…trouble often sets in. Let’s look at just one of the many situations that can derail even the best game plans. Let’s say the NHCEs at a company defer 5 percent of their salaries. Bob and Dave – the company’s only two HCEs – can…
Each year, plan sponsors are encouraged to celebrate 401(k) Day by promoting their retirement plan. This year, National 401(k) Day is on September 8. Offering participants a plan designed with their best interests in mind, along with effective savings and accumulation strategies, and corresponding decumulation…
…Offering a 401(k) match is key for companies that are looking to retain millennials. It’s not only a major contributing factor when millennials are first contemplating which company is going to be best for them to work at, but also whether they will stay there…
…each month, they won’t be able to contribute to even the best-designed plan. You know as a wealth management advisor just how important debt management, credit card responsibility, and emergency funds are to a stable financial future, and at the same time, you’re aware of…
…concerned about style risk or mistiming market cycles, it may be best to invest in a broadly diversified fund, such as an S&P 500 Index fund. Or, if you prefer to invest in style funds, a mix such as 50% Growth and 50% Value will…
…savers. Making Both Contributions: Best of Both Worlds? Some employers choose to use both contribution types in their plan. Let’s take an example: ABC Corp currently uses a matching contribution equal to 100% of the first 6% of employee contributions. They have a multitude of…
Market volatility can sometimes cause us to make emotional financial decisions. That may not be the best strategy when saving for retirement. Join us as we discuss ways to help manage your investment strategy during times of market volatility, including: Evaluating where you are &…
…offering only government money market funds as a short term investment option is in the best interest of its 401(k) plan sponsors and participants. Plan sponsors and participants expect money market fund investments to be simple to understand and protected from surprises such as markdowns…
…lost tax savings or retirement savings since they’re not optimized to their particular situation. Aligning retirement plan design with a client’s goals means to listen and assess what their true goals are and then present a range of ideas that can best deliver what they…
…cost, fiduciary, and administrative issues. Any employers that are considering participating in a MEP should carefully assess whether a MEP is the type of retirement plan that best meets its needs and if so, which MEP can provide the employer with the services it deserves….
…made and are looking for a time horizon or risk-based investment strategy with a single decision. Investors overwhelmed by too many funds from which to choose may make less-than-optimal decisions at best, no decisions at worst. WHY DO TARGET DATE FUNDS MAKE A GOOD QUALIFIED…