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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.
People often confuse fidelity bonds and fiduciary insurance, so today I’d like to clarify the difference between them. First, one of them is required, while the other is not. A fidelity bond is mandated by ERISA, the Employee Retirement Income Security Act, which is a federal retirement law put in place back in 1974. It Read More…
Let me tell you a story about a recent meeting I had with a prospective client. I was asking them questions about their current retirement plan—what they liked and didn’t like, etc. They told me there were no issues and that they thought their plan was average compared to other plans. When they said “average,” Read More…
If you’re sponsoring a 401(k) plan, you have a duty of loyalty and a duty of prudence to your participants and their beneficiaries. What does that mean? You must have a repeatable process and the selection and monitoring of your plan’s investment options. This means you need to hire and fire investment managers if they’re Read More…
Today we’re excited to share one of our favorite retirement plan solutions: a cash balance plan. A cash balance plan is a different type of retirement plan, and it may be an option for you to add onto your existing 401(k). Many of our clients have recently been bringing up the changes to our nation’s Read More…
Welcome back to our series on our book, “The Quintessential 401(k).” Today we’re going to discuss a cool plan design concept that will incentivize your employees to save more. So what is the best way to design a retirement plan so that employees have enough money to retire? One of the ways we help our Read More…
Welcome back to our ongoing series dedicated to you, the retirement plan sponsor, and your employees. Today we’re going to continue to focus on automatic features and discuss an option that can supercharge your employees’ savings over time. In the last two videos, we talked about automatic enrollment and automatic QDIA. Let’s assume these features Read More…
We’re going to continue the conversation on automatic features by discussing automatic QDIA, or qualified default investment alternative, and how it can help your employees with their investment decisions while providing you protection as the plan sponsor fiduciary. Before we get started, if you are interested in learning about our process to structure a successful Read More…
Are you an HR manager, CFO, or business owner who is tired of chasing your employees when it comes time for them to enroll in the 401(k) plan? Do you have low participation rates? Is there always a certain group of employees who never enroll into your plan? Automatic enrollment can solve these and other Read More…
Automating your employees’ savings and investment decisions can significantly impact your employees’ retirement nest egg. Today, we will be going over four ways to automate your plan. Before we get into our main topic, click here for a free copy of our book “The Quintessential 401(k).” The information in this book will help you learn Read More…
How do emotions impact investment decisions? The concepts we’re about to cover may change the choices you give your employees to help them achieve a healthier financial result for their future. But before we get into that, if you are interested in learning about our process to structure a successful retirement program, click here for Read More…