Why Your Company Should Be Using a 401k Matching Contribution Plan – Five Things to Know

Surveys show that employees love their 401k matching contributions – here’s what companies can do to optimize the experience for both parties In June, 2020, During the height of the global COVID-19 pandemic, U.S. companies took an interesting stance with their employer-sponsored 401k plans – they left matching contributions alone. Conventional wisdom had it that […]

Choosing a 401k Plan Investment Advisor

Like a classic Maserati or Lebron James in the open court, performance is what counts with a company-sponsored 401k plan – and that’s where a good investment advisor can help. No doubt, companies that sponsor 401k plans for their team members lean heavily on investment advisors to steer their plans towards robust investment performance. According […]

401k Plan Fees: A Primer for Plan Sponsors

401k plan fees are the price of doing business in the retirement plan arena, both for employee participants in a retirement plan and for the company that sponsors a 401k plan. Those fees are also crucial to both the service and investment return portions of a plan participant’s 401k experience, and their impact can be […]

Non-Negotiable Responsibilities of 401k Plan Fiduciaries

At first glance, taking on fiduciary responsibilities for an employer-sponsored retirement can be a daunting task. After all, reviewing fees and policy statements, engaging in formal fiduciary training, vetting and replacing fund managers, overseeing plan audits, and handling compliance issues – all obligations under the plan fiduciary umbrella – are important necessary tasks. That’s why […]

How to Save over $55,000 in your 401(k) Plan

Like most people, you are probably depending on your 401(k) plan to have a comfortable life after you retire or at least have enough money where you can enjoy your retirement. This means that it is crucial for you to maximize your 401(k) so that you are able to save as much money as you […]