Robert Cecil, is the chief fiduciary consultant of CecilCo 401(k) Managed Solutions, a full service 401(k) consulting and administrative firm he founded in 1980.
After a successful relationship with a major insurance company as a pension plan specialist, he saw an opportunity to provide a more "high touch" and "outsourcing service" model to companies that found the new technical requirements of the then newly passed ERISA legislation intimidating.
As 401(k) plans became popular, Robert was on the leading edge in building a "participant centered" approach to plan service platform design as well as recognizing the future emergence of fiduciary responsibility that was to become a major compliance focus of all 401(k) plans today.
Robert is the company’s chief fiduciary consultant responsible for designing and maintaining our best practices approach to plan design, fiduciary compliance, and investment vendor and fund selection for our clients. He is an Accredited Investment Fiduciary Analyst (AIFA®) through the Center for Fiduciary Studies, University of Pittsburgh - Joseph M. Katz Graduate School of Business as well as registered representative, and investment advisor with Prospera Financial Services, Inc.
"There has been a tremendous focus on plan level investment cost lately. While always important, has over shadowed the overall performance or success as a plan. Fiduciary exposure, investment growth, participation level, suitable investment allocations and ease of plan administration are measurable areas where better performance is more valuable than the lowest cost to all stakeholders."
Robert is often a featured speaker on a variety of retirement and fiduciary subjects for employers, human resource professionals, accounting professionals and employees groups. He was also recently nominated as one of the 300 Most Influential Advisors in the country by The 401(k) Wire.
Robert was recently chosen to represent the 401(k) industry as delegate to meet with ranking members of the U.S. Congress to discuss the private pension system and tax reform. More on this meeting: