Retirement Plan Check-Up

It’s important to conduct regular check-ups on your retirement plan to make sure you are on track to reach your retirement goals. Below are a few questions to ask yourself, at least annually, to see if (and how) they affect your retirement planning. 1.    Review the Past Year Did you receive a raise or inheritance? … More Retirement Plan Check-Up

Hey Joel! – Is there regulatory guidance that would indicate whether forcing out terminated participants is favorable to keeping them in?

Welcome to Hey Joel! This forum answers plan sponsor questions from all over the country by our in-house former practicing ERISA attorney. Hey Joel, Is there regulatory guidance that would indicate whether forcing out terminated participants is favorable to keeping them in? What fiduciary liabilities are absolved by forcing them out (assuming this is consistent … More Hey Joel! – Is there regulatory guidance that would indicate whether forcing out terminated participants is favorable to keeping them in?

This Won’t Hurt a Bit: It’s Time to Include Health Care in a Holistic Retirement Strategy

Health care expenses are one of the most critical issues that workers and employers face today. Historically, both health care and retirement savings have largely been kept separate, but that conversation is changing. As health care is increasingly considered through the lens of financial wellness, employers need to understand the savings options. Pretax and Roth … More This Won’t Hurt a Bit: It’s Time to Include Health Care in a Holistic Retirement Strategy

Collective Investment Trusts — The Fastest Growing Investment Vehicle Within 401(k) Plans

For almost a century, collective investment trusts (CITs) have played an important role in the markets. They were originally introduced in 1927. A 2016 study showed that they are the fastest growing investment vehicle within 401(k) plans, with 62 percent of asset managers believing their clients will shift from mutual funds to CITs.¹ For the … More Collective Investment Trusts — The Fastest Growing Investment Vehicle Within 401(k) Plans

Q2 2018 Market Review

U.S. equity markets advanced 3.9% (Russell 3000) on solid earnings, economic growth and a tightening labor market. International equities underperformed domestic equities with a 2.6% loss over the quarter (MSCI ACWI ex U.S.) on trade tensions, moderating growth and a stronger dollar. The U.S. fixed income market posted a 0.2% loss (Barclays Aggregate) as interest … More Q2 2018 Market Review

Washington Update

While Capitol Hill is customarily very active when addressing pension and retirement savings reform, they have been remarkably quiet since the passing of the Tax Cuts & Jobs Act at the end of last year. Several changes were on the table, primarily “Rothification” which could have resulted in retirement savings plans being changed to only … More Washington Update

Keeping Beneficiary Designations Up to Date

Many  plan administrators have a challenge with participants not keeping their beneficiary designations up to date. Keeping beneficiary information current is important to a participant’s family and their future financial well-being. Unfortunately, it’s easy for participants to forget this critical designation when life changes occur. If a participant has a life change – e.g., marriage, … More Keeping Beneficiary Designations Up to Date

Cybersecurity and Your Retirement Plan – Are Your Participants at Risk?

Defined contribution plans and their partners share many important pieces of personally identifiable information (PII). Therefore, plan administrators should implement measures to protect PII and their participants from cyberattacks wherever possible. Types of PII that are shared in normal, day-to-day plan activity can include: Name Date of birth Social Security number (SSN) Address Email address … More Cybersecurity and Your Retirement Plan – Are Your Participants at Risk?