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Most dental practice owners assume their retirement plan is working exactly as intended. But what if hidden fees, outdated structures, and poor oversight are quietly costing your practice thousands every year?
In this episode of the Practice Pulse Podcast, Dr. Aditi Agarwal sits down with forensic 401(k) consultant Paul Sippil to uncover what most practice owners never realize about retirement plans. Paul shares insights from reviewing thousands of retirement plans and explains why many dental practices unknowingly overpay, misunderstand their fees, and miss opportunities to create stronger benefits for employees.
From hidden advisor compensation and fiduciary responsibilities to practical questions every practice owner should ask immediately, this conversation breaks down one of the most overlooked areas of practice management. If you own, manage, or lead a dental practice, this episode may completely change how you think about retirement planning.
Timestamps
00:00 – Introduction
01:34 – Are dental practices overpaying for 401(k) plans without realizing it?
04:38 – What is causing retirement plan fees to triple or quadruple over time?
05:37 – What can a practice do immediately to mitigate escalating costs?
08:14 – Is a financial advisor necessary for fiduciary protection?
09:21 – Why should practice owners pay plan fees at the employer level instead of the participant level?
15:37 – What are the biggest misconceptions practice owners have about their plans?
20:37 – What services are advisors, administrators, and recordkeepers actually supposed to provide?
32:20 – What specific questions should a practice owner ask their current provider immediately?
35:50 – Why might an advisor be contractually limited from recommending the best providers?
About the Speaker
Paul Sippil is a forensic 401(k) consultant specializing in retirement plan transparency, fiduciary oversight, and cost optimization. Since 2009, he has reviewed thousands of retirement plans and Form 5500 filings to help business owners identify hidden fees, conflicts of interest, and inefficiencies within retirement plans. His work focuses on translating complex retirement plan structures into practical insights that help organizations reduce costs, improve transparency, and make better financial decisions.
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