Fiduciary Investment Advisers Add More Than 6% In Value
Difference in returns is huge for investors working with a fiduciary.
What The SEC’s Proposed Best Interest Rule Means For Plan Sponsors
Anyone who hoped the Securities and Exchange Commission (SEC) might do the right thing and issue a uniform fiduciary standard holding brokers, bankers, insurance company advisors, and investment advisers working for Registered Investment Advisers (RIAs) to the same...
8 Tough Questions To Ask Your 401k Investment Advisor
Are you working with the right 401k investment adviser? Do you want to find out? Ask your adviser the following eight questions and then see how the answers compare with the generally desired responses outlined below.
401k Best Practices: Decision-Making And Documentation
Are you following a prudent decision-making process in your 401k plan? Do you always put the interests of plan participants first when considering plan issues? After more than 30 years of working on the 401k plans of companies as large as Apple and as small as a new...
401k Best Practices: Fees
Making sure you are paying reasonable 401k fees for your plan is one of your major fiduciary responsibilities as a plan sponsor — especially if you are using plan assets to pay 401k fees. The Department of Labor (DoL) does not mandate that you pay the lowest...
Review Your 401k Providers Regularly — Here’s How
Provider reviews are important. As part of your fiduciary compliance responsibilities as a plan sponsor, you should regularly conduct provider reviews for all the providers that work with your 401k plan. The Department of Labor (DoL) suggests plan sponsors conduct...
Begin Working On 2018 401k Plan Changes Now
If you intend to review your 401k plan fees and/or providers this year, now is the time to get started. Most plan sponsors who decide to make 401k plan changes like to have those new features in place by January 1 of the new plan year. Following are a few things to...
Your 401k Plan’s IPS Should Include These Items
Does your 401k plan have an updated investment policy statement (IPS)? Although you aren’t required by law to have one, the investment policy statement is one of the primary documents the Internal Revenue Service (IRS) and Department of Labor (DoL) request...
Should 401k Plans Offer Only Index Funds?
A number of retirement plan experts believe that 401k plan participants should only be allowed to invest in index funds. They say the additional cost that participants pay for actively managed mutual funds is not justified by better performance. Some 401k plan...