Effective Governance May Lead to Better Retirement Plans

Effective Governance May Lead to Better Retirement Plans

Participant-driven lawsuits are on the rise, and employers are facing heightened scrutiny of the way they manage their retirement plans. In today’s continually-evolving regulatory and legal environment, it’s more important than ever to make sure your organization’s retirement plan is both effective and compliant. A well-structured retirement plan governance program can help you pursue these […]

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Cyber Attacks Are on the Rise, Is Your 401(k) Plan Protected?

Cyber Attacks Are on the Rise, Is Your 401(k) Plan Protected?

Cyber-crime is on the rise worldwide. As a result, growing numbers of organizations are taking critical steps to protect their valuable electronic data from hackers and other cyber criminals — a process known as cybersecurity. It’s serious business, and a trend retirement plan sponsors and committees should pay attention to.
In 2015, IBM’s chair, president and […]

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Meeting Your Fiduciary Responsibilities after the DOL Fiduciary Rule

Meeting Your Fiduciary Responsibilities after the DOL Fiduciary Rule

The DOL Rule is Dead
On June 21, 2018 the 5th Circuit Court of Appeals vacated the requirements of the U.S. Department of Labor’s (DOL) Conflict of Interest Rule—more commonly referred to as the “DOL Fiduciary Rule”—thus killing the rule entirely.  Despite this news, the death of the DOL Fiduciary Rule does not alleviate a plan […]

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The Financial Marathon

The Financial Marathon

A Marathon for Everyone
Recently, I went to cheer on a friend running in her first marathon. The excitement of watching thousands of people accomplish such an amazing goal was an experience like no other. I waited at the last bend before the finish line so I’d have a good vantage point for cheering my friend […]

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Missing 401(k) Participants cannot be ignored

Missing 401(k) Participants cannot be ignored

Locating missing plan participants can be a headache for any employer, but simply ignoring them is not an effective solution. Regulatory agencies in previous years have published guidance on this topic relating to missing “retired” employees. With the increase in the number of “pre-retired” missing plan participants, governmental bodies are now taking additional measures to […]

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The Dreaded 401(k) Refund: Corrective Distributions

The Dreaded 401(k) Refund: Corrective Distributions

401K REFUNDS: NOT AS GOOD AS THEY SOUND
With tax season fresh on our minds, many hear the word refund and begin running down their imagery wish list of ways to spend this extra money. However, when it comes to 401(k) refunds, or corrective distributions, the excitement should be dialed back.
Corrective distributions are a headache for […]

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Plan Fiduciaries, do you need support?

Plan Fiduciaries, do you need support?

Should we have a retirement plan committee?
If you are an employer or employee who has decision-making authority over your company’s retirement plan, there is a strong chance that you are a 401(k) plan fiduciary.  You have a legal obligation to operate the plan solely in the interests of the plan participants (people with retirement account […]

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Tax Cuts & Jobs Act

Tax Cuts & Jobs Act

Policy Highlights
The Tax Cuts and Jobs Act (H.R. 1) overhauls America’s tax code to deliver tax relief for workers, families, and job creators.  By lowering taxes across the board and modernizing our international tax system, the Tax Cuts and Jobs Act will help create jobs, increase paychecks, and make the tax code simpler for Americans […]

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Does Your Investment Menu Need a Tune Up?

Does Your Investment Menu Need a Tune Up?

BENCHMARKING YOUR 401(K) FUNDS
Benchmarking is a retirement plan best practice that allows plan sponsors the opportunity to “take a peak under the hood” of their 401(k). The process allows you to compare your plan to similar plans, measuring key metrics such as participant saving and participation rates, fee reasonableness and service providers. Benchmarking should be […]

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Items Your Annual Retirement Plan Review May Be Missing

Items Your Annual Retirement Plan Review May Be Missing

As a plan sponsor, you are no stranger to the annual retirement plan review. And believe it or not, it is that time of year again! Although you may meet quarterly or semi-annually with your advisor, a yearly plan assessment is an opportunity to evaluate the health of your plan.
Many times, the focus of an […]

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