About Us

Ted Benna

Not all entrepreneurs and techies are under age 25.

Ted Benna

Ted Benna is commonly referred to as the “father of 401(k)” because he created and gained IRS approval of the first 401(k) savings plan. He has received many citations for his accomplishments including:

  • 2001 National Jefferson Award recipient for Greatest Public Service by a Private Citizen,
  • 2001 Player of the Year selected by Defined Contribution News,
  • one of eight individuals selected by Money Magazine for its special 20th Anniversary Issue Hall of Fame,
  • selected by Business Insurance as one the four People of the Century,
  • one of ten selected by Mutual Fund Market News for its special 10th Anniversary Issue Legends in Our Own Time and
  • Lifetime Achievement Award by Defined Contribution News 2005.

Ted has authored four books the latest of which is 401(k) for Dummies.

Al Lazaro

Al Lazaro

Al Lazaro is a National Sales Manager for the Central Region at 401(k) Benna, LLC. With more than 22 years of Financial Services and Retirement experience, he is responsible for business development and marketing of the company’s services to support 401(k) Fiduciaries, Financial Professionals, and Plan Sponsors. Al will advise clients on 401(k) fees that are considered reasonable and appropriate.

Prior to joining 401(k) Benna, LLC. Al was the Director of Defined Contribution Investment Only Sales at New York Life / MainStay Investments. He also served as Regional Vice President DCIO Sales for Van Kampen Investments covering the Midwest Territory. As a DCIO Wholesaler for over 15 years, Al has partnered with top 401(k) Advisors, Platform Wholesalers, and TPAs by impacting their bottom line and improving 401(k) participant outcomes.

Al received a BS in Business Management from Bradley University, Peoria, IL. He currently resides in Chicago with his wife and two children.

David L. Wray

David L. Wray

David L. Wray is currently a special consultant to 401(k) Benna, LLC, an independent firm assisting plan sponsors in managing their advisor relationships.

From 1987 to 2012 he was president of the Profit Sharing/401(k) Council of America (PSCA); a national, non-profit association of companies that sponsor profit sharing and 401(k) plans for 3 million employees. During that time (2002-2004) he was a member of US Department of Labor ERISA Advisory Council; an appointed group that advises the US Secretary of Labor on employee benefits issues. He was its Chair in 2004. From 1993 through 1995 he was also president of the International Association for Financial Participation; a Paris based alliance of national organizations that promote the use of employee financial participation programs.  He authored “Take Control with Your 401(k)” published 2002 and revised in 2007.