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Greg Carpenter

By: Greg Carpenter on November 11th, 2012

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Welcome to Employee Fiduciary’s Blog


Employee Fiduciary has been a quiet company, but with all of the changes to the 401(k) industry - and not all for the better - it’s time we make ourselves heard.

When 401(k) plans became mainstream in the ‘80s, many of us envisioned a culture of retirement planning and saving that had never been seen before - what a great way to save and save and reduce the tax bill! Over the last 30 years, however, 401(k)s have become for many the only investment vehicle for retirement planning, raising the stakes for employees. Hidden fees, obfuscation and fine print add to the burden, allowing some providers to bleed tens of thousands of dollars in fees over time from typical investors.

Furthermore we are well aware that economic conditions have been less-than-stellar and the growth of our economy is slow. As the Washington Post notes, retirement prospects for our young workers are extremely bleak. Plainly, every penny counts. To that end, we will be using our blog to discuss best practices for the industry and spotlighting those practices that hold us all back. But we will also help educate and inform 401(k) investors on industry jargon and peculiarities, and share with you some of the good work we do at Employee Fiduciary. We may also point out a client or partner making a positive difference.

In the Internet Age, there is no excuse for avoiding the creation of thoughtful discourse that would serve your clients and prospects well. And as our clients are folks working at American small businesses, it’s time to start the conversation.


About Greg Carpenter

Greg Carpenter founded Employee Fiduciary in 2004. With 29 years of experience in accounting and finance, Greg has brought his expertise to a variety of advisory, senior and executive management roles. Greg has worked for a national accounting firm, a Fortune 500 plan sponsor, a major brokerage firm, and he served as the CEO of a major 401k TPA firm. He is a CPA and earned his BA from Yale and his MBA from The University of Chicago Booth School of Business.