…The DOL is expected to issue final rules, but, in the meantime, plan administrators should be ready to comply with the disclosure requirements based on the current guidance. Participant-directed DC plan sponsors must provide the LIIs to participants no later than with the second quarterly…
…a 3(16) fiduciary acts as the sole plan administrator, and therefore is responsible for managing the plan’s day-to-day operations. A 3(38) fiduciary can only be a bank, insurance company, or registered investment adviser; here the plan sponsor hands over authority to the 3(38) fiduciary to…
…discuss why we believe an IPS is an essential element of risk management and fiduciary best practice. What is the purpose of an IPS? The IPS for a plan optimally serves as a framework or guide for the plan investment committee to make investment decisions….
…we focus on how we reduce complexity, how we reduce risk and how we deliver a great relationship – all things that differentiate us best. It’s no surprise that many of the people and companies we meet find it difficult to understand the vocabulary and…
…saved for retirement! Increase your 401(k) savings rate every time you get a pay raise. Remember the old adage, you won’t miss it if you never had it? Making tax-deferred contributions is one of the best ways to save. Pretax salary deferrals reduce current taxes…
…behalf of the plan. Some number of plan sponsors don’t know this even though we try to do our best to make this clear. There are real and serious consequences for them and for your relationship with them if they don’t execute their role well….
…Even email is passé. Instant messaging within the office is now the preferred way of communicating with the millennial generation. But just because they may not want to communicate traditionally doesn’t mean that millennials don’t want help understanding retirement benefits and how to best utilize…
…Growth stocks performed best among small- and mid-sized companies for the quarter. Value stocks, however, have performed best among large- and midcaps for the year-to-date and most recent 12-months through June 30, 2013. International developed markets erased April gains and ended the quarter down (-0.9%…
A blog by Richard Rausser, CPC, QPA, QKA, Senior Vice President – October 11, 2014 In my last blog I discussed the benefits of the new Pentegra SmartPath™, a tool that offers a series of progressive plan design metrics crafted in a way to best…
…like without worrying about using up all of your retirement income. Installment payments generally offer a great deal of flexibility. You can structure your payments, based upon an income stream and cycle (annual, quarterly or monthly) that works best for you. Installment payments based either…
…like without worrying about using up all of your retirement income. Installment payments generally offer a great deal of flexibility. You can structure your payments, based upon an income stream and cycle (annual, quarterly or monthly) that works best for you. Installment payments based either…
…who can provide recommendations that best suit an individual’s retirement goals – in an easy-to-understand manner – seems like it should be easy enough. Let’s make it so. Focus on retirement outcomes and success metrics. Position people for successful retirement outcomes by encouraging them to…