Why are there two kinds of Target Date Funds and why does that doom this particular group of people saving for retirement in their company’s 401k plan?
Tag "fiduciary"
Plan sponsors can benefit from motivated employees, and the 401k plan is a tool to achieve this motivation. What precisely can plan sponsors offer in addition to the usual company match to make their 401k plan more enticing, more attractive, more motivating?
Perhaps 401k plan sponsors should also focus plan participantsâ attention on these 5 overlooked factors the can thwart their ability to attain the freedom of financial independence.
Despite this, 401k plan sponsors can better protect their employees, even when it comes to personal data, because that data is only acquired within the context of the service providerâs relationship to the plan.
When is a “problem” not really a problem? And what can be better than success, even if no one knows about it.
You can squeeze a tube of toothpaste all you want, but that doesnât change how much toothpaste it holds. Are we experiencing the same thing with 401k fees, or are they really dropping as much as we think? And, if they are dropping, are they dropping for the right reasons?
Once a person enters retirement, the number of scenarios proliferate. Unless the plan sponsor is a financial professional, itâs going to be a challenge to quickly comprehend all these options.
While some may consider this heresy, the best option for a fiduciary managing a portfolio is to include a consistent percentage of assets outside the equity markets and in assets that preserve capital.
Familiarity may breed contempt, but it also makes you sloppy. Do you know plan sponsors that have forgotten they need to address these matters?
Exclusive Interview: Larry Starr Explains âGalactically Stupid,â 3% Math, and More!
Interested to know why small plans are different? What the dumbest retirement idea in the past 10 years was? What the most successful concept was? Read all about it in this article.