Top of Mind


Showing entries with the topic “Plan Design”.

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12

Oct 2017

Top of Mind: Trends that Matter

In our most recent edition of Trends that Matter, we discussed fee litigation and fee levelization as two of the hot issues for retirement plan sponsors.  While those trends remain current, others have emerged that should be Top of Mind for plan sponsors: There has been a marked shift aw…

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21

Sep 2017

Collective Investment Trusts (CITs) and 403(b) Plans: An Update

Recently, we wrote a Top of Mind post about how the University of California (Cal) took the bold step of adding CITs to its 403(b) plans.  For decades, CITs have been the sole domain of annuities and mutual fund products.  As we noted, while it’s been known that CITs are a permissible inve…

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14

Sep 2017

Three Loan Errors that Might Be Occurring in Your Retirement Plan Right Now

Loans are among the most complex transactions to administer for defined contribution retirement plan recordkeepers and plan sponsors, second only to the bizarre 15-year catch-up election for 403(b) plans, which, as readers of this blog know, I hate. Now I don’t hate loans, but retirement plan spo…

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26

Jul 2017

Catching Up with OregonSaves

Back in March, I wrote about OregonSaves, the first state-run auto-IRA program in the nation, which at the time was scheduled to be rolled out in pilot form on July 1, 2017. The pilot program was implemented right on schedule, and Jeff Snyder recently caught up with Lisa Massena, Executive Direct…

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20

Jul 2017

Back to Basics: Moving Your Retirement Plan Money

Welcome back to Back to Basics!  In this edition, we will define some basic terms associated with moving funds into/out of/within a retirement plan.   Distribution — Also known as a withdrawal, this is the primary method for receiving retirement plan assets as taxable income. &nbs…

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15

Jun 2017

Alternate Fee Calculation/Allocation Models

By now, most retirement plan sponsors have an understanding of the two primary methods used by recordkeepers  to charge fees to plans and participants: As a percentage of plan assets - Typically expressed in hundredths of a percent, or basis points (e.g., ten basis points = one-tenth of one …

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08

Jun 2017

Learning from PLANSONSOR's Plan Sponsor of the Year Finalists

Two of our clients, the University of Massachusetts and the Oklahoma State University and A&M System, were selected by PLANSPONSOR as 2017 Plan Sponsor of the Year finalists.  My colleague, Jeff Snyder, had the opportunity to discuss the initiatives that made them worthy of recognitio…

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30

Mar 2017

The Skinny on State-Run Auto-IRAs

My colleague, Jeff Snyder, recently interviewed Lisa Massena, Executive Director of the Oregon Retirement Savings Plan. As you may be aware, Oregon is the first state in the nation to roll out a state-run auto-IRA program. The first employers will adopt the program this July, in pilot form.  …

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16

Mar 2017

Your Retirement Plan has HOW MANY Investments?

While many things have changed in my 25 years at Cammack Retirement, some things have remained the same.  One of those is the tendency for retirement plan sponsors to offer too many investment options to their participants. It is not unusual to come across plans with tens, or even hundreds, of …

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01

Feb 2017

From the Archives: A Retirement Recordkeeper Consolidation Revisited

This edition of From the Archives is an oldie, but a goodie! Over ten years ago, I wrote an article for the Journal of Retirement Planning regarding an amazingly successful recordkeeper consolidation at one of our clients, South Jersey Healthcare.  Much has changed since the article was writ…

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