HomeWealth Management401(okay) Actual Chat: Michael Majors

401(okay) Actual Chat: Michael Majors


Retirement trade thought leaders reply three probing questions on vital points, offering an open, trustworthy and candid dialogue.

This week, we host Michael Majors, VP, human useful resource options at Paychex, asking:

  1. There’s a doable explosion of the small and begin up 401(okay) market due to state mandates. What does your analysis present and do you imagine there really will probably be an explosion?
  2. Have new plan gross sales elevated for Paychex, and in that case, why? How are gross sales of PEPs going and what number of latest plan gross sales are in PEPs? Do they really price extra?
  3. How would you reply to reported service points and why turnover at Paychex is larger than trade common? Has turnover improved over the previous couple of years?

Let me know who else you wish to hear from and I’ll invite them to get actual.

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