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…
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…
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…
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…
Offering a retirement plan is a major benefit businesses can offer to their employees; yet I often come across clients who have lower-wage employees who do not participate. Most business owners assume their lower-wage employees don’t elect to participate in a 401(k) plan simply because they cannot afford to, but in reality the the lack Read More…
During a recent Plan Review with a client, we discussed all the normal aspects of their plan— design, administration, investments, employee education, etc. This client is a start-up company in the Silicon Valley that is rapidly growing and hires new employees on a weekly basis. The Problem? Part of their problem that contributed to the lack Read More…
I had an interesting experience recently. A prospective client asked me to meet with her company’s administrative support staff to go over their retirement plan management procedures. I asked each member of the staff to explain to me the various duties each performed in support of their company’s 401(k) retirement plan and the amount of Read More…