Altamonte Springs, FL, June 08, 2018 --(PR.com
)-- 401 Confidential How 401(k) companies get fat on your money...while you slave at your cubicle (ISBN978-1717219503, Create Space, May 2018, 106 pages) by Michael J. Marini, a consumer empowerment book for people in 401(k), 403(b) and 457(b) plans has been released for mass distribution. Marini, a financial adviser and leading expert in 401(k) plans, writes new rules of the road for how employees can resolve a sub-par, high-fee 401k offering by their employer. “The best 401k advice to date has been to suffer through your employer’s 401(k) offering or simply choose not to participate. It’s time to move beyond that thinking and get employers and employees working together on this,” Marini says. “Employers are not 401(k) experts. They cannot solve this problem on their own. They need their employees to help them get to a better place.” 401 Confidential empowers employees to work with their employers to get a bad retirement plan thrown out the window and replaced with an entirely new plan. Marini takes the reader through a tour of how retirement plans are packaged, priced and sold to employers in the private and public sector. He teaches the dirty little secrets that retirement plan companies have used to drive the average participant fee in small employer plans to 4% nationally, while stating that no employer would have agreed to such fees if they truly understood what they were subjecting themselves and their employees to. With the knowledge derived from 401 Confidential, the reader is empowered to drive a change to this, with employers and employees working together on selecting the best retirement plans and retirement plan companies to work with. By the end of the book Marini shifts the entire balance of power from the retirement plan companies to the retirement plan consumers. 401 Confidential is available on Amazon, Kindle, and other e-book publishers. The paperback edition retails for $11.99 and Kindle edition retails for $3.49.
401 Confidential is written in an easy to read style that simplifies topics that many find complicated. Each chapter is written in a way to command the reader’s attention and in a crisp and comprehensive manner. It is a must read for anyone with a 401(k), 403(b) or 457(b) plans, or considering one.
Michael J. Marini is a financial adviser and president of Orlando 401k Specialists. He is also the author of Finish Strong: 21 Life & Money Lessons For Professional Athletes. He writes for Investopedia.