401k Best Practices
Articles
Retirement Plan Conflict of Interest Examples & Solutions
In the 401(k) industry, conflicts of interest can come from two sources: employers managing 401(k) plans, and service providers working on behalf of those employers. Conflicts of interest can arise when an employer or service provider has an incentive to put its own interests above the needs of the employees’ retirement plan. The following case studies are an example of what different conflicts of interest can look like in the context of…
401k Best Practices
Articles
401(k) Expenses - Understanding and Analyzing 401(k) Plan Fees
The E for Expenses essay focuses on 401(k) plans and their costs. Here we will explore the fees you are likely to see in your plan, understand who should be responsible, how best to analyze, and how often you should review. Nathan Fisher developed a mnemonic device called R.E.T.I.R.E. ® an employer's go-to resource for 401(k) plans.
401k Best Practices
Articles
401(k) Engagement - Helping Employees Make the Most of Your 401(k)
The "E" for Engagement essay focuses on how to help your employees make the most of the company 401(k) plan. For example, you want to not only evaluate how many of your employees are participating, but also how much of their salaries they're contributing, and how diversified their investments are. Nathan Fisher developed a mnemonic device called R.E.T.I.R.E. ® an employer's go-to resource for 401(k) plans.
401k Best Practices
Articles
401(k) Investment Solutions - Offering 401(k) Fund Options for Different Purposes
The "I" for Investment Solutions essay focuses on choosing the best investment options for your employees. Just because you want to provide your employees with a valuable retirement benefit, doesn’t mean you want to become an expert in investing. This essay offers a list of investment solutions that help each type of employee at your company; from those who want to invest on their own, to those who want a lot of help. Nathan Fisher developed a…
401k Best Practices
Articles
401(k) Responsibilities – Making Sure Your Employees Come First
The "R" for Responsibilities essay focuses on your responsibility in making decisions on behalf of plan participants and their beneficiaries (current and past employees, and their families). To that end, it's critical that you seek out any potential conflicts of interest in your plan and work to remove them. Nathan Fisher developed a mnemonic device called R.E.T.I.R.E. ® an employer’s go-to resource for 401(k) management.
401k Best Practices
Articles
401(k) Resources – Finding the Right Tools for 401(k) Success
The "R" for Resources essay focuses on resources that can help you, as the 401(k) plan manager, more effectively manage your plan and provide access to resources that will help your employees get and stay on track towards retirement. The resources and support a 401(k) service provider has to offer both you and your employees can mean the difference between success and falling short of their 401(k) goals. This essay offers a list of resources…
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