Fiduciary Insights

Our Thoughts Exactly

When Should You Retire Your Simple IRA?

When Should You Retire Your Simple IRA? In 1996 the Savings Incentive Match Plan for Employees (aka SIMPLE IRA) was introduced as an alternative to offering a 401(k) plan. Yet a lot has changed over the last 25+years – innovation, technology and fiduciary solutions have made offering alternative structures a viable option for small businesses.  […]

ERISA 404(c) Checklist

  Does your plan meet the requirements of ERISA Sec. 404(c)? Download the checklist now

Effective Plan Governance (EPG) Assessment & Scoring Worksheet

  Effective Plan Governance (EPG) Assessment & Scoring Worksheet Download the Assessment & Scoring Worksheet now

Plan Suitability Quiz

  Practical and tactical actions for small business owners. Download the quiz now

Good Plan Design Leads to Financial Wellness

Facilitate Employee Financial Wellness with the Optimal Retirement Plan Design Employee financial wellness has become one of the favorite buzz phrases in the industry over the past decade; and the Covid-induced economic challenges of this past year are making it more of a necessity. Employer-sponsored retirement plans play a pivotal role in employee financial wellness […]

Help Improve Employees’ Retirement Outcomes

Why Now May Be the Time to Consider Reenrollment Today, people are living longer, with more time spent in retirement: Average U.S. life expectancy was 79 in 2015 – it will jump to 104 for those born today.1 However, many aren’t prepared. Two in five households approaching retirement have no retirement savings at all.2 For […]

Buzzing About Employee Wellness

Businesses are Buzzing About Employee Financial Wellness   In the last four years, the percentage of plans that offer a comprehensive financial wellness program has grown from 16% to 23%. What are the most common employee concerns addressed by financial wellness programs?[1] Getting spending under control (41%) Preparing for retirement (39%) Paying off debt (31%) […]

Keep More of What You Earn

Keep More of What You Earn by Adopting an Ideal Retirement Plan   As a small business owner, there are many plan design options available to help you achieve personal and corporate retirement planning goals. Plan designs range from straight-forward IRA-based arrangements like simplified employee pension (SEP) or savings incentive match plans for employees (SIMPLE) […]

Electronic Notice Delivery Requirements

Are you meeting the DOL requirements for electronic plan delivery? Plan sponsors have a safe harbor means to deliver certain plan documents and notices electronically to participants and other interested parties. The Department of Labor (DOL) announced a final rule on May 21, 2020, effective July 27, 2020, that allows employers to post certain retirement […]

Five Reasons to Start a 401(k) Plan

Did you know that small business drives over 95% of the U.S. economy and employs over 60% of the workforce, yet less than half offer their employees a retirement plan1?

4 Best Practices 4 Starting a 401(k)

By starting a new retirement plan, you have the unique opportunity to start from strength, without legacy headaches and challenges. We have learned a lot since the first 401(k) was introduced nearly 50 years ago

Better Worker Retirement Outcomes

Why now may be the time to consider reenrollment Today, people are living longer, with more time spent in retirement: Average U.S. life expectancy was 79 in 2015 – it will jump to 104 for those born today.1 However, many aren’t prepared. Two in five households approaching retirement have no retirement savings at all.2 For […]

5 habits of successful 401(k) sponsors

As a plan sponsor, your 401(k) participants depend on you to help create the retirements they envision. The good news is that many of these participants likely recognize the importance of saving for retirement. In fact, with retirement lasting longer than ever, 401(k) millionaires – those with at least $1 million in their retirement accounts […]

Solving Complex Challenges with Simple Solutions

As an employer and sponsor of a retirement plan, your company shoulders a great many responsibilities. Among them: listening to the needs of your employees, selecting appropriate retirement plan service provider(s), choosing and monitoring investments, keeping up with legislative changes, ensuring your plan is administered properly, and educating and informing plan participants – all at […]

Don’t Go At Your 401(k) Plan Alone

Sponsoring a retirement plan is one of the more challenging endeavors an employer can undertake. However, the advantages of offering a plan are undeniable – not only does it offer a savings vehicle for you and your employees, the tax advantages may help both your business and participants. Administering a plan and managing the assets […]

3 Ways to Reduce 401(k) Plan Costs

Ensuring that a plan’s fees costs are “reasonable” is one of the principal duties of a retirement plan fiduciary. This would seem simple enough, yet ERISA does not define reasonable and regulators simply provide broad, general guidance relating to the matter. This leaves plan sponsors with little to no direction as to where to begin. […]