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What’s your ERISA duty with qualified retirement plan documents?
Failing to update your plan document for new laws, like the SECURE Act and CARES Act, jeopardizes your plan. Stay compliant. Learn the basics about documents and amendments.
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A checklist for retirement plan fiduciaries amid industry consolidation
Retirement plan sponsors are likely aware of the ongoing consolidation of recordkeepers over the last several years. When there’s a change in any of your plan’s service providers, your fiduciary duty to select and monitor them comes into play. This checklist can help you do your duty to assess the impact of the change on your plan.
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Avoid these four common 401(k) nondiscrimination testing mistakes
401(k) nondiscrimination testing must be performed annually to keep your plan compliant, and accurate results are vital. Learn how to avoid four common mistakes.
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Four things to know before applying to grad school
Have you been thinking about attending graduate school? Will an advanced degree help you advance your career? Perhaps the pandemic has caused you to reprioritize your professional goals. Whatever your reasons, there are a few things you should know before starting the application process.
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Who’s an ERISA fiduciary?
If your business sponsors an ERISA-qualified retirement plan such as a 401(k), you may be an ERISA fiduciary. And one of your responsibilities is to monitor the fiduciaries you appoint to help you run your plan, you should know who’s an ERISA fiduciary—and what they do.
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How inflation can affect your 401(k)
Over time, prices tend to go up—which is called inflation. Because of inflation, how much you spend on everyday items changes from year to year, even if what you buy doesn’t. If you want to be able to maintain your standard of living in retirement, you’ll need to account for inflation as you plan how much you should be saving.
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About target-date fund glide paths—a key to asset allocation in a 401(k)
A glide path is the investment blueprint that a target-date funds uses to adjust its investments according to how close the investor is to retirement. Understanding how they work is crucial to being able to make decisions on your plan’s investment lineup. Here are some of the details you need to know.
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Should you choose a target-date or target-risk fund in your 401(k)?
Your 401(k) plan offers several investment options, including target-date funds (TDFs) and target-risk funds (TRFs). Get to know the differences and how you might be able to consider one of these funds to help you save for retirement.
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14 answers you should know about 401(k) eligibility and vesting
Eligibility and vesting among the most profound decisions you make about a 401(k) plan. Based on a thorough review of ERISA regulations, here’s some bite-sized information to help you understand the basics.
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Six myths about retirement plans for small businesses—debunked!
We debunk the myths that keep many small business owners from offering a retirement plan.
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