Top of Mind


Showing entries with the topic “Plan Design”.

Show all >


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

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

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

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more