Top of Mind


Showing our Public Plan Perspectives article library.

Showing entries with the topic “Plan Design”.

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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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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 …

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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…

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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…

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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…

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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 …

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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…

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08

Feb 2018

Don’t Make These “Rookie Mistakes” When Calculating Service!

Calculating years of service in a retirement plan can be a difficult proposition, not only because the rules are tricky, but also because plan sponsors have options under the rules; therefore, what may be true for one plan is false for another.  While I will save a review of all the rules for a…

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01

Feb 2018

Benchmarking: It Isn’t Just for Fees Anymore

When I first started at Cammack Retirement more than 25 years ago, benchmarking in retirement plans primarily consisted of little more than measuring the performance of plan investments against indexes and peers.  More recently, and as a result of the DOL’s emphasis, benchmarking of fees versus…

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