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AuthorEleni Sokos
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Retirement plans such as 401(k) plans have costs associated to run and maintain, but are you getting everything you need? The old saying, “You get what you pay for” applies when paying for your services. The Plan Sponsor and committee have a responsibility to understand what these fees are and to benchmark them periodically. Sounds […]
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AuthorEleni Sokos
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What most people don’t realize is that small businesses are the backbone of the economy. Amazon didn’t grow to a $130 billion company overnight. Each and every business starts small. Small businesses take risks and invest their time, capital, love, sweat, and maybe a tear or two into their company. Small businesses have a passion […]
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AuthorEleni Sokos
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Companies both Large and small usually offer 401(k) plans as an added benefit for their employees. Benefits like these are a great way to not only attract top talent but retain them as well. Many small business owners who are mapping out their future and planning for retirement participate in this plan. This allows them […]
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AuthorEleni Sokos
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If anything is ever remembered for 401(k) plans, it is that any decision ever made must be for the benefit of the participant. This is very important because this is what drives the success of the plan, as well as reduces the risk for the plan sponsor. A company 401(k) plan is great! It’s a […]
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AuthorEleni Sokos
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A solid retirement plan is THE most valuable employee benefit available. It’s to help take care of your most valuable asset – your employees. Offering a 401(k) shouldn’t be a liability and time-consuming burden. Earlier this month, the House Committee unanimously approved a new retirement bill. This bill will make it easier for small businesses […]
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AuthorEleni Sokos
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As a 401(k) plan sponsor, you must be proactive while maintaining benefits for you and your employees. Why? When you are proactive in dealing with a plan, you are less likely to have plan errors and threats of litigations. Think of it as getting a vaccination. By being proactive, you are protecting yourself from failure. […]
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AuthorEleni Sokos
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We’re a month into the New Year…it’s time to bring your “save money” resolutions to the next step and FiduciaryShield is here to help! We simplify the 401k process and save you money with no catch! Your best assets are yourself and your employees. We are motivated by a belief to take care of both. […]
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AuthorEleni Sokos
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FiduciaryShield was built from the ground up to fix the broken and outdated 401(k) model. Our team will first collaborate with you on designing a plan best suited for your client, and then provide ongoing administration and compliance support. Too often, investment options are confusing and inappropriate. Plans have unexpected and costly fees,and plan administration […]
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AuthorBeth Deyo
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Do you know who the fiduciaries are on your 401(k) plan and what they’re responsible for? If you’re a business owner sponsoring a company retirement plan, the answer to this question had better be yes. That’s because you’re ultimately liable for ensuring that all aspects of your plan are administered appropriately.
Here’s a look at three primary service providers that you might have on your plan, and the role each should be expected to play.
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AuthorBeth Deyo
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Seven major issues are currently plaguing 401(k) plan sponsors. Here’s what the major plan sponsor concerns are and why you should be concerned, too.