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If you are involved in the administration of your company’s 401k, this blog is for you. We want to give you insight, trends, and a little humor. We hope you use the information to help you as you run your company’s retirement plan. Keep checking in.

Wednesday, September 22, 2021

When you change jobs, it’s critical to remember to create a plan for past employee-sponsored retirement accounts. Here are a few things to consider when deciding what to do with numerous retirement accounts: IRA Job changes open...

Wednesday, September 15, 2021

Are There Roth Options for High-Income Earners? I see a lot of articles and videos about the benefits of Roth IRAs. They have become popular in recent years. Due to the promotion of these types of accounts, many people understand the...

Tuesday, September 7, 2021

Summary Plan Description (SPD) The Summary Plan Description (SPD) highlights the main points of your company retirement plan to inform plan participants. It goes into depth on various topics, including vesting, the plan match, and...

Wednesday, September 1, 2021

An Overview There are various documents and disclosures that companies must provide participants of 401(k) plans. Sometimes, the information given to participants can be slightly overwhelming, but there is essential information they...

Wednesday, June 23, 2021

Why Plans Use Target-Date Funds? If you're involved in managing your company's 401k plan, you've probably heard of or may even be using target-date funds. They're very popular and very common to have in a 401k plan. There are a couple...

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Wednesday, June 16, 2021

Don't Get Ahead of Yourself I am very passionate about setting goals. That's one reason I'm in this industry; I feel like I can have a more significant influence for helping people pursue, look for, and guide them towards their goals. I .

Wednesday, June 9, 2021

Are You Overpaying for Your 401(k) Plan? Let's talk about benchmarking. You're involved in your company's 401(k) management, and you want to know if you're overpaying for the services you're getting. How do you do that? You benchmark....

Wednesday, June 2, 2021

Let's talk about financial professionals. To do this, let's talk about an example of going to the doctor. You go to the doctor, and one of a couple of things might happen. The doctor might say, "This is super easy and routine. Take...

Wednesday, May 26, 2021

Let's talk about three of the most common employer-sponsored retirement plan strategies for small businesses. The first is a SIMPLE IRA. Just like the name implies, it's super simple to set up, it's simple to run, and it's relatively...

Friday, May 14, 2021

I love entrepreneurship. I love that someone can know how to do things differently, do things better, and be more cost-effective and bring it to the market. It can benefit society as a whole. But, you don't see many entrepreneurs that...

Tuesday, May 4, 2021

Why Consider a Safe Harbor Plan? Is your 401(k) plan a safe harbor plan or not? There are pros and cons of having a safe harbor plan. One of the most significant benefits of safe harbor plans is automatically passing some compliance...

Sunday, April 25, 2021

Lessons From LunchA few years ago we developed a problem in our office. We developed a habit of eating out at a Chinese restaurant weekly. We would each order egg drop soup, a bento box of Pon Pon Chicken, and an egg roll. This ritual...

Sunday, April 18, 2021

What Is a SEP IRA?A Simplified Employee Pension (SEP) IRA is a strategy that allows a small business to contribute the lesser of 25% or the annual SEP contribution limit for the year ($58,000 for 2021) into a retirement account. Unlike...

Sunday, April 11, 2021

Is It Time To Set That Goal?Have you been to the gym in January? It's always packed. But, if you give it a few weeks, the gym is generally just as empty as it was in December. Why is that? In our society, goals, accomplishments, and...

Sunday, April 4, 2021

Fear of the UnknownWhen I was a kid driving through mountain passes scared me half to death. I remember skipping out on a few opportunities to go camping with friends or family because I was terrified of driving near the edge. Because...

Wednesday, February 24, 2021

How long will it take my money to double? That is a great question. The market generally gives no guaranteed return, but you can estimate how long it takes for your money to double at a given rate of return. There are two ways to do...

Monday, January 11, 2021

I'm Paying for What? A few years ago, I had a medical consultation and found several surprises on the bill. There were services I didn't know I was receiving or getting charged for. You may have had a similar experience or have heard...

Wednesday, December 16, 2020

In February, the White House released its 563-page book, “2018 Economic Report of the President.”¹ If you haven’t yet made time to peruse this weighty tome, don’t beat yourself up. Most people don’t...

Wednesday, December 2, 2020

The fees that investors pay to financial professionals for their advice and services come in two basic forms: transaction fees and ongoing fees. While professionals may differ in what fees they charge, they are required to fully...

Wednesday, November 4, 2020

Did you know that more than $9.9 trillion in assets are benchmarked to the Standard & Poor’s 500 Composite Index, including $3.4 trillion in index assets?1,2 The S&P 500 is ubiquitous – we see it on the news, read about it...

Saturday, October 10, 2020

In December, the SECURE Act or Setting Every Community Up for Retirement Enhancement Act, was signed into law. This bill brings about some of the biggest changes in short-term retirement policy history and is aimed at strengthening...

Wednesday, September 30, 2020

Whether through inertia or trepidation, investors who put off important investment decisions might consider the admonition offered by motivational speaker Brian Tracy, “Almost any decision is better than no decision at all...

Wednesday, September 23, 2020

Are your benefits unique? Most companies I come across try to do one of two things: be a cost leader or offer unique value. When I ask companies about why someone should use them, I get all kinds of answers as to how their product or...

Wednesday, August 5, 2020

Intro to the 401(k) People confuse 401(k) plans with other retirement plans. Some characteristics make 401(k)s unique, powerful employee benefits. 401(k)s are not for every company. Like so many other aspects of life- the added...

Tuesday, July 28, 2020

Four Really Good Reasons to Invest Forty-six percent of Americans do not own any stocks or stock-related investments, such as mutual funds, according to a recent Gallup poll.¹ Individuals may cite different reasons for not...

Thursday, July 23, 2020

Intro to the SIMPLE IRA A SIMPLE (Savings Incentive Match Plan for Employees) IRA (Individual Retirement Account) is a type of retirement plan companies can adopt if they have 100 or fewer employees. Despite the long name, as the...

Monday, July 13, 2020

Albert Einstein is given credit for coining the phrase, “Compound interest is the 8th wonder of the world. He who understands it earns it; he who doesn’t pays it.” If compounding interest is the 8th wonder,...

Monday, July 6, 2020

Inflation sometimes seems like one of those afflictions of an era long since passed into the history books. While it’s true that double-digit inflation has been absent for the last 30 years or more, you may remember the high...

Saturday, June 6, 2020

Real Worries Managing a 401k plan brings with it added responsibilities and concerns. Companies don't generally provide formal training with the assignment. Many plan sponsors and administrators don't understand the importance of their...

Monday, May 18, 2020

MUTUAL FUNDS VS. ETFS The growth of exchange-traded funds (ETFs) has been explosive. In 1998, there were only 29; at the end of 2018, there were over 1,900 investing in a wide range of stocks, bonds, and other securities and...

Friday, May 8, 2020

What is My Advisor Getting Paid to Do? Every plan sponsor should be asking themselves this question periodically. You wouldn't believe how often people ask, "What exactly is my advisor getting paid to do?" The answer depends on the...

Wednesday, April 22, 2020

Here in America, it seems easier to talk about seemingly more taboo topics than money. Because we are so protective about our finances, its little wonder retirement planning seems so mysterious to some people.

Wednesday, April 15, 2020

Have you ever had to get your car repaired? Who hasn't? The worst part about getting a car repair done is sitting in the waiting room waiting to hear the verdict...

Wednesday, April 8, 2020

So Much Retirement Plan Legislation The last 6 months have been full of legislation that impacts retirement plans and funds. At the end of 2019, the SECURE act was passed. On March 27th of this year, the Coronavirus Aid, Relief, and...

Wednesday, April 1, 2020

Time for Some Upgrades Some changes don’t feel like upgrades, like adding Jar Jar Binks to the Star Wars saga – my opinion. Then there are those things that don’t change the fundamentals of a product, but still make a...

Tuesday, February 4, 2020

Kids... I have 2 kids, a little boy and girl. They have complete trust in me. When they woke up this morning, they didn't have to wonder if me or my wife were going to take care of them today. They didn't have to worry about having...

Tuesday, January 21, 2020

IRS Determination Letter An IRS Determination Letter is a document from the IRS that indicates the 401k plan is in line with the specific legal requirements to be a qualified retirement plan, according to tax code. Once received, the...

Friday, January 3, 2020

Housekeeping Congratulations! 2019 is in the rear-view mirror and you are on to bigger and better things.While others may have a https://www.irs.gov/retirement-plans/plan-sponsor/a-plan-sponsors-responsibilities