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The Biggest One Day Loss Ever…Really?

After the recent volatility in the market, I once again recall a few reasonable tips that help me maintain a long-term focus on investing.   Tip Number 1 - First, although you may be watching the “financial” news or an “investing”…
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What do Gucci, CenturyLink and Fujitsu have in common? Read On!

I continually write on fiduciary issues and am very amazed by the number of lawsuits still being initiated and settled.  The trend is certainly not slowing down and fiduciaries, beware.  Please note that even though the service provider’s…
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A Special Report on 401(k) Best Practices

As you may recall, we have written previously on the importance for retirement plan sponsors to better understand their responsibilities under ERISA to more effectively operate their plans.  In my opinion, it is no longer prudent to default…
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Retirement Savings 101: My Grandfather Taught Me This Lesson

When meeting with clients to discuss saving for retirement, I often note that two of the most critical elements to building wealth for use in retirement are 1. starting early and 2. saving as much as possible. After all, the goal is to develop…

A Roth 401(k) Provides Real Benefits

October 1, 2017 A Roth 401(k) Provides Real Benefits The Roth 401(k) became eligible for plan sponsor use over ten years ago, in 2006.  However, it startles me that only an estimated 58% of employers offer this feature to their plan participants…

Have Defined Contribution Plan Fees Hit Rock Bottom?

I recently read the results of the 12th Annual NEPC Defined Contribution Plan and Fee Survey, showing that fees remained steady from those reported in 2016. Specifically, the survey found that “DC (defined contribution) plans have a median…
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When Is The Last Time You Successfully Timed A Disaster

I lived through Hurricane Katrina while running a small distribution business here in New Orleans. The business was flooded for 28 days and operations were extremely curtailed for months after. I share this with you because we benefitted from…

Reasons for implementing a Qualified Default Investment Alternative

Participants don’t know what they don’t know. After sifting through the June 2017 issue of PlanSponsor magazine, I found yet another staggering statistic that reaffirms not only the importance of retirement plan education, but also the…

What fiduciary liability? I already use a low-cost provider for my 401(k) plan.

Since the first 401(k) fee lawsuits hit the plan sponsor community over ten years ago, plaintiff attorneys have been honing their skills for uncovering potential fiduciary breaches. A recent article by Nevin E. Adams, Excessive Fee Suit Comes…
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401(k) Rule Change Could Reduce Potential Retirement Savings By 43%

Over the weekend, I read an article in the Wall Street Journal entitled “Grab the Pitchforks, Your 401(k) May Need To Ward Off Congress.” This article, by Jason Zweig, presents a genuinely disturbing scenario of our Government taking away…