In this episode of Up Your Assets, host Ray Ferrara CFP® and guest Jon Brethauer CFP®, AIF®, CPFA, MBA discuss the complexities of being a retirement plan sponsor. This is part 1 of a 2 part series, where they delve into fiduciary responsibilities, the importance of hiring fiduciary advisors, and the various types of fiduciaries. The conversation also covers investment performance, hidden costs in retirement plans, the necessity of benchmarking, and tax considerations for new plans. Additionally, they explore strategies for business owners to catch up on retirement savings and emphasize the importance of seeking professional advice for plan improvement.

Acknowledgements and Important Disclosures