In the 16th episode of the Confident Wealth Podcast, Bill Bush and Andy Bush talk about the Horizon Financial Group’s internal program called the 401K Confidence System.
Time Stamped Show Notes:
- 01:04 – The 401K Confidence System can be overlaid onto any plan regardless of the plan provider.
- 01:31 – 1st Way the 401K Confidence System can be used: if a company wants a third set of eyes looking over their plan.
- 02:14 – 2nd Way the 401K Confidence System can be used: with ongoing plan relationships.
- 03:43 – Things to look for in a plan advisor: experience, designations,
- 04:59 – Part 1 of the 401K Confidence System: the clarity conversation.
- 05:22 – Part 2 of the 401K Confidence System: the confidence plan evaluation.
- 07:44 – Part 3 of the 401K Confidence System: the plan improvement report.
- 09:54 – Part 4 of the 401K Confidence System: the guided transition step.
- 12:22 – Part 5 of the 401K Confidence System: the participant engagement experience.
- 14:45 – Part 6 of the 401K Confidence System: your fiduciary check-up.
3 Key Points:
- The 401K Confidence System has six steps and can be used as a third party set of eyes and on an ongoing basis.
- If you haven’t seen your financial advisor in a long time, you are paying for service that you aren’t getting.
- Horizon Financial Group has assisted retirement plans for industries such as:
healthcare, engineering, law firms, and construction companies.
Tweetable Quotes:
- “What are you excited about your plan? What is not working with it? What opportunities that you’ve maybe heard of but you haven’t taken advantage of yet?” – Andy Bush.
- “The confident plan evaluation…the forensic deep dive into their plan. It is the “do you know” conversation.” – Andy Bush.
- “They have an advisor, which is good. But they haven’t seen their advisor in quite some time, which is not good.” – Andy Bush.
Resources Mentioned:
