…and service agreements. Plan officials are faced with analyzing and interpreting numerous documents from multiple entities. By creating a governance process, plan officials can help ensure plan operations are consistent and adhere to fiduciary standards. *Disclaimer: This recording is not eligible for Continuing Education Credits….
…administration for the plan sponsor, and is typically less expensive. When the various roles such as that of TPA, recordkeeper, investment manager, trustee, custodian and legal counsel are outsourced to multiple firms,it is considered an unbundled approach to a 401(k) plan. Because this type of…
…They can have modest limits on contributions or can go up to multiple six figures in DB and cash balance plans. The key driver here is that unless a client is simply focused on the least expensive way to offer any sort of “retirement benefit,”…
…It can allow the caregiver to pay bills or sell assets, including selling the parent’s home, and managing all assets. POA can be divided into financial and medical responsibilities, so that in the case of multiple children, one child does not have to take care…
…profile. Target date funds offer diversification across multiple asset classes, are adjusted annually to a more conservative mix of investments as the target retirement date approaches and have a set asset allocation strategy. This takes the guesswork out of the mix for the participant. The…
…Board Options Exchange Index measures expected future volatility of the S&P 500 based on the weighted average implied volatility of multiple options traded on the CBOE. In the last week, this measure spiked above 20 for only the second time in 2014, and the fifth…
…down cycles. Third, seek the viewpoint of multiple professionals, rather than relying on the forecast of a single “guru”. NOTE: Information presented herein is for discussion and illustrative purposes only and is not a recommendation or an offer or solicitation to buy or sell any…
…bubble in the foreign markets, stock valuations in the United States are realistic even if they may be a bit optimistic. The Price/Earnings multiple on the S&P 500 at recent highs was just over 18, well within the norms established over the last 35 years….
“Save early, save often” is our much-repeated mantra when it comes to constructing a sound retirement savings strategy. Prudent employees maximize their contributions to their company’s 401(k) plan, especially when it comes to taking full advantage of their employer’s matching funds. But what to do…
…be paid on the amount that was formerly tax deferred. If the plan provides for an employee matching contributions, should matching contributions be allocated on the Roth 401(k) contributions? Yes, if the plan provides for employer matching contributions, such matching contributions must be allocated on…
…due to the obvious loss of the extra investment dollars on your end, but also due to the smaller amount of dollars contributed by your employer as a matching contribution. The negatives of taking a loan should clearly outweigh the short-term benefits. And remember: If…
…taxable year, as having been adopted as of the last day of the taxable year. This means that there is now additional time to establish a plan providing flexibility for employers who are considering adopting a plan — and the opportunity for employees to receive…