In a recent article, posted in Pensions & Investments, on Tibble vs. Edison, whether an employer has fiduciary responsibility over investments should be a of great concern to all employers. Most employers mistakenly ...(more)
So what gives?
President Obama has thrown his hat into the ring by suggesting brokers and independent advisors adhere to a higher "Fiduciary Standard." This would impact major wall street firms like Merrill ...(more)
In a recent article in PlanSponsor magazine, 7% of employees feel very knowledgeable about their investments with 12% feeling confident. That leaves the 81% of your employees in the dark.
So what gives?
Most plans ...(more)
Just by reading The 401k Fiduciary Awareness Guide, you will know more than most plan sponsors about what it means to be a prudent fiduciary. In addition, you will have the necessary tools to protect yourself.
New Research Suggests Saving More, But is a 15% Retirement Savings Rate Out of Reach for Most?
The magic number used to be 10%. If you saved 10% of your pay consistently into your 401k, it was said, you would be able ...(more)
On July 23, the Securities and Exchange Commission voted in favor of major structural reform to money market mutual funds, including one of the most significant changes—a “floating NAV.” While new mandates aren’t ...(more)
The maximum employer matching contribution is calculated by multiplying the maximum employer matching percentage by the annual compensation limit. Since the annual compensation limit for the 2015 tax year is increasing, ...(more)
Stay up to speed with suggested guidelines from the Department of Labor on selecting target date fund investments.
IRS Updates Key Web Resources
The IRS has revised several reference guides for plan sponsors. The guides represent practical and helpful resources for both new and experienced sponsors.
Updated Web ...(more)
Review of the Coca Cola 401k Plan
Often times we get asked to review a companies 401(k) plan, pension plan or other retirement plans so that a person can better understand what options are available to them. Sometimes ...(more)
Recent news from the IRS and SSA will affect your ability to save more in tax deferred and tax free accounts starting in 2015. And as a bonus you'll be able to reduce your current taxes if you so choose. Here is a ...(more)
Government workers, like those in any area of the economy, want to maximize their employee-eligible retirement savings plans. Noting the quality of the investments offered through your employer versus those on the ...(more)
With the economic recession, roller-coaster stock markets, and the dismal news cycle, it has been very easy for investors to become overwhelmed and worry about their retirement options.
How should I invest so I can ...(more)
Not that long ago, when you needed extra larger sums of money, where’d you get it from? Homeowners went to their home equity to borrow. Those have almost gone the way of the dodo bird.
What’s the popular source now to ...(more)
401(k) plans are an excellent way to save for retirement. Your contributions are tax exempt and many companies offer matching programs that will add savings to your account above what you are already contributing. ...(more)
More than two years after soliciting comments, the Treasury Department issued final regulations making available the opportunity for retirement plan participants to purchase Qualified Longevity Annuity Contracts (QLACs) ...(more)
A retirement plan advisor's responsibility is to help participants plan for a "meaningful retirement," and help the plan sponsor manage risk, freeing them up to do what they do best, grow their business and make ...(more)
If you have been reading our work long you know we are conservative by nature, constantly worry about risk, and attempt to diversify as many problems away/offset as possible. So it might surprise you that we encourage ...(more)
It’s interesting that many of us pay a membership fee to shop at discount clubs like Costco or Sam’s Club to save a few dollars (or even pennies) on an array of consumer goods, many of which we don’t need or will never ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.