Fortified Decision-Making – Structure your plan committee meetings for success

Defined contribution (DC) plan committees face increasing scrutiny on the myriad of decisions they make for their respective plans. During quarterly committee meetings, it’s no longer enough to run through an agenda of basic responsibilities; now, more than ever, leading plan committees recognize that they need to address all of the issues that they are … More Fortified Decision-Making – Structure your plan committee meetings for success

Did Someone Order a Large?

Any committee member sitting through their share of plan investment review meetings has heard the term “large cap” come up quite frequently. In our experience, large cap funds are top of list when the review turns to the stand-alone funds in the lineup.  Given this place of prominence, it is critical to ponder its definition, … More Did Someone Order a Large?

Are You Devoting 88% of Your Attention to Target Date Funds?

By 2019, it is projected that 88% of new retirement plan contributions will be invested in target date funds.¹ Since introduction of the Pension Protection Act in 2007, the use of TDFs as Qualified Default Investment Alternatives (QDIAs) has increased from 36 to 86%.² As a retirement plan advisor, you may not be devoting 88% … More Are You Devoting 88% of Your Attention to Target Date Funds?

Test Your CIT Knowledge

More retirement plan sponsors are considering collective investment trusts (CITs), along with mutual funds and other investment vehicles, as part of their investment menus. As knowledge is growing about CITs (pooled investment funds designed exclusively for qualified retirement plans), there are still many questions about how CITs work. To help you gauge your knowledge about … More Test Your CIT Knowledge

2017 Tax Saver’s Credit

Participants may be eligible for a valuable incentive, which could reduce their federal income tax liability, for contributing to your company’s retirement plan. If they qualify, they may receive a Tax Saver’s Credit of up to $2,000 ($4,000 for married couples filing jointly) if they made eligible contributions to an employer sponsored retirement savings plan. … More 2017 Tax Saver’s Credit

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 … More Improper Handling of Hardship Distributions May Result in Significant Problems