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…
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…
Today we are continuing our series on how to structure a successful 401(k) plan for you and your employees. Specifically, we are talking about risk reduction and what it means to re-balance your 401(k) account so you can keep your portfolio in line with a predetermined growth strategy. To understand how to avoid risk, you Read More…
Creating a diverse 401(k) lineup will help you minimize risk and maximize market opportunity. But how is this achieved? The first rule of diversifying your 401(k) lineup is to invest in a broad range of asset classes that behave differently in different markets. To start, let’s talk about the two types of mutual funds to invest Read More…
Today we are on-site at the California Rodeo Salinas, home of the biggest rodeo in California. It was known as a “Wild West Show” back in 1911 when it began. So what does the Rodeo and Retirement Plans have in common? On June 21, the Fifth Circuit Court of Appeals issued its mandate vacating the Read More…
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…