When Aaron Schumm showed me the software he had built to enable financial advisors to more easily onboard their clients’ employees and enroll them in great 401(k) plans, I knew I had to be a part of it. Vestwell is one of the solutions employed by my firm’s corporate retirement plan division, headed up by veteran Dan McConlogue.
Aaron is pioneering in a space where the process has historically been a huge, cumbersome pain in the ass with way too many chokepoints and paperwork swamps. I’m a proud client and a member of the firm’s advisory board.
Here, Aaron and I discuss the biggest mistakes company owners make when they set up a retirement plan for their employees. In this space, it’s highly possible to be well-meaning but end up shooting yourself in the foot. Make sure you watch. And if you’re an advisor looking to learn more, hit this jump.
Not sure about what you’re doing with your own company’s plan? Talk to Dan. He knows what’s up.