8 steps for Defined Contribution plans to consider in 2022
n the United States, defined contribution (DC) plans are facing unprecedented problems.According to Groom Law Group, the number of litigations under the Employee Retirement Income Security Act of 1974 (ERISA) reached a new high in 2020, with more than 200 new class action claims filed, and an increase of 80% in 2019.
How To Win Rollovers
To answer this question we can create a hypothetical scenario where a prospect/client is about to change their employment which is, actually a very real scenario for all of us during our employment years.
2021 PLANSPONSOR Best Practices Conference Summary: ERISA, Outsourcing, and Benchmarking
Plan sponsors have a fiduciary duty to ensure that their company's retirement plans are properly designed and managed.
LE Quick Guide – Internal Plan Reports
Now we will look at individual plan reports, in order to do that we will select a plan from the list that we have generated previously from our Advanced search...Read More
What Are MEPs And How Can They Help You?
According to investopedia, an MEP or Multiple employee plan is a retirement savings plan adopted by two or more employers that are unrelated for income tax purposes, as defined by the Internal Revenue Service (IRS) and the U.S. Department of Labour (DOL).
Adding Cryptocurrency to your 401(k) Plan: Risks and Best Practices
Cryptocurrencies still garner a lot of attention in the investment world, and despite remaining high-risk they are amongst the asset options for retirement plan diversification.
Rise in Retirement Plan Excessive Fee Litigations
The number of lawsuits involving 401(k) plans has increased significantly in recent years, peaking in 2020. The number of ERISA lawsuits in 2020 saw an 80% increase compared to 2019.
Individual Reports in Larkspur
Once you are happy with your list – You are ready to start exploring individual Plan reports. To do that click on a plan name of your choosing and that will take you to the individual reports page.
Best Ways To Approach Your Prospect Online
When people are marketing online, those trust-building factors are entirely absent. Not only that, but prospects tend to be more cautious online, in order to avoid being scammed or hacked. So, from the outset, online marketing is an uphill struggle.
What 401k Plan Sponsors Need to Know About the Investment Policy Statement
An Investment Policy Statement is a document signed between a portfolio manager and a client that describes general rules, restrictions, and investment structures for the management.