Basic Members
Exclusive Interview: Pete Swisher Explains Why Companies Don’t Care About MEPs (or PEPs or Even 401k Plans)
He also reveals the greatest misconception regarding MEPs, what the SECURE Act really did, and when we might begin to see the mass media start paying attention.
Where Can A Plan Participant Find the 401k Plan’s Investment Policy Statement?
Since the plan sponsor tends to rely on third party service providers (usually the recordkeeper) to maintain and operate these web-based gateways, this should be a significant factor when deciding which vendor to select.
When Do 401k Plan Sponsors Usually Adopt an Investment Policy Statement?
The Investment Policy Statement is a legal plan document. It needs to be treated accordingly. This means to deliberate it with diligence before adopting it. Even when it is adopted, it must be regularly inspected and revised as needed.
Who Is Generally Responsible For Designing, Detailing, And Approving The 401k IPS?
There are many different types of plans, particularly when plan sponsors pick a 3(21) or 3(38) adviser. Which service provider arrangement a plan sponsor chooses impacts how the IPS will be constructed – and how the relevant parties contribute to that draft.
Exclusive Interview: Ary Rosenbaum Says, Despite SECURE ACT, Some 401k MEPs Challenges Remain
“As far as adopting employers, I would recommend an ERISA attorney because an MEP isn’t the right fit and fiduciary solution for every plan sponsor.”
5 Critical Elements Every 401k IPS Must Contain to Achieve Its Primary Purpose
Including these will make 401k plans safer for plan sponsors and more successful for plan participants.
What is the Primary Purpose of a 401k IPS?
Unlike a generic vendor agreement, the IPS is a formal plan policy document that defines the parameters between the plan and relevant vendors. This is why it can also be a terrible trap.
The Decade’s Top 5 All-Time Most Popular 401k Plan Sponsor and Fiduciary “Must-Read” Articles
Distilling a million separate page-views down to a handful of articles is a very difficult process. We trust you’ve found the worth of these articles and, over the years past and the years to come.
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