Can the convergence of wealth, retirement, and workplace benefits pressurize 401(k) plan fees to fall to zero? And are you prepared if it does?
In this episode, Rebecca Hourihan speaks with Fred Barstein, the founder & CEO of The Plan Sponsor University (TPSU), The Retirement Advisor University (TRAU), and 401kTV and they discuss an alternative universe where 401(k) fees no longer exist.
Fred and Rebecca discuss:
- Major factors contributing to the convergence of wealth and retirement
- Challenges and opportunities arising from such convergence
- What happens when recordkeepers work directly with participants and, possibly, compete with advisors
- The potential impact of blockchain technology in revolutionizing the industry
- How fee compression may affect new entrants
- And more
Related: Charting Your 2024 Success