Don’t Let Your Ex Take Your Heart and Your Money

Although not a pleasant topic, it is an important one – Who is the named beneficiary of your retirement account should you pass away? When you enrolled in your retirement plan, you were asked to select a beneficiary to receive your retirement plan assets in the event of your death. This step may be more important than you think and it’s imperative that you keep … Continue reading Don’t Let Your Ex Take Your Heart and Your Money

Are You Ready for an Audit?

Several events can trigger a DOL or IRS audit, such as employee complaints or self-reporting under the annual submission of the Form 5500. Often times an audit is a random event, which is why you should always be prepared. Listed below are several key items typically requested in an initial letter sent by the IRS or the DOL in connection with a retirement plan audit. … Continue reading Are You Ready for an Audit?

Improper Handling of Hardship Distributions May Result in Significant Problems

These days, many plans are experiencing an uptick in the number of participant requests for hardship distributions. Much of this increased activity may be attributed to our prolonged and tepid economic recovery. As these requests are considered, you want to be sure not to act to the detriment of your plan. Improper handling of hardship requests can ultimately result in plan disqualification. It is important … Continue reading Improper Handling of Hardship Distributions May Result in Significant Problems

Recruit, Retain, Reward

Recruiting, retaining and rewarding key employees are not just goals of the largest companies in America—they are important to all companies. That’s why, in today’s environment, no plan sponsor can have a truly meaningful conversation about its total rewards package and retirement plan’s design without discussing non-qualified deferred compensation plans (NQDCPs). What is an NQDCP? As people live longer and lead more active lives, retirement … Continue reading Recruit, Retain, Reward

No Beneficiary Designation. Who Gets The Money?

According to a recent Wall Street Journal article, retirement plans and IRAs account for about 60 percent of the assets of U.S. households investing at least $100,000.¹ Both state and federal laws govern the disposition of these assets, and the results can be complicated, especially when the owner of the account has been divorced and remarried. Therefore, it is important for plan fiduciaries of qualified … Continue reading No Beneficiary Designation. Who Gets The Money?

Growing Your Net Revenue in 2017 – Questions to Ask Yourself

As retirement plan advisors, growing your net revenue in 2017 may be a challenge.  As you are probably well aware, the compensation of retirement plan advisors and providers has become a focus of the DOL, with new regulations to soon require plan advisors to take on a fiduciary role.  Broker dealers, RIAs and individual reps can expect increased accountability, liability and costs of doing business. … Continue reading Growing Your Net Revenue in 2017 – Questions to Ask Yourself