One analogy I often use is that a qualified plan database (or any prospecting database) is like a gym membership. You can get all sorts of benefits from it, but in order for that to happen, you have to put it to good use.
This week’s case study will focus on plan optimization from the 401kFiduciaryOptimizer database. As to be expected, northwestern parts of US which have a predominantly mountainous terrain and subsequently low density population areas also have less and much more scattered retirement plans in comparison to
Q. Our current pre-approved 403(b) plan does not exclude residents of Puerto Rico, but our PPA defined contribution plan does. Does the Puerto Rican tax code provide for 403(b) plans? Do we exclude them in a U.S. based 403b plan based on the U.S. tax
Compiled from lists published by the IRS, DOL and Auditors, here are 10 items to check and review to make sure your 403b plan is operating in line with IRS and DOL expectations:
1. Universal Availability Issues:
a. Excluding “part time” employees without using or having the
1. Not enough research. Many advisors automatically assume that financial planning expertise will translate into plan success. You need to actually learn the space and study governance best practices plus lingo to have any chance.
2. Lack of sales experience makes it difficult for some advisors to
An article from Investment News discussed the need for Retirement Plan Advisors to change their approach and the way they work with providers. The article goes on to list several reasons why this is necessary; including the fact that “more assets are moving into target-date
RiXtrema found that plan sponsors and their advisors can save billions for the participants, Financial Advisor Magazine writes. You can unlock your share of that and grow your plan sponsor business with 401kFiduciaryOptimizer, an innovative retirement plan diagnostics tool.
RiXtrema’s Record Study of Retirement Plan Investment Expense Finds Over $17 Billion of Annual Waste
Fiduciary best practices research took 17 days of non-stop calculation on powerful 32 CPU Core computers
NEW YORK– April 11, 2017 – RiXtrema announced the findings of a big data quantitative research
For those of you who missed, some tremendously insightful comments from Skip Schweiss at TD Ameritrade as to potential sources of revenue growth for advisors. Enjoy: