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ERISA-Related Lawsuits Beg the Question: How Much Is Too Much?

…the plan to ensure it was prudent.” And in December, fiduciaries of M&T Bank’s 401(k) plan reached a $20,850,000 settlement agreement over a lawsuit alleging that eight of the plan’s 23 designated investment alternatives were M&T Bank proprietary mutual funds that cost significantly more than…

The Coming “Lifetime Income Solution” Revolution

…401(k) retirement savings over the course of one’s retirement years may not be the most prudent strategy. In such event, one may want to consider a Lifetime Income Solution (“LIS”) as part of one’s decumulation strategy. Essentially, LISs are designed to convert accumulated retirement assets…

Keep It Simple!

…is intended to help participants design their 401(k) plan accounts in an uncomplicated way that is easy to understand. Many companies’ 401(k) plans include simple, yet effective tools, such as automatic enrollment, where the plan sponsor chooses a “default investment” for employees’ contributions. These default…

Let’s Talk – Seriously – About Retirement

planning remains, is a sobering fact. Thus, we are introducing and promoting the hashtag #talkaboutretirement, designed to help spur dialogue among family members, business associates and friends, in addition to industry professionals. We hope that #talkaboutretirement will indeed become a trending topic – one that…

Managing Money Market Reform

…each account in the fund has a person’s name attached to it. However, institutional money market funds, those designated for defined benefit and similar plans, must transact at a floating NAV, meaning the funds’ net asset value can be above or below $1.00. Both retail…

How Trump’s Win Could Affect the National Retirement System

…tax reform, which means “flattening the rates and broadening the base.” Translation: deductions for retirement savings may be under attack. New comparability and cash balance designs for small business may go away. Deferral contributions may be forced to be Roth contributions and not deductible. This…

Why Non-Profits Should Embrace the 403(b) MEP

…only be sponsored by a 501(c)(3)-designated organization, in either a lead sponsor or co-sponsorship arrangement with another 501(c)(3) group. (Plan sponsors in the 403(b) space are primarily hospitals, nonprofit organizations, colleges and school districts.) The sponsor’s only responsibility is to appoint fiduciaries to run the…

Monetizing The SECURE Act

…guidance on how to best evaluate these programs and optimally align programs with opportunities. Learn more about the pros and cons of each type of design and how to best meet the needs of the enterprise recordkeeping partner to the investment manager and individual advisor….

Feeling More SECURE About Retirement

…seen since the Pension Protection Act of 2006, when Congress made it easier for employers to enroll workers automatically in 401(k)-type plans. One of the key provisions of the SECURE Act is designed to help those working at small businesses to save for retirement in…

Tools

Tools Our many retirement planning tools and calculators are designed to take you through the different stages of retirement planning. Get started building your financial future today! 2022 401(k) Day Materials – Know Your Numbers 2021 401(k) Day Materials – REFOCUS REVIVE RESET 2020 401(k)…

3(16) Administration—Make the Path Simple

…other parties, including the company’s own administrators and other TPAs – is designed to illustrate some of the problems our clients and prospective clients have experienced, and how Pentegra was able to solve them. 5500 Foibles We’ve all been guilty of blindly signing/agreeing to terms…