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 […]
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 […]
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. […]
Having a 401(k) is a necessity and FiduciaryShield is here to make it simple for you. Below are three of the many services we can handle for you. Business owners need to know the laws and regulations surrounding their business. Having employees creates another set of regulations to know and follow. Providing a retirement plan […]
Mutual fund “clean shares” offer true fee transparency for 401(k) plans, but understanding the terminology is critical. Here’s what advisors and plan sponsors need to know.
2018 is upon us. It’s the time for New Year’s resolutions, new gym memberships, and the desire to start the year with a clean slate. For 401(k) plan sponsors, this can mean cleaning up those small outstanding items that have lingered throughout 2017. Here’s a checklist of items to help you get started.
Many individuals and families are feeling the personal and financial impacts of hurricanes Harvey and Irma. In an effort to provide some relief, the IRS recently announced a ruling that will allow taxpayers in affected areas to access their 401(k) assets for hardships caused by hurricane damage.