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

Plan Eligibility

What Constitutes Proper Documentation of Retirement Plan Committee Meetings?

With most retirement plans the fiduciary responsibility of selecting and monitoring the plan’s menu of investments is designated to a retirement plan investment committee. This committee usually includes financial officers and human resources officers of the employer. The committee meets periodically (anywhere from annually to quarterly) to consider agenda items including investment due diligence, fees and services of plan providers, status of plan goals, etc. … Continue reading What Constitutes Proper Documentation of Retirement Plan Committee Meetings?

Plan Sponsor, Fiduciary

But He’s My Brother-in-Law!

As a plan sponsor and fiduciary, it may be tempting to use your brother-in-law, old college roommate or golf buddy as your company’s retirement advisor. After all, you know them well and they would never steer you in the wrong direction, right? However, ERISA’s rules are crystal clear: every decision you make as a fiduciary must be in the best interests of plan participants and … Continue reading But He’s My Brother-in-Law!

Advisors, Investments, Collective Investment Trusts,

Why Advisors are Taking a New Look at Collective Investment Trusts

As many institutional investment advisors know, Collective Investment Trusts have been in existence since the 1970s. Yet today’s collective funds are becoming increasingly popular as plan sponsors and institutional investment advisors seek more efficient ways to provide plan participants with high quality/low cost investment options. What Has Changed There are two reasons for collective funds growing popularity. First, the industry has eliminated many operational impediments … Continue reading Why Advisors are Taking a New Look at Collective Investment Trusts