“Non-Qualified” Success 401(k) Advisors Overlook

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Retirement plan advisors can often miss opportunities to meet client needs, add revenue, and tighten relationships that are literally staring them in the face. While intent on designing and managing retirement plans for the benefit of plan sponsor clients and their workforce, 401(k) specialists may neglect the opportunity to help business owners and key executives … Continue reading “Non-Qualified” Success 401(k) Advisors Overlook

Fiduciary Seminar Alert

Investment Policy Statement, ERISA, DOL

Plan fiduciaries have a primary responsibility to understand and prudently discharge their duties in accordance with ERISA and their plan document. To complement the fiduciary consulting services we make available to you, consider taking advantage of fiduciary education sessions hosted by the DOL. The website provided below has great content on other fiduciary topics as … Continue reading Fiduciary Seminar Alert

3(16) ERISA Fiduciary Definition

Actual Deferral Percentage, Actual Contribution Percentage

Recently there has been an emergence of entities offering to provide ERISA Section 3(16) services. Plan sponsors may be interested in divesting themselves of Section 3(16) plan administrator responsibilities and there are questions regarding this concept and its perceived desirability. The unfortunate reality is that the advertisements, marketing material and articles (often written by interested … Continue reading 3(16) ERISA Fiduciary Definition

Fiduciary Liability Insurance

Retirement Plans, The Labor Management Relations Act of 1947, Taft Hartley Act

Plan sponsors are often concerned with the prudence and process of obtaining insurance covering ERISA retirement plan fiduciaries. While fiduciary insurance is an important aspect in mitigating the financial impact of fiduciary litigation, there are a number of additional, important activities that are prudent for fiduciaries to embrace. ERISA fiduciaries are well advised to follow … Continue reading Fiduciary Liability Insurance

Investment Policy Statement Review: Beyond the Obvious

Actual Deferral Percentage, Actual Contribution Percentage

  The Employee Retirement Income Security Act of 1974 (ERISA) holds fiduciaries to a standard of prudence when making investment-related decisions for a qualified ERISA plan. The Department of Labor (DOL) and the courts have largely determined that said standard of prudence can best be determined by a fiduciary’s process, or procedures, used in making … Continue reading Investment Policy Statement Review: Beyond the Obvious

Qualified Plan Governance: Is Your Fiduciary House in Order?

Fiduciary, ERISA

As we enter the New Year, many qualified retirement plan sponsors use this time as an opportunity to examine current fiduciary structure and processes to ensure all is in order. Whether or not your organization’s retirement plans have been recently audited by the Department of Labor and/or Internal Revenue Service, it is advisable to be … Continue reading Qualified Plan Governance: Is Your Fiduciary House in Order?

3(16) ERISA Fiduciary Definition

3(16), ERISA, Fiduciary

Recently there has been an emergence of entities offering to provide ERISA Section 3(16) services. Plan sponsors may be interested in divesting themselves of Section 3(16) plan administrator responsibilities and there are questions regarding this concept and its perceived desirability. The unfortunate reality is that the advertisements, marketing material and articles (often written by interested … Continue reading 3(16) ERISA Fiduciary Definition