Blog Medium Without Sidebar

Advisors who work with plan sponsors should always be focused on creating value when designing a retirement plan to benefit plan participants. The greatest benefit of having a retirement plan is the opportunity to save money and then use it to retire comfortably. In that the retirement plan becomes a vehicle to replace income stream after retirement. This concept of replacing the income stream should be the objective of the plan design. A fiduciary to a retirement plan will be monitoring funds offered to participants to ensure that the plan menu provides enough option to select from to address different needs of various participants. The proper selection of funds is...

Daniel Satchkov

22 Oct 2018

15 Weekly Stats: Week of October 22, 2018

Matt Meyer and Michael Robinson are founders of The BluePrint Insurance Services. Their mission is to be the premier insurance partner for RIAs and comprehensive financial advisors. The BluePrint provides an operational insurance platform that allows our partners to provide the highest level of insurance access and support. We feature weekly update with permission: Matt Meyer Co-Founder 424.387.4143 MMeyer@tblueprint.com Michael Robinson Co-Founder 619.404.3038 MRobinson@tblueprint.com Site: https://www.tblueprint.com

Daniel Satchkov

22 Oct 2018

Larkspur Executive Special Offer Starts Today: Win More Plans Than Ever Before!

Competition is getting ever tighter for financial advisors in the retirement plan space. With so much at stake, you cannot afford to use the same data and tools as everyone else. Your process is unique and you need unique tools to reflect that. As announced last week, Larkspur Executive is getting released today. Not only does it have up-to-date information about 850K+ ERISA plans, but Executive also gives you ways to contact more than 1.2 million plan executives. No other tool does that. In addition Larkspur Executive provides key ratings for virtually every plan in the country measured against a customizable benchmark peer group. Imagine being able to quickly...

Daniel Satchkov

17 Oct 2018

Main Reason Why Millennials Are Not Investing in Retirement Enough

It seems a recurring theme in the 401k industry is the problem of younger generations not investing as much as they should. Plenty of studies have published reasons why, and they all seem to come back to the same answer. 401kSpeciailstMag cites a recent Navient (a U.S. student loan servicer) study where they give us some not so surprising findings: debt is a key factor when it comes to the younger generation not investing enough. To summarize these findings: Young adults with a college degree are more likely to save for retirement Young adults that have paid off their student loans save more for retirement Of young adults with student...

Daniel Satchkov

17 Oct 2018

How can Larkspur-Rixtrema’s Plan Monitor help plan advisors become better fiduciaries?

Plan Monitor, which is part of the 401k Fiduciary Optimizer, would provide the advisor with the dashboard to keep track of the health of their existing clients’ retirement plans by notifying them if any immediate action is necessary to avoid a fiduciary breach. It provides three areas to monitor which are Less Expensive Similar Funds, Less Expensive Share Classes and Highly Correlated Funds. For example, knowing that less expensive share classes are available and being quickly able to discuss it with the plan sponsor makes a plan fiduciary prudent in his/her effort to act in the best interest of the client. Moreover, Plan Monitor creates a process that documents all...