Tag: Fiduciary

ATTENTION FINANCIAL ADVISORS: It’s Time To Get Your 401(k) Vaccination

As a financial advisor looking to add 401(k) services, you should know how important it is to be proactive about ERISA. Looking down the road for potential pitfalls and addressing them before they can happen makes you far less likely to have plan errors. It’s also affords you and your client, the plan sponsor, a […]

Are you getting what you pay for?

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 […]

Your Payroll Provider and 401(k) Provider Should NOT Be The Same!

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 […]

Small Business 401(k)’s are Now Accessible

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 […]