Top of Mind


19

Apr 2018

Three Things to Think About Besides Retirement Plan Investments

Plan sponsors often have an unhealthy obsession with assembling the ideal array of plan investments. However, investment array selection, as well as the inherent agonizing over which funds to put on watch, which to replace, etc., should be relatively low on a plan sponsor’s list of priorities. Wh…

Read more

12

Apr 2018

Fee Leveling, Simplified

In last week’s Top of Mind, we attempted to simplify the concept of revenue sharing in retirement plans. This week, I will attempt to build upon that by demystifying the even more elusive practice known as fee leveling.  What is fee leveling?  Last week, we explained how different …

Read more

05

Apr 2018

Revenue Sharing, Simplified

As I was preparing once again to speak about revenue sharing, I encountered my recurring fear that almost everyone was going to completely lost. Because, let’s face it, revenue sharing is NOT an easy concept to understand, and one about which most people do not care to learn!   However,…

Read more

29

Mar 2018

The Parallel Universes of 403(b) Plans

In the famous (at least to me) original Star Trek episode Mirror, Mirror, Captain Kirk and his crew are accidentally transported to a parallel universe where everyone is evil instead of good, and they are expected to be the same. A recent post by Choose FI regarding 403(b) plans made me thin…

Read more

22

Mar 2018

Find Those Participants!

Does your plan have any participants who are missing?  I can nearly guarantee that it does, as I have never come across a plan where at least one participant’s mail has been returned as undeliverable.  In large plans, there are sometimes hundreds, or even thousands, of these missing indivi…

Read more

15

Mar 2018

Items that Should be Banned from Employee Communications

Indulge me for a moment (because frankly, I could use a moment of escape, since as I write this, the power at my residence has been out for nearly six days!).  Let’s imagine that I am the “King of Employee Communications.”  As such, I therefore decree throughout the land that from now and …

Read more

08

Mar 2018

“Hell’s Kitchen” Plan Document Mistakes

My latest binge-watch is Hell's Kitchen, a reality show in which super-chef hopefuls are put through a cooking boot camp of sorts, with well-know chef (and yeller) Gordon Ramsay as their drill instructor.  And yes, I am fully aware that retirement plan expertise does not necessarily translate i…

Read more

01

Mar 2018

Retirement and “Doing What You Want to Do”

Two weeks ago, I profiled a rather brilliant article by Physician on FIRE, a popular blogger in the FIRE (Financial Independence Retire Early) movement.  As you may recall, he examined the reasons why some physicians continue to work after they have achieved financial independence and could com…

Read more

22

Feb 2018

Budget Bill Retirement Plan Provisions Mailbag

After releasing last week’s Compliance Alert on the retirement plan-related provisions included in the recently enacted budget bill, I received a number of questions from people whom, I suspect, were taken aback that there were even retirement plan changes to address, since tax reform came and …

Read more

15

Feb 2018

Why Some People Don’t Retire (Even if They Can Afford to Do So)

Physician on FIRE, a popular blogger in the FIRE (Financial Independence Retire Early) movement, wrote an article recently that caught my attention.  In the piece, he examined the reasons why physicians continue to work after the age at which they could retire comfortably.  While the artic…

Read more