Washington Update

A number of bills are moving rapidly through the House and the Senate that would (if passed and signed) enhance the retirement plans of many Americans.  While these bills continue to morph, below is a general description of provisions as of early April 2019. Retirement Security & Savings Act Senators Rob Portman (R-Ohio) and Ben … More Washington Update

Helping Participants Determine Retirement Readiness

Many plan sponsors struggle with providing resources for participants to help them determine their retirement readiness. Participants will have many questions and need many answers, including deciding when they want to retire, when they can retire, how much money they will need, how much they have yet to save, and how they are going to … More Helping Participants Determine Retirement Readiness

Public Sector Fiduciaries and Their Responsibilities

Fiduciaries are responsible for the management of employee retirement plans in many regards, including plan investments and plan administration.  As such, fiduciaries have responsibilities to both their participants as well as their employers, to hold to the fiduciary standards in all aspects of their work. What are fiduciary responsibilities? Fiduciaries have important responsibilities and are … More Public Sector Fiduciaries and Their Responsibilities

Q1 2019 Market Review

U.S. equity markets rebounded sharply up 14% (Russell 3000) in the first quarter on progress with China trade talks and more dovish comments from the Federal Reserve. International equities rallied as well, posting a 10.3% gain over the quarter (MSCI ACWI ex U.S.). The U.S. fixed income market was up 2.9% for the quarter (Bloomberg … More Q1 2019 Market Review

Hey Joel! – Should we consider life insurance in our retirement plan?

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, Should we consider life insurance in our retirement plan? ~ Beefin’ up my plan in Buffalo Dear Beefin’, I’m not a fan of having this type of “investment” within a retirement … More Hey Joel! – Should we consider life insurance in our retirement plan?

Ten Reasons to Roll Over Into Your Plan Versus an IRA

Do you have employees in a prior employer’s retirement plan? Should they transfer these assets to a personal IRA or into your employer-sponsored retirement plan? Review the pros and cons of an individual retirement account (IRA) versus consolidating into the current retirement plan with your employees to help them make this decision. Performance results may … More Ten Reasons to Roll Over Into Your Plan Versus an IRA

Hey Joel! – My client wants to conduct an RFP for an ERISA attorney, what are important questions they should include?

Dear Questioning, While it is a somewhat unusual step to formally RFP for an ERISA counsel search, it can be a good exercise to ensure your client finds the best fit for their organization. Note, ERISA counsel typically does act in a fiduciary capacity in providing legal advice, so selection of ERISA counsel would likely not … More Hey Joel! – My client wants to conduct an RFP for an ERISA attorney, what are important questions they should include?

Visualize Retirement – What Are Your Participants Saving For?

All too often, retirement planning success is measured purely by financial metrics: savings amounts (15 percent per year), income replacement ratios (75 percent of preretirement income), or withdrawal strategies (4 percent per year). And the most critical part of planning for retirement is forgotten: the plan itself. Put another way: how can an employee know … More Visualize Retirement – What Are Your Participants Saving For?