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Steven Abernathy

Steven Abernathy began his career at Shearson American Express in 1982, serving as Senior Vice President of Portfolio Management. In 1989, Mr. Abernathy joined Cowen & Co., a research and trading boutique specializing in healthcare and technology, as a Special Limited Partner and Director of its Executive Services Division. While at Cowen, he developed The Abernathy Group, a group of investment professionals specializing in asset management for experts in healthcare and technology with additional emphasis on value investing. In 1996, Mr. Abernathy co-founded The Abernathy Technology Research Institute, a registered broker-dealer. He is also a member of the CFA Institute and the New York Society of Security Analysts. Mr. Abernathy earned a Bachelor of Science as a pre-med student from Fordham University. He is currently the Principal and Chairman of the Board at The Abernathy Group II Family Office and CEO of Abernathy Daley 401k Consultants.
Picture of Steven Abernathy

Steven Abernathy

Steven Abernathy began his career at Shearson American Express in 1982, serving as Senior Vice President of Portfolio Management. In 1989, Mr. Abernathy joined Cowen & Co., a research and trading boutique specializing in healthcare and technology, as a Special Limited Partner and Director of its Executive Services Division. While at Cowen, he developed The Abernathy Group, a group of investment professionals specializing in asset management for experts in healthcare and technology with additional emphasis on value investing. In 1996, Mr. Abernathy co-founded The Abernathy Technology Research Institute, a registered broker-dealer. He is also a member of the CFA Institute and the New York Society of Security Analysts. Mr. Abernathy earned a Bachelor of Science as a pre-med student from Fordham University. He is currently the Principal and Chairman of the Board at The Abernathy Group II Family Office and CEO of Abernathy Daley 401k Consultants.
401(k) benefits meeting

Are You Overpaying for Your Company’s 401(k) Plan? Why Regular Benchmarking is an Essential Fiduciary Responsibility

Corporate retirement plans have become more scrutinized as companies face lawsuits, penalties, and reputation risks related to 401(k) and 403(b) plan mismanagement. Abernathy-Daley’s primary research indicates that nearly 80% of mid-to-large-sized companies are overpaying for plan administrative fees due to the lack of regular benchmarking. Without independent audits, employers may overspend and risk non-compliance with fiduciary obligations mandated by the Employee Retirement Income Security Act (ERISA).  For employee benefits professionals and financial executives, regularly benchmarking fees and services is a practical way to reduce costs, protect the organization from legal exposure, and support employee retirement outcomes. The Hidden Costs of Neglecting

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