(#12 of 12 Good Ideas): If you are a plan fiduciary you are personally liable for your duty. Annual plan reviews help protect you by documenting a prudent process.
Read More(#11 of 12 Good Ideas): Say what? Yes, believe it or not behavior based methods of increasing organ donation are relevant to participant enrollment and savings.
Read More(#10 of 12 Good Ideas): All target date funds of the same date have the same asset allocation strategy and risks, right? Wrong. And the differences are consequential.
Read More(#9 of 12 Good Ideas): Does your plan include index funds? Just as importantly, has your advisor counseled your participants on their potential advantages?
Read More(#8 of 12 Good Ideas): Your employees may be saving less than necessary to retire succesfully. But you can help them change their behavior.
Read More(#7 of 12 Good Ideas): Plan restatements address changing regulations. But what about changing goals— do you still have the right plan design?
Read More(#6 of 12 Good Ideas): Some of your participants could be paying more than others for their retirement plan. Does that sound fair to you?
Read More(#5 of 12 Good Ideas): The goal of your plan is to get as many employees as possible across the finish line with enough assets to securely retire. Right?
Read More(#4 of 12 Good Ideas): Employers can wonder why they have a plan if it goes unappreciated, gets difficult to administer, or fails nondiscrimination testing.
Read More(#3 of 12 Good Ideas): Few things frustrate owners and execs more than being unable to contribute the maximum amount to their plan, or paying tax on refunds.
Read More(#2 of 12 Good Ideas): Plan fiduciary liability is mounting with increasing DOL audits and litigation related to fee disclosures. 100% compliance is crucial.
Read More(#1 of 12 Good Ideas): Plans that cost too much burden you and hurt your employees over the long run. Most of the time employees pay fees out of their accounts.
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