It’s critical that plan sponsors consult with compliance professionals before adding the Deemed IRA feature.
Tag "Jack Towarnicky"
The story arc of the 401k mimics that of software. Each release adds to and builds on features and benefits over and above those of previous releases.
Before you get all excited and look to replace your home equity loan with a 401k loan, you should consider these things.
Common mistakes. Non-believing 401k plan sponsors. How many of these have you seen? What have you done to address the dilemma of what to do when the client isn’t always right?
But this rookie mistake doesn’t bypass veteran plan sponsors. If they’ve grown too complacent with their plan, they may wake up one day to find out they’ve got a dinosaur on their hands.
What’s the Goal? Last I heard it was preparation for retirement via tax preferred savings … but, looking around at what is typical industry practice, perhaps I have it all wrong.
Long industry veteran tells it like it is. How will his comments change your thoughts on these important subjects?
Most 401k investment menus retain the “style box” mentality of the 1990s. Who doesn’t have a kitchen from the 1990s that they don’t want to remodel? Your 401k investment menu is no different.
ESG isn’t going away. There’s no way of telling if it’s a mood ring or a diamond ring. One thing is eminently clear: ESG is a product that people want right now. This complicates life for the retirement plan fiduciary.
Congress may be zagging when common sense says it should be zigging. Or maybe not.
