Top of Mind

Showing entries with the topic “Fiduciary 101”.

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Apr 2018

Three Things to Think About Besides Retirement Plan Investments

Plan sponsors often have an unhealthy obsession with assembling the ideal array of plan investments. However, investment array selection, as well as the inherent agonizing over which funds to put on watch, which to replace, etc., should be relatively low on a plan sponsor’s list of priorities. Wh…

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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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Aug 2017

Trends that Matter

In our most recent issue of Trends that Matter, participant engagement and fiduciary responsibility were the hot issues for retirement plan sponsors.  While those trends remain current, others have emerged that should be top of mind with plan sponsors.  The nonprofit sector is reacting …

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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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Apr 2017

Top of Mind: Trends that Matter

In our most recent edition of Trends that Matter, fixed-dollar recordkeeping fees and ESG investing were the hot issues among retirement plan sponsors.  While those trends remain current, others have emerged that should be top of mind with plan sponsors: An increasing number of plan sponsors…

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Apr 2017

Fiduciary vs. Investment Manager: What’s the Difference?

In an environment of increased fiduciary litigation, advisors and other service providers have ramped up their marketing efforts to provide risk management services to plan sponsors. Such efforts have resulted in plan sponsor confusion as to the type of services that are being offered, as well as th…

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Mar 2017

Back to Basics: Investment Terminology, Part 2

Welcome back to Back to Basics! The inaugural edition of Back to Basics featured an explanation of some important retirement plan investment terms. However, there were too many terms for one Top of Mind, so we continue this week with part two: Target Date Fund (TDF) — Also known as a l…

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Oct 2016

My 5500s Are Complete - Now What?

If you are an ERISA plan sponsor, you most likely just completed the annual 5500 filing process, which, for many of you, is the retirement plan equivalent of going to the dentist.  Now, at this juncture, I know that probably the LAST thing on your mind is next year’s 5500 filing(s), but I wante…

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Feb 2016

Why Should I Care About Retirement Plan Compliance, Anyway?

A frequently asked question I receive from individuals working with retirement plans is, “This compliance stuff sounds great and all, but is there really any risk? After all, how likely is the plan to be audited?” Along with this question, I usually receive the related question, “If there is little …

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