401k
3 Ways Pooled Plans Free Up 401k Plan Sponsors’ Time
Not only do pooled plans reduced the administrative burden, but they can also reduce the fiduciary liability for 401k plan sponsors. If you’re not constantly looking over your shoulder, you can spend more time with your nose to the grindstone.
5 Reasons Bigger 401k Plans Are Better
Some costs can’t be negotiated. These relatively fixed costs are the same no matter the size of the plan. Bigger plans can absorb these costs over a larger asset base, meaning the per participant cost is lower.
The Fiduciary How (And Why) 401k Plan Sponsors Change Recordkeepers
The central role of the recordkeeper can create reverberations with other providers should the plan sponsor attempt to change recordkeepers. Any hiccup in the employees’ ability to manage their retirement assets can cause problems for plan sponsors.
Is Proposed Bill Easing 401k Participation Of Workers Under Age 21 Focusing On The Wrong Thing?
Any focus on younger employees in terms of saving for retirement may all be for naught. For these often lower-paid workers, the higher contribution caps for 401k plans may not any practical benefit.
What Should 401k Plan Sponsors Do Now That The Fiduciary Rule Has Been Stayed?
The relative quickness of this one-two shot from the District Courts suggests an obvious flaw in the new Rule.
‘Fiduciary’ Is The Best Practice 401k Plan Sponsors Can No Longer Ignore
It’s too easy for plan sponsors to get lost in the weeds when dealing with plan minutia. Yes, “the buck stops here” reality can overwhelm many. Delegation is the key. It’s also the Achilles Heel. This is where the magic word emerges.
Exclusive Interview: Jerry Schlichter Says 401k Plan Sponsors Should ‘Peel The Onion’ On Fees
“Industry participants also argue that the rule transforms one-off transactions into fiduciary relationships in violation of the common law, but the common law of the states is divided on this, and there is a need for a federal standard regulating investment advice fiduciaries.”
5 Tips For 401k Plan Sponsors To Improve Retirement Saving Outcomes For Employees
Plan sponsors ought naturally to know how the plan addresses the needs of their business, but do they really know how to tweak the plan to improve outcomes?
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