…– which determines if the account balances of key employees is greater than 60% of the total assets held by the plan. We know that the goal of many company owners is to maximize how much you can contribute each year to your retirement. So,…
…would be the named fiduciary and act as the ERISA Section 3(16) plan administrator; that one or more bank trustees who are not participating employers are designated to ensure that contributions are properly collected and remitted, and that assets are duly held for safekeeping; that…
…million workers and $775 billion in retirement assets, 68 percent of companies automatically enroll workers in 401(k) plans, up from 58 percent in 2015. Alight further found that companies are also defaulting workers into the plan at higher rates, with 33 percent of companies doing…
…greater response in CD and bank deposit rates, the impact so far has been muted. In any case, it may be prudent not to “time” CD maturities and to remain diversified across asset classes as opposed to using the Fed as a market barometer. 1….
…the account balances of key employees is greater than 60% of the total assets held by the plan. We know that the goal of many company owners is to maximize how much they can contribute each year to their retirement. So, to avoid uncertainty about…
…definition of investment advice?” Or should there be a streamlined exemption with respect to contributions? (Do “contributions” include rollover contributions? The RFI does not specify.) Should recommendations about investment of IRA assets in deposit-based bank accounts, like CDs, be excluded from the definition of investment…
…personal loan. Liquidate non-retirement assets. Ask a concerned family member or friend for the money. Consider any and all alternatives before you borrow from your 401(k) plan.” That advice still holds true. The senator entitled his Herald-Leader piece “What if you could pay for tuition…
…Funds Rate will be based on inflation measures. Outside of the U.S., the European Central Bank announced that its quantitative easing methodology would entail monthly asset purchases of roughly $70 billion through the third quarter of 2016. Globally, India is supplying attractive growth rates in…
…within 30 days. Not making timely deposits. Generally, employers must deposit participant contributions and loan repayments in the plan as soon as the amounts can reasonably be segregated from the employer’s general assets. “Small” plans with fewer than 100 participants can be assured of meeting…
…rollover of any eligible distribution to an IRA or another employer-sponsored retirement plan. Your plan should have procedures in place to handle direct rollovers. Bonding. Generally, plan fiduciaries and others who handle the assets of a plan must be bonded. The bond must be equal…
…costs, and possible opportunity costs if the currency being hedged weakens. Some experts have also argued that currencies themselves may add to diversification between and within asset classes since they may move in different directions from the underlying stocks or bonds. In short, unless exchange…
…that the top 20% of boomers in net worth own 96% of the equities owned by the entire baby boomer population. This high net worth group generally does not need to sell stock to meet their short-term spending needs. Also, they tend to accumulate assets…