Friday, March 20, 2026

Blog Medium Without Sidebar

Caption placed here
07 Sep 2018

5 Articles for your weekend reading list: September 8-9, 2018

Here are five suggested articles to read this weekend: 1. What are Unitized Model Portfolios and Why Should 401k Advisors Care? – Unitized model portfolios are getting an increased amount of attention from advisors who want to “take target-date funds to the next level,” according to Kent Peterson, Vice President with Securian Financial. (401kspecialistmag.com) 2. Millions of Workers Continue to Save for Retirement Through 401k Plans – The Investment Company Institute (ICI) is celebrating National 401(k) Day this week by highlighting the strength of 401(k) plans used by tens of millions of workers to save for their futures. (ici.org) 3. The Latest In Financial Advisor #FinTech (September 2018)– Welcome to the September 2018 issue of the Latest...
Read More
07 Sep 2018

Advisors concerned about consolidation among record keepers in the 401K business

InvestmentNews recently reported on how the consolidation of record-keepers could be a bad omen for 401(k) plans. Over the years, many record-keepers have been sold or merged together with other providers. If providers keep consolidating, this could mean that many retirement plans might get shoe-horned into more restrictive plans or even drop them all-together. We’ve been witnessing a growing trend in 401(k) plans to actually move money away from record-keepers to in house funds as well as a general drop in the expense. This means that the record-keepers are getting less and less money and might be more compelled to consolidate as the trends continue. While it may be true...
Read More
06 Sep 2018

Telling Your Clients Why It Is Never a Good Idea to Withdraw from a 401(k) Plan Early

Financial experts generally advise against borrowing from – and especially withdrawing early – from retirement accounts. And for a good reason. The retirement account is a special financial vehicle designed to provide tax sheltering and asset growth free of taxes until the withdrawing period. The early withdrawal from the retirement account will affect your retirement, as is pointed out in the article “401k Employee Education – Never a Good Reason to Tap a 401(k) Plan Early”, to a degree is hard to imagine. For example, the effect of an early withdrawal can be illustrated with the following scenario: A 30-year-old worker living in New York wants to cash out $14,000...
Read More
05 Sep 2018

How to help plan sponsors avoid litigation and limit potential losses

Every 401k plan sponsor has a fiduciary obligation to plan participants. If employees accuse a plan sponsor/employer of not being able to act in the best interest of his employees, it can lead to litigation, money loss, and a damaged reputation. Therefore, the DOL has released several guidelines, in order to help avoid unwanted consequences; the following “best practices” which have been mentioned in a recent article. Here is short synopsis: Investment diversification. Each investment of the portfolio should be considered in the context of the whole portfolio, in order to reduce the risk of massive loss, and avoid allegations. Keeping administration fees/expenses “reasonable”. Any plan sponsor should compare proposals...
Read More
1 … 122 123 124 125 126 … 171