401(k) Corner: Increase Employee Savings
Why? 1. Those with a healthier retirement plan are more “present” while working, increasing efficiency. 2. Larger balances per employee allow fixed costs (administrative, audit, etc.) to be spread over a larger asset base, creating cost savings for everyone. How? 1.) Communication- Stress the importance of retirement savings. Employees don’t know that the rule of …
Read moreFiduciary Guarantee: A false sense of security
Summary: There are significant exceptions to the 401(k) warrantees that we have reviewed that render them fairly ineffective in protecting employers/fiduciaries. If an employer wants to rely on a fiduciary warrantee, we highly advise spending a few hundred dollars to discuss the relative merits with an ERISA attorney. A warrantee of questionable depth does not …
Read moreProtected: U.S. Debt Ceiling – The Budget Impasse
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Read moreMid-Year Portfolio Checkup
A slew of economic events has occurred in the first half of 2011, and with it comes portfolio changes. With the end of the Fed’s bond purchases (“QE2”) and the Greek austerity measures behind us (for now), it’s a great time for a review of your portfolio. A few simple things to look at… 1.) …
Read more401(k) Corner – Contribute $260,000 every year!
Ok, so it’s not technically a 401(k) that you can defer income into, but many are surprised by just how much can be deferred into retirement plans by using advanced planning. A recent interaction with a business owner is representative of many conversations we have. Mr. Johnson (fictitious name) has worked hard and re-invested in …
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