Here’s quick read with a surprise reveal. Can you find it?
Plan Sponsors
Thereâs always something new under the sun, and that means thereâs always educational topics 401k plan sponsors should be asking about but arenât. Hopefully, this list will inspire more curiosity and lead to better informed employees.
The One Topic Every 401k Plan Sponsor Must Know Right Now: Fiduciary Education Curriculum (Part III)
Most 401k plan sponsors will readily admit they are not experts when it comes to retirement plans. They understand they have a role in the process. They understand that role carries with it certain fiduciary obligations. They understand (and accept) that role also exposes them to liabilities. This article shows how prudent delegation can mitigate much of that fiduciary liability.
The Meat and Potatoes Topics of 401k Plan Sponsor Training: Fiduciary Education Curriculum (Part II)
If we liken the â5 Critical Topicsâ to the skeleton and sinew of a plan sponsorâs fiduciary obligation, the âmeat and potatoesâ topics can be described as its soft underbelly. It is within the routines of these topics that plan sponsors live most dangerously. What are these next two topics and why is it important plan sponsors to dig deep into them rather than simply âread the headlinesâ?
These are fundamental in nature. They are necessary prerequisites for 401k plan sponsors to fully inculcate themselves with more complex topics.
With the final dust comfortably settling on this yearâs tax season, we can know begin to put together the pieces of this new reality that may have plan sponsors and their service providers rethinking their long-held strategies.
Thereâs no question 401k plan sponsors know they need to up their game when it comes to employee education programs. According to one study, 80% of education programs on 401k offerings for employees are ineffective. Plan sponsors today seek solutions to better engage employees.
The Tax Cuts and Jobs Act preserved the sanctity of the treasured retirement contribution deduction – it even made it more important – but it also did a few things that might surprise some business owners.
A good fiduciary needs to see through the hype and base decisions solely on matters of import. This isnât as easy as it sounds. For one thing, hype, like humor, works because itâs based on truth. This mantle of credibility is just enough to lead the fiduciary astray.
Itâs safer to assume you donât know everything â and hereâs a list that begins to define that everything.
