Building Blue Ribbon Plans to Obtain Best-in-Class Outcomes
He talks building better retirement plans to give participants the push they may need to achieve retirement success. Parrish is managing partner and senior ERISA consultant with Chicago-based Blue Prairie Group.
401k Specialist Magazine interviews Ty Parrish, who discusses the concept of “Blue Ribbon” retirement plans. These plans are described as best-in-class, tailored to meet the needs of participants by driving better outcomes through the implementation of best practices.
Parrish emphasizes the importance of creating plans that cater to different participant needs, similar to how some people need personal trainers while others prefer to work out alone. He also mentions that labeling a plan as “Blue Ribbon” helps committees to recognize and adopt best practices, improving overall plan outcomes.
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Jessica Claeys is an editor, writer, and graphic designer, who has been creating both print and digital marketing and communications content for 10+ years.
Jessa Claeys is a licensed insurance producer in the state of Colorado and an insurance editor for Bankrate. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Jessa has over a decade of experience writing, editing and leading teams of content creators. Her work has been published by several insurance, personal finance and investment-focused publications, including BiggerPockets, 401(k) Specialist, BP Wealth and more.
