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Some Thoughts on 401(k) Day

…to think about a realistic retirement date based on where you are at right now. This “date” is not set in stone and may change over time, but you have to start somewhere. Sit down and do the math using retirement income calculators online to…

The End is Near!..or is it? -Part Two

…Month of Occurrence Total Return 1 year later Total Return to Date May-10 25.95% 16.73% Jun-09 19.56% 17.51% Sep-08 -2.48% 12.48% Oct-07 -36.25% 5.85% May-07 -6.97% 6.09% Mar-06 11.81% 7.33% Apr-05 15.45% 8.07% Based on Data from Bloomberg Interestingly, there were many additional instances of…

Retaining Plan Records

…and the plan’s nondiscrimination and coverage test results. Indefinite Period Records that need to be kept for an indefinite period include those necessary to determine benefits and eligibility for plan participation. By necessity, such records would include any related to dates of service, eligibility, vesting,…

That’s Why They Invented (Virtual) Erasers

…here. The agency also outlined new procedures, higher thresholds and more flexibility for plan sponsors and those working to correct plan failures, such as: Effective date for changes is July 16, 2021 (some provisions have later effective dates). Public comments requested by October 14, 2021….

Why Plan Restatements Provide An Ideal Time To Think About Plan Redesign

…comply with these rules in operation, with differing effective dates. Sponsors of defined contribution plans were already required to formally adopt separate amendments (where applicable) over the last several years to demonstrate good faith compliance with some provisions of these rules. Plan sponsors have different…

Making Your 401(k) Continue to Jingle All the Way

…the potential growth of your 401(k) account is stunted – whatever funds you have taken out of your 401(k) are no longer growing as they should. Keep in mind, too, that participants can reduce or even stop contributions to their 401(k) as they try to…

Pentegra’s Harris Poll: Social Security: Still Reliable?

…continue to grow until 2019 but program costs are projected to exceed income in 2020, with the trust funds expected to be depleted by 2033. Once that occurs, annual revenues from payroll taxes are projected to cover only three-quarters of scheduled Social Security benefit payments…

Thinking of Rolling an Old 401(k) Balance to an IRA? Not so Fast!

…401(k) funds over to an Individual Retirement Account (IRA) – something that some advisors encourage, but which we do not. Our reasons are manifold. Perhaps the most basic one can be filed under “forgetfulness.” When rolling 401(k) funds into an IRA, if the assets are…

Is the Roth 401(k) a Better Way to Save?

…Roth. With a traditional 401(k), employees contribute pre-tax earnings to their retirement plan, where the funds are allowed to be invested in various options made available in the plan. Only when a withdrawal is made from the account does the participant have to pay taxes…

How to Keep Your Retirement Fund Working for You

A blog by Rich Rausser, CPC, QPA, QKA, Senior Vice President, Pentegra Retirement Services – October 14, 2015 Regular readers of my blogs are well aware that I often address strategies for amassing the funds during one’s active working years that are needed for a…

DOL: Tread Carefully When It Comes to ESG Investing

…to review and potentially change any funds that are QDIAs. So what should you be doing now? Review your current investment selection and determine whether or not your plan contains any investment funds that have been selected based on non-pecuniary factors. Action will need to…