our plan to attract the kind of employees we want and need?