Episode #43 – Resource Review – Radish Plan (Performance-Based Profit Sharing)
If you’re looking for a different way to engage plan participants — especially those who aren’t participating or don’t care about retirement yet — this is a resource worth taking a look at.
In this episode of the 401k Best Practices (Ask the Experts) podcast, I sit down with Kyle Bagley for a behind-the-scenes look at Radish Plan, a unique take on profit sharing designed to connect employee behavior, incentives, and retirement savings.
Radish is a 401(a) profit sharing plan that allows employers to fund retirement contributions based on performance, goals, and behaviors — things like attendance, safety, productivity, and tenure. The idea is simple: instead of hoping employees engage with retirement plans, give them a reason to care by tying contributions directly to what they do every day.
During our conversation, Kyle walks through how Radish works, how employers are using it as both a retention and recruiting tool, and why traditional approaches to participation and engagement often fall short — especially with middle- and lower-income employees.
We also talk about how this fits alongside a 401(k), how advisors can introduce it to plan sponsors, and why this approach may create a stronger connection between work, rewards, and long-term savings.
If you’ve ever struggled with participation, engagement, or helping employees see the value of their benefits, this is a resource that offers a very different way to approach the problem.
Mentioned in this episode:
- Radish Plan – learn more at radishplan.com
- Watch the YouTube version of this episode here to see examples and walkthroughs