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

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

Competing with Starbucks / Franchising of 401(k) Advisory Services

Imagine you own an independent coffee shop and Starbucks offers you a franchise with no upfront costs and a healthy revenue share going forward. Well, you could continue to figure out where to buy your napkins, how long to roast the beans, and a thousand other operational details, or you can implement a proven business model where much of the marketing, operations, and client deliverables … Continue reading Competing with Starbucks / Franchising of 401(k) Advisory Services

Erisa, DOL, 401(k), 403(b)

Socially Responsible Funds—Think Green? No. Think Red!

It was a few years ago that the Department of Labor issued guidance reaffirming their position that the goal for investments in ERISA plans (such as 401(k)s and 403(b)s) must be to design investment menus to allow participants to attempt to maximize returns and not for any factor other than the economic interest of the plan. The guidance specifically addressed funds meeting environmental (green) criteria … Continue reading Socially Responsible Funds—Think Green? No. Think Red!