SECURE and CARES Acts | Understand how these laws affect your RMD and Retirement Accounts!

For 2020, the rules governing required minimum distributions (“RMDs”) from retirement plans and early withdrawals of retirement plan funds have changed.    Please take time to read this summary of important changes especially if they apply to you or someone in your family. On January 1, 2020, the following changes became effective under the SECURE Act.…

Name Your 401k Plan Fiduciary?

Your 401k plan’s investment fiduciary is an important member of your retirement plan team.   A paid professional, an investment fiduciary provides conflict-free investment recommendations to your plan’s sponsor or trustee. So, can you name your plan’s fiduciary? In fact, you may have more than one. Whether or not you can identify the persons or institutions…

Plan Design Best Practices – Pt. 2

Thanks for joining us for this exciting follow up! OK, not so exciting. But important and useful, especially during Q4 when many of you are reviewing your current plan and evaluating its performance. Let’s jump right in. Re-enrollment Re-enrollment is helpful because it refreshes employees’ investments and brings to topic back up, something most have…

QDIAs – Why all the fuss?

QDIAs  =  investment choice simplification +  employer peace of mind.     Rarely do employees have the wherewithal to direct their own retirement plan investments and most often they leave it up to their employer to determine the best choices.  As a fiduciary for plan participants, employers have potential liability for the investment choices they offer to…