Matt Zokai Quoted in Forbes.com Article

1st Global senior advisor of retirement services Matt Zokai was quoted in the Forbes.com article “The Advantages and Disadvantages of Hiring A 3(38) 401(k) Retirement Plan Adviser”.

In the article, Zokai points out one of the main differences is in authority.

 “When working with a 3(38) adviser, by definition, plan sponsors grant discretionary authority related to investment decisions to a third party,” says Matthew Zokai, Senior Advisor Retirement Services at 1st Global in Dallas. “Plan sponsors have removed themselves from the decision-making process. If they, for example, have a particular fund family they would like included in the plan lineup, that input will not part of the 3(38)’s screening methodology.”

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