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.