The Importance Of Fiduciary Training

The Importance Of Fiduciary Training

Posted on by Mark OlsenLeave a comment

What does it mean to be a member of your company’s retirement plan committee? It probably means that you are intelligent and dependable and your CEO values your contributions. Your company leadership believes you are trustworthy, enough so to give you control over something as important as their retirement plan. It also means that you are now a fiduciary. Being a fiduciary is a legal responsibility that you automatically take on when you become a committee member. However, do you and the other committee members even know what a fiduciary is? Read on to learn key factors that are typically included in fiduciary training.

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Do You Think It Might Be Time To Change Your 401(k) Provider?

Do You Think It Might Be Time To Change Your 401(k) Provider?

Posted on by Mark OlsenLeave a comment

You’ve taken the leap to offer a 401(k) plan for your employees. It’s an added expense and takes administrative hours, but you know that it is well worth the increase in employee well-being and the benefits it provides in recruiting.

But how is your 401(k) doing? Is it everything you dreamed it would be, or are you still unsatisfied? If the customer service, fees, or investment performance are leaving you unsettled, it might be time to change your 401(k) provider.

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How To Make A 401(k) Contribution For Your Employees When You Can’t Afford An Ongoing Match

How To Make A 401(k) Contribution For Your Employees When You Can’t Afford An Ongoing Match

Posted on by Mark OlsenLeave a comment

One of the things employees get most excited about regarding retirement plans is matching contributions. While this is “free money” to the employees, it is not to the company sponsoring the plan. A lot of large companies offer matching contributions, but many small- and mid-size businesses just aren’t financially stable enough to do so.

What can you do if you want to help your employees save towards retirement, but can’t afford to promise a certain percentage every year? Make discretionary contributions.

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How To Select and Monitor Service Providers for Your Employee Benefit Plan

How To Select and Monitor Service Providers for Your Employee Benefit Plan

Posted on by Mark OlsenLeave a comment

As a retirement plan sponsor, you know that you have a big responsibility. Most plan sponsors find that the responsibility of running a plan and keeping it compliant with federal law is beyond the scope of their interest and skill level. Luckily, there are many service providers and other professionals that can help you fulfill your duties.

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