Guy Baker
5 401k Participant Savings Strategies That Are More Effective Than Projected Income Disclosure
All these strategies can be employed today and have proven themselves effective. It’s unclear that disclosing projected retirement income will provide the kind of incentive that will work.
This Is How We Rescued Retirement Savings From The 401k Frankenstein Created By An Infatuation With The ‘Style Box’
The proliferation of investment options promised participants a plug-and-play plan. In the process, it created a 401k Frankenstein monster of a mess.
Here’s How The 401k Fiduciary Dispels The “This Is Retirement?” Corona-Quarantine Fear
Many see the quarantine as a test run for retirement. There are those who view this “test run” and say they never want to retire. How do you dissuade them of this notion that they’re practicing retirement right now?
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.
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.
To MEP Or Not To MEP? That is the SECURE 401k Question
It’s important to remember that the 401k MEP is just a vehicle. Whether they truly meet the objective of employees saving more for retirement and doing so effectively and efficiently comes down to execution.
Fiduciary Lessons from Ken Fisher Fallout
Therein lies the conundrum. In the current environment, it may be far easier to overlook the failure to meet benchmarks with adequate consistency than it is to ignore the du jour ad hoc definition of woke.
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