…have many plan designs and options to offer depending on what we determine may be a best fit for your clients. The temptation is to quote them what they ask for. We think the better approach is to first invest a little time in understanding…
…fit and there are situations where they may not be the best solution for plan participants. While most defined contribution plans include a stable value fund option, often the best choice depends on certain facts and circumstances. Considering a stable value product for a plan’s…
…He is a frequent speaker on retirement benefit topics; a Certified Pension Consultant (CPC); a Qualified Pension Administrator (QPA); a Qualified 401(k) Administrator (QKA); and a member of the American Society of Pension Professionals and Actuaries (ASPPA). He holds an M.B.A. in Finance from Fairleigh…
…establishing “a new, additional safe harbor for employee benefit plan administrators to use electronic media, as a default, to furnish information to participants and beneficiaries of plans subject to the Employee Retirement Income Security Act of 1974 (ERISA).” And yes, that translates as email, text…
…of 2019 (SECURE) Act. While it is a good thing to finally have this information in hand, there is still some concern that not everyone who wants to be a PPP should necessarily be one. A PPP acts as a PEP’s administrator and named fiduciary….
…legislation will help give workers more flexibility to foot the bill for an unexpected emergency expense.” The proposed legislation has received what can best be described as mixed reviews. The American Retirement Association (ARA), which includes the American Society of Pension Professionals & Actuaries (ASPPA),…
…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…
…income. Was this an oversight or error on Congress’s part? Further clarification is needed. Plan sponsors and administrators will also need a mechanism, like the one for Roth IRAs, to recharacterize pre-tax catch-up contributions to designated Roth catch-ups and vice versa. Sponsors can provide de…
…and one provider as recordkeeper, TPA, investment manager and custodian. Investment offerings are usually limited, and service delivery reflects the choices and qualities of the provider who may or may not be a leader in all facets of retirement plan work. When we partner with…
…the ESG banner are such factors as a company’s climate change policies, carbon footprint, recycling strategies, ethical supply chain sourcing, diversity and inclusion practices in hiring and its board of directors/management team, and transparency in shareholder communications. There are no big surprises in the DOL’s…
…needs and goals. To be an effective advisor, it’s important to recognize these distinctions and ask the right questions to determine the 401k that best fits your clients’ needs. And in a competitive environment, our ability to customize their plan and experience can make all…
…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…