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401kplans.com

Lollipop

The mission of 401kplans.com is to utilize technology to bring process, efficiency and transparency to small plan retirement distribution. The regulatory environment and the constant pressure on margin is forcing change within the retirement plan industry. Retirement plans have become the “Blockbuster Video” to the “Netflix” of other voluntary benefits, as we have yet to embrace technology to assist with distribution. Change is difficult but there is a significant opportunity to work collaboratively to launch a platform that assists financial advisors and TPA’s as well as supports the business models and value propositions of Providers and Investment Managers. In the small plan market, it is estimated that greater than 80% of transactions are completed by “generalist” financial advisors that may not have the expertise, tools or capacity to follow a prudent process where anything more than total cost is measured. Understanding the objectives of their clients and which 401(k) Provider would be the best fit, is clearly missing from the equation. Retirement “specialist” advisors may have the knowledge and tools but may not have the capacity to spend the hours needed to complete a proper due diligence process for smaller plans. There’s a tremendous opportunity to leverage technology to solve these problems and make small plan distribution that much more efficient for all parties involved in a retirement plan transaction. 401kplans.com, the industry’s first Small Business Retirement Plan Marketplace (online and mobile app) for financial advisors and TPA’s. The business model of 401kplans.com is to work collaboratively with Providers and Investment Managers to offer financial advisors and TPA’s access to innovative technology to help comply with their fiduciary obligations. The application intuitively walks the user thru a consistent due diligence process that reduces the time involved from 10+ hours of manual work, down to a few minutes on an app. 401kplans.com LLC was founded by Scott Buffington, a former National Sales Manager of MassMutual Retirement Services. He is a 20+-year industry veteran in retirement services and investment management. Prior to this initiative, Scott spent 6+ years successfully leading the largest advisor sold sales team within the industry, responsible for all plan sizes and tax codes. Well known, highly respected, distribution leader (technology and data geek) within financial services industry and frequent conference speaker on current issues facing the retirement industry.
401kplans.com的使命是利用技术为小型计划退休分配带来流程，效率和透明度。监管环境和持续的利润压力迫使退休计划行业发生变化。退休计划已成为其他自愿性福利的“重磅炸弹视频”到“ Netflix”，因为我们还没有采用技术来协助分配。变革虽然很困难，但是存在很多合作的机会，可以共同启动一个平台，以协助财务顾问和TPA，并支持提供商和投资经理的业务模型和价值主张。在小型计划市场中，据估计，超过80％的交易是由“一般主义者”的财务顾问完成的，他们可能没有专业知识，工具或能力来遵循审慎的流程，而该流程无法衡量总成本。显然，了解他们的客户的目标以及最适合哪个401（k）提供者的原因已经消失了。退休“专家”顾问可能具有知识和工具，但可能没有能力花费时间来完成针对较小计划的适当尽职调查过程。利用技术来解决这些问题并进行小型计划分发的机会巨大，这对于参与退休计划交易的所有各方来说效率更高。 401kplans.com，这是业界第一个面向财务顾问和TPA的小型企业退休计划市场（在线和移动应用程序）。 401kplans.com的商业模式是与提供商和投资经理合作，以提供财务顾问和TPA访问创新技术的机会，以帮助履行其受托义务。该应用程序通过一致的尽职调查过程直观地引导用户，从而将所涉及的时间从10多个小时的手动工作减少到应用程序的几分钟。 401kplans.com LLC由MassMutual退休服务的前国家销售经理Scott Buffington创立。他在退休服务和投资管理领域拥有20多年的行业资深经验。在此计划之前，Scott花费6年以上的时间成功领导了业内最大的顾问销售团队，负责所有计划规模和税法。金融服务行业内知名，备受尊敬的分销领导者（技术和数据极客），并经常在会议上就退休行业面临的当前问题发表演讲。


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