401 (k) News
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 […]
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 […]
When you think of your life goals, retirement should be high on your list… and it shouldn’t be a scary thought. Comfortable retirement can be achieved it just takes a little planning and FiduciaryShield is here to help you do just that. As a business owner, how much time do you really have to read […]
Convenience shouldn’t be the reason why a 401(k) plan is administered by your payroll provider. Some payroll companies have created 401(k) departments as a way to increase revenue. However, it’s never a good idea for the plan sponsor to combine these services. Why? Hidden costs, lack of flexibility, and compliance. There are some great payroll […]
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 […]
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 […]
Plan Sponsors have very important duties, and it centers around ALWAYS putting the best interest of participants and beneficiaries first. There are three important duties a Plan Sponsor should follow: first avoid any potential, existing, or perceived conflicts of interest, second showing a documented process as to why the service providers were chosen and third […]
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 […]
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. […]
Dear Advisor, At FiduciaryShield, we simplify the 401k process and take responsibility for the items you’re legally required to send out like Enrollment Kits, Automatic Contribution Notices, Summary Annual Reports, and more. Our team designs a custom retirement plan focused on your unique needs. We save you TIME: You won’t have to field the questions. […]