Hey Joel, I volunteer on the Board of Directors, so I don’t have liability, right? ~ Can’t Touch This in Colorado Dear Can’t, Liability is a complicated topic. If the plan is an ERISA plan, then state law is immaterial. Compensation has zero impact on whether an individual is a fiduciary. It is role and control that are the determinants. If you can exercise control … Continue reading Hey Joel! – I volunteer on the Board of Directors, so I don’t have liability, right?
A top concern for individuals nearing retirement is out-of-pocket healthcare costs. A recent survey revealed that 74 percent (of 1,316 U.S. adults aged 50 or older) admit that one of their top fears is out-of-control healthcare costs, and 64 percent are terrified of what healthcare costs may do to their retirement plans (up from 57 percent in 2015).¹ Although the fear is clearly real, there … Continue reading Health Modification Can Increase Retirement Dollars
Your retirement plan is a valuable resource for your employees and serves as a vehicle to attract and retain top talent. Ensuring plan success is crucial. Examining plan analytics can help evaluate its success. Plan analytics you should explore: Median age, tenure and savings rates of plan participants – These analytics can be helpful to determine which age groups are not strongly participating and may be … Continue reading Use Plan Analytics to Evaluate Your Retirement Plan