Thinking on this recently, I’ve noticed most of my 401(k) plan sponsors offer target date funds as an option within their company’s 401(k) plan. Many have somewhere between 50% and 70% of their total plan assets invested in this choice. Target date funds are comprised of equities, bonds, and other investments, and are geared to… [Read More]
401(k) Fees in the Spotlight
I recently held a special meeting with employees of a larger firm who wanted to learn about their company’s retirement plan fee structure and how these fees affect their savings. This is a hot topic for plan trustees and employees alike – meeting after meeting 401(k) fees specifically come into focus. While a plan’s investment… [Read More]
Plan Fiduciaries for Qualified 401(k) and 403(b) Plans – Are You One?
Let’s cut to the chase – a plan fiduciary must always serve in the best interest of plan participants and their beneficiaries, or risk facing some pretty severe fines and penalties. I spend a lot of time with clients discussing this topic. While we could take a much deeper dive, I’ve spared you from the… [Read More]
