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.

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…

Avoiding 401(k) Litigation and Penalties for ERISA Violations

  Failing to manage your company’s 401k plans in an effective and forward-thinking way could potentially result in 401k litigation that could cost you time and money. Your business has a fiduciary duty to your employees to manage their funds in a proactive and practical manner. Here are some points to keep in mind when Read More…

Know How Your 401k Providers Get Paid

  In the last few weeks, we’ve brought on multiple new clients with existing 401(k)s. The main reason the committees told us that clients were moving to us was that we were able to educate them on how their employees were paying fees. On page 67 of our book, you can see a picture of Read More…

Is Your Retirement Plan Leaking Money?

What do we mean when we say your retirement plan could be leaking? Well, there are features and costs to your plan that are reducing the account balances and benefits for your employees. Here are the three that we see most often: 1. Hardship distributions. A hardship distribution is a plan provision that allows an Read More…