Plan Score and Admin Red Flags with Yon Perullo, CEO of RiXtrema

In this episode, Bonnie Yam introduces the topic of 401(k) products and the concept of a plan score, with insights from a guest expert. The discussion begins with an overview of 401(k) products and the importance of understanding a plan score. The episode delves into how to calculate this score and why it holds significance for maintaining a healthy retirement plan. Listeners learn about what constitutes an acceptable plan score and the necessity of tracking it annually. The conversation highlights how to identify and address potential red flags in a 401(k) plan. The episode concludes with final thoughts and resources for those seeking assistance with their plan score.

(0:00) Introduction and guest background
(1:07) Understanding 401(k) products and plan score
(2:13) Calculating and the significance of plan score
(3:39) What is an acceptable plan score?
(5:08) The importance of tracking plan score annually
(8:23) Maintaining a healthy 401(k) plan
(10:26) Identifying and addressing red flags in your plan
(17:06) Final thoughts and resources for plan score help