It’s not uncommon for plan sponsors to seek help fulfilling their responsibilities as plan fiduciaries. Especially with complicated and crucial duties related to administrative and investment oversight, plan sponsors can easily feel out of their depth and may prefer to call upon someone with knowledge and experience with retirement plans…
Retirement plan advisors share a common goal with plan sponsors. This is to help American workers control their own destiny by planning for a more comfortable and secure financial future. In this post, we outline seven steps to retirement readiness for both plan sponsors and for employees. Some employees are…
It’s that time of year again where limits for 401(k) plan contributions are released by the IRS. Because the cost of living index did not rise by much, the limits, for the most part, have remained unchanged. We put together a comparison of 2016 and 2017 to show which limits…
Oversight of investment fees remains one of the most important duties retirement plan sponsors must perform in order to fulfill their fiduciary duties. This responsibility is spelled out in ERISA law. “Reasonable compensation” to service providers is permitted, as long as the work they perform is done with the best…
As consumers, we usually see choice as a good thing. But there can be unintended consequences when there are too many choices. It is common to prefer to have a lot of options to consider when making purchasing decisions. Part of the reason for this is psychological. We fear making a…