Top of Mind


Showing entries from 2018.

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12

Jul 2018

Don’t Hire an Investment Advisor!

Did the headline catch your attention? I know it sounds bizarre, given that our firm provides, well, investment advisory services - but hear me out.  The majority of Requests for Proposal (RFPs) that we receive are for investment advisers or investment consultants.  However, the plan spons…

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28

Jun 2018

The Differences Between 403(b) and 401(k) Pricing

While there are some exceptions, particularly among the very largest of retirement plans, the recordkeeping fees for 401(k) plans are generally less expensive than those for 403(b) plans of the same asset size. Why is this you might ask?  The answer is that 403(b) plans are fundamentally dif…

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21

Jun 2018

Fiduciary Best Practices for Public University Retirement Plans

Last week, I had the pleasure of attending a webinar hosted by my colleagues, Joey Payne and Jeff Levy of Cammack Retirement Group, and Eric Paley of Nixon Peabody. The webinar examined best practices for public university retirement plan fiduciaries in the current litigation and regulatory environm…

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14

Jun 2018

Retirement Jargon Confusion

As many of you are aware, there is a lot of retirement plan industry and legal jargon that is confusing not only to plan participants, but also to plan sponsors and those who work with them.  In fact, one of the goals for Top of Mind and our Twitter feed is to make retirement plans mo…

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07

Jun 2018

Takeaways from the “A Time for You” Redbook and MFS Event

Last week, I had the pleasure of watching my colleague Emily Wrightson participate in the Redbook/MFS “A Time for You” event.  And what a treat it was, hearing four women —three of whom work in the financial services industry, as well as the editorial director of Redbook magazine — …

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31

May 2018

Lessons Learned from Litigators

Last week, I had the pleasure of moderating a panel discussion at the Retirement Advisor Council Annual Meeting with two attorneys who have - and are - litigating some of the highest profile retirement plan lawsuits to date, Kai Richter of Nichols Kaster, on the plaintiffs’ side, and Brian Ortelere …

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24

May 2018

The Dirty Little Secret of Auto-Enrollment?

Generally, automatic enrollment has been a positive development for retirement plans, as it forces individuals who may not ordinarily save to do so at an important time - the commencement of their working careers. However, auto-enrollment is not a panacea. For example, it has negatively im…

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17

May 2018

Retirement Plan Account Balances: Big and Small

Advisors have a variety of tools at their disposal to determine the overall health of a plan sponsor’s retirement plan. However, there is a time-tested exercise that only takes about a minute to complete: review the current account balances of all the participants in the retirement plan and complete…

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03

May 2018

The 4% Withdrawal Rate: Is it Still the Rule of Thumb?

As baby boomers continue to age and more and more retirement plan participants approach retirement, plan sponsors need to move distribution planning from an afterthought to “Top of Mind” (yes, I know - don’t quit my day job!). It used to be a given that distribution planning for retirement was fa…

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