Steven Zients is a Managing Director of Fiduciary Plan Advisors at Hightower. He brings more than 25 years of experience in the retirement plan business and more than 35 years of experience in financial services to the team.
Steve is a strong advocate of simplifying plan design, optimizing vendor relationships and taking advantage of provisions in the Pension Protection Act of 2006 to help employees save more and invest appropriately for retirement. He works with plan sponsor clients as an ERISA fiduciary, helping them improve investment line-ups while reducing costs and increasing participation and deferral rates for their employees. He has also led engagements searching for new vendors, performing audits and developing process enhancements for both qualified and non-qualified plans.
Prior to Hightower, Steve was the co-founder of Act2 Retirement Consulting, a firm designed to help plan sponsors maximize their retirement plan for the benefit of their employees. Previously, Steve was Senior Vice President and Director of T. Rowe Price Retirement Plan Services, where he managed the Client Services department. He was responsible for relationship management, ERISA compliance, new business implementation, product development and financial management. During his tenure at T. Rowe Price, he was part of the leadership team that started the business and grew it to over $100 billion in assets under administration.