The Quintes Blog

Your employees deserve every opportunity to reach their goal of an ideal retirement – and the Quintes blog is part of our goal to inform both employers and employees of the options and choices available to make confident financial decisions for the future.

Department of Labor Issues Relief Guidance for Victims of California Wildfires

Bill Tugaw, Governmental Plan Practice Leader   The U.S. Department of Labor (DOL) recently issued benefit plan guidance and relief for plans and participants affected by the 2018 California Wildfires.  The DOL recognizes that plan sponsors and participants may be affected in their ability to achieve compliance with various regulatory requirements.  The guidance generally applies Read More…

Repay Student Loans or Save in a Retirement Plan? Why Not Both?

Joel Shapiro, JD, LLM, Senior Vice President, ERISA Compliance   Many employees feel squeezed to both pay off their debt and save for their future. A recent Private Letter Ruling (PLR) opens the door for employers to help them. The average student graduating in 2016 has $37,172 in student loan debt.¹ According to the New Read More…

Six Easy Steps to Keep Your Plan Assets Safe

Cyber fraud is a growing concern globally. Individuals are typically very careful to keep their bank account and email authentication information safe, but they aren’t always smart with the rest of their personal information. Participants need to be vigilant with their retirement savings accounts as well. In the past year, we’ve seen a slew of Read More…

Top Three Questions to Ask Your Employer About Your 401(k) Plan

Give This Questionnaire To Your Employer (pdf) For many people, understanding the retirement plan offered by their employers can be a challenging proposition. Knowing the right questions to ask can go a long way toward resolving this issue and providing employees with a clearer picture of the strategies used to maximize their retirement funds. Management Read More…

To Roth or Not To Roth?

Today we’re going to discuss two very common, but critical, questions: Between the pre-tax and Roth plan, which is better for you? And what is the best way for you and your employees to contribute? First, let’s review the difference between pre-tax and Roth plans. We’ll begin with pre-tax. With pre-tax, the amount you contribute Read More…

Is Your Retirement Plan Advisor a Specialist or an Average Joe?

How do you know if your current advisor is a specialist in retirement plans? There are three different questions that will help determine if you’re working with a true specialist or just an average Joe: How many retirement plans does your advisor service? We see many companies use an advisor who is friends with the Read More…

Why You Should be Vigilant About Your 401(k) Fiduciary Duty

Companies that offer a 401k plan under the provisions of the Employment Retirement Income Security Act of 1974 (ERISA) have a fiduciary duty to their employees. Living up to these fiduciary responsibilities is essential to prevent legal actions against the company and to protect its reputation among potential employees in the labor pool. Working with Read More…

How to Know Whether Your Employees Are Ready for Retirement

If you want to measure whether your employees are on track for a successful retirement outcome, here are the four pillars of retirement readiness you need to consider: Portfolio allocation. This is where we measure how employees are invested based on their age group. We perform an analysis to see if they’re properly diversified and Read More…

Three Ways in Which 401(k) Employee Education Works for Your Company

Providing 401k employee education solutions for staff members can ensure that they understand the value of these plans and the ways in which saving for the future can benefit them. Working with a 401k advisor or manager with proven experience and expertise can be a practical step in the right direction for most businesses. A Read More…

Hard and Soft Dollar Expenses

What are hard-dollar and soft-dollar expenses, and how do they impact your retirement plan? Allow us to explain. Hard-dollar expenses typically include the expense of services such as plan design, plan design administration, and compliance. These hard-dollar fees are usually paid to a third-party administrator (TPA) or a bundle provider, who performs both the record-keeping Read More…