Cafaro, of The Cafaro Group, a member firm of National Retirement Partners, located in Little Silver, New Jersey, was selected from over 130 nominations by retirement plan advisors, retirement plan providers and plan sponsors across the nation.
“The retirement security of millions of Americans depends on employer-sponsored programs, and most of those programs today rely on the skills and presence of a financial advisor,” noted Adams. “This award recognizes the contributions of the nation’s best financial advisors in helping make retirement security a reality for workers across the nation.”
In bestowing the award, Adams, who also serves as Dean of the PLANSPONSOR Institute , acknowledged Cafaro’s contributions to both plan sponsors and participants – increasing participation and deferrals at plans though working with participants and her clients are eager to tell of her commitment to the profession to which she has dedicated nearly 30 years.
Cafaro’s clients attest not only to her passion for working with retirement plans and participants but also to her extensive knowledge of various plan designs. Although most of her work currently is with 401(k) plans, nearly a third of the plan assets Cafaro works with currently are defined benefit plans-and her working knowledge of various plan options has been particularly critical in recent months as her clients evaluate their options.
“The secret to Dorann’s success is no secret at all,” noted Adams, “and it is obvious in even the most casual conversation about the profession to which she has dedicated nearly 30 years. “She cares,” says one client, “and it shows.”
In addition to receiving the Retirement Plan Advisor of the Year award, Cafaro was also part of PLANSPONSOR ‘s listing of some of the nation’s most successful financial advisors. Those advisors, located around the nation, were recognized in PLANSPONSOR’s December 2005 issue ; they represent nearly $70 billion under advisement and support more than 2.5 million plan participants.
Other finalists for this year’s award wereJim Pierce , of Holmes Murphy in Des Moines, Iowa, Larry Deatherage and Tony Franchimone , with 401(k) Advisors USA in La Jolla, California, Ken Baer , of UBS in Melville, New York, and Brian Ward , of Ward Financial Advisory in Brentwood, Tennessee.
In addition to Adams, the judges panel for the Retirement Plan Advisor of the Year award included Chris Barlow, director of Alliance Sales for ADP Retirement Services, Steff Chalk, founder and president of CHALK 401(k) Advisory Board, Inc., Alison Cooke, Senior Editor of PLANSPONSOR and John Mott, of Smith Barney, who was named PLANSPONSOR Retirement Plan Advisor of the Year in 2005.