Category: 401k advice

Why are fees so important? Every day, I talk to employers who are 401(k) plan sponsors about fees. And the number one question I ask everyone is, “Do you know what ‘just .5%’ means to your employees?” The answer I get most of the time is that .5% is “minimal”. But in reality, .5% can… Read more »

Do not take this lying down If you are the plan sponsor for your company’s 401(k) plan, you have a fiduciary obligation to monitor the plan. To provide protection for individuals in 401(k) plans, Congress established minimum standards for most voluntarily established retirement and health plans in private industry with the Employee Retirement Income Security Act… Read more »

Secrets of 401(k) Success: Investment Advisor The investment advisor is one of the key factors in the success of any 401(k) plan. The advisor should work with you in developing investment options for your employee participants. Ideally, these options should be the lowest share class and benchmarked against their peer groups. The advisor should also… Read more »

Secrets of 401(k) Success: Performance A successful 401(k) plan can help you and your employees save for a financially secure retirement. But the success of your plan depends heavily on the performance of the funds in your plan. On your journey to a financially secure retirement, think of your company’s 401(k) plan as the vehicle… Read more »

Secrets of 401(k) Success: Affordability and minimizing costs By establishing a 401(k) plan at your business, you give your employees a way to save toward a secure financial future. Plus, you add a valuable employee benefit that will help you attract and keep the brightest and best employees. It’s a win-win. But not all 401(k)… Read more »