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Showing entries with the topic “Plan Design”.

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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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30

Nov 2017

Proprietary Funds: The New Lightning Rod for 403(b) Plans?

In the world of 403(b), variable annuities have been a lightning rod for criticism by anyone paying attention.  And, for good reason, with the caveat that there are some variable annuities offered by low-cost providers that shouldn’t be lumped in with the rest. However, in the large 403(b) p…

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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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