David Wray
David Wray
analyze array asset best bottom broad choice choices companies enter hard investment line people possible prepared process teach tried work
Most Americans do not enter the work financially prepared to analyze a broad array of choices and make the best possible asset allocation. Companies have tried hard to teach them. But the bottom line is that if more people are to participate, the investment process has to be simpler.
commitment companies examples good rest trying wonderful
It is wonderful to see companies who have the commitment that these companies show. They are really trying to do the right thing with their workforce. They are good examples for the rest of American business.
business companies easy management purpose retirement small
Small companies are always right on the edge. (Setting up a retirement plan) distracts the management from their single-minded purpose of getting business in the door. You've got to make it easy for those people.
companies days few loan open paperwork require submit
You can typically get a loan in a few days and the companies are pretty open to this, they don't require you to submit a lot of paperwork to get a loan.
additional benefit company implement law mean opportunity passes program provide voluntary
Just because someone passes a law in Washington, D.C., to provide an additional voluntary opportunity in a benefit program doesn't mean a company has to immediately implement it.
company leave less likely plans studies
There are studies that show participants in a 401(k) plans are less likely to leave the company and are better workers.
account balance borrow half payroll
You can borrow up to half the account balance or $50,000, whichever is less. But if you borrow, you have to repay, typically through a payroll deduction.
implement intended members percent poll roth seventeen took wait
We took a poll of our members. Seventeen percent of our members said they intended to implement the Roth 401(k) in 2006. Eighty-three percent were going to wait and see or were not going to do it at all.
choose employer
If they choose XYZ Boiler Room, the employer is on the hook,
argument bottom compelling speaks
Have a compelling argument that speaks to the bottom line.
bills expect pour time
We expect over 30 bills by the time this is over. The bills are going to pour in.
greater hardship reason withdraw
What greater hardship can you have as a reason to withdraw your own money?
common feature few next plans
This will be a common feature of plans over the next few years.
designed ensure limits none plan
The plan will be designed to ensure that none of these (and other) limits are violated.