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Advise Advisory

Hiring fiduciary advisors for your employees.

This story appears in the December 2006 issue of Entrepreneur. Subscribe »

Looking for a way to help your employees save for retirement? Thanks to a provision in the Pension Protection Act, employers can now help workers manage their 401(k)s by offering access to a qualified investment advisor.

The change should help boost plan participation, notes Paul Bracaglia, an investment advisory partner with PricewaterhouseCoopers' Private Company Services, who cites inertia and fear as the primary obstacles to employee enrollment in retirement programs. "Often, employees don't feel confident about making investment decisions," he explains. "Having a fiduciary advisor who explains the importance of putting money away and how to go about it can make a real difference."

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