Ten Reasons to Roll Over Into Your Plan Versus an IRA

Do you have employees in a prior employer’s retirement plan? Should they transfer these assets to a personal IRA or into your employer-sponsored retirement plan? Review the pros and cons of an individual retirement account (IRA) versus consolidating into the current retirement plan with your employees to help them make this decision. 1. Performance results Read More…

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…

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…

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…

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…

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…

Free Plan Review

We’re excited to talk about our free plan review offer today. This is a process where we examine the cost, services, and performance of your current retirement plan and do a live benchmarking to prepare it for other providers. What does benchmarking a retirement plan really entail? There are three main areas: cost, services, and Read More…

The Benefits of Automatically Rebalancing Your Portfolio

Today we are going to focus on your employees. Specifically, we will discuss how they can improve their investment outcomes. One of the things your employees can do is automatic rebalancing. This is a process to reallocate your assets within a portfolio to stay in line with predetermined percentages. Rebalancing makes sure that there is Read More…

Don’t Settle For an Average Retirement Plan

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…