Would you like to revolutionize the retirement industry? Look at how we can change the future of 401(k) plans just as Steve Jobs did to mobile phones with the iPhone.
2. Design a plan that would
revolutionize the retirement
industry
3. "The difficulty lies, not in the new ideas, but in escaping from the old ones.”
Steve Jobs created the most profitable company in the world with new ideas
Let’s look at Steve Jobs new ideas for the future of 401(k) Plans!
4. Smart phone of 401(k)s
The Goals of the Steve Jobs 401(k) Plan
Provide an adequate retirement income for all participants
By applying the 3 C’s of investing
1. Reduce Costs
2. Increase Compounding
3. Increase Contributions
5. Smart phone of 401(k)s
The Steve Jobs 401(k) Plan
Invest n Retire’s patented SaaS technology
ERISA §3(38) investment manager
QDIAs using ETFS as the investment options
Eliminates revenue sharing
Eliminates excess fees
Retirement calculator enables participants to select
Portfolio that matches their ROR needed to achieve their retirement
income goals
Illustrates contribution rate required to achieve retirement income
goal
Financial Wellness Education for all employees
6. Smart phone of 401(k)s
The Steve Jobs 401(k) Plan
Reduce plan sponsor’s fiduciary risk
8. Steve Jobs 401(k) vs. Fidelity
201% greater FV
for Steve Jobs Plan
Assumptions for one participant: portfolio $57,856, annual contribution
$18,000, 8% annual rate of return less fees.
ETFs
9. Smart phone of 401(k)s
The Steve Jobs 401(k) Plan
Remove participants greatest fear
and enable them to retire with an
adequate retirement income
10. “The greatest risk for American workers is not down market or
market volatility but is outliving their money.” Frank Sortino
11. Fear is real these low balances are less than one year
of average income
12. State of the 401(k) Industry
Lawsuits alleging excessive 401(k) fees for investment-management have
increased steadily over the past few years. However, those focused on small
retirement plans — the market the majority of 401(k) advisers operate in are
fairly new, and some anticipate this as a growing trend.
13. State of the 401(k) Industry
2015 6,925 suits were filed under ERISA
10 largest settlements totaled $926 million
Settlements were for revenue sharing paid to record-keepers
Excessive fees
401(k) class action lawsuits
J.P. Morgan Chase
SunTrust
CIGNA
Fidelity
Tibble v. Edison
Morningstar and Prudential
Waddell & Reed
Aon Hewitt
Charles Schwab
Deutsche Bank
VOYA
$700 million in penalties and settlements in fiduciary claims against defined
contribution plans were paid between 2009 and 2016.
14. Retirement Industry operates on old ideas and out
of date investments
“The retirement industry is suspended in a time warp, operating on antiquated systems
developed in the ‘70s. With Invest n Retire’s patented SaaS technology Steve Jobs and can
move forward with modern technology to provide managed portfolios and superior
investments – ETFs.”
Darwin Abrahamson
15. The 401(k) Industry
State of the 401(k) Industry
ICI data shows that mutual funds inflows were flat for 2016 even with their
enormous inflows from DC plans. 84.3% of investments in DC plans are mutual
funds.
“The mutual fund industry’s dirty little secret is DC plans.” Andrew Corn
16. ETFs in 4O1(k)s will be the Death of Mutual Funds
The dirty little secret which enriches the mutual fund industry is 401(k)
Plans. Almost all 401(k) investments are mutual funds.
17. Target Market 401(k)s with Mutual Fund Companies
For decades, the investment options for retirement accounts
have been dominated by mutual funds and insurance
companies like Fidelity, Charles Schwab, Vanguard, T.
Rowe Price, Nationwide, John Hancock, Empower (Great
West), and Principal.
It’s been a very lucrative arrangement. After all, there’s
more than $5.0 trillion sitting in 401(k) type plans and that
have excessive fees and/or revenue sharing that generates
billions of dollars of excessive fees.
Our team will change the status-quo by designing a 401(k)
with new ideas just as Steve Jobs changed the mobile phone
with the iPhone.
20. To learn more about being a part of the team that is going to
revolutionize 401(k) Plans
Contact
Darwin Abrahamson, CEO
Invest n Retire, LLC
620 SW 5th Ave. Suite 1100
Portland‚ Oregon 97204
Phone: 503-217-2021
email: darwin@investnretire.com
This is page one of a Fee Disclosure and Comparison Report on a Fidelity 401(k) Plan created in TandemModels.
Assumptions for one participant:(i) portfolio $57,856 (ii) IRS annual contribution $18,000 (iii) 8% annual rate of return and (iv) reinvest savings less fees deducted from the participant’
My name is Jenny and I am writing because of a personal connection to mental health problems caused by financial stress. The life of a freelance writer can be financially insecure as you might imagine, but I have learned recently how money matters can affect the mental and physical health of older adults like my parents who are now planning for retirement. Recently, I came across investnretire.com while researching a piece inspired by my own family. I would like to write about your service and goals that you provide for retirement savings.
My name is Jenny and I am writing because of a personal connection to mental health problems caused by financial stress. The life of a freelance writer can be financially insecure as you might imagine, but I have learned recently how money matters can affect the mental and physical health of older adults like my parents who are now planning for retirement. Recently, I came across investnretire.com while researching a piece inspired by my own family. I would like to write about your service and goals that you provide for retirement savings.
Article published by Smart Money,
Coming Soon: ETFs in Your 401(k), and written by Rob Wherry