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How Do You Lower a Health Insurance Renewal?
Group health insurance renewals can go up because of the carrier’s rate change, changes in your own group, and changes the carrier makes to your plan. Here’s what small and large groups can do to lower the increase before they sign.
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CIT vs. Mutual Fund: Which Is Better for Your 401(k)?
A CIT usually costs less than the mutual fund version of the same strategy, but not always. Here’s what separates the two, where the savings actually come from, and which plans can use one.
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What Does a 401(k) Recordkeeper Do?
The recordkeeper keeps your retirement plan's books. This post discusses what that covers, how it differs from the TPA, the custodian, and the trustee, and which jobs stay with your company no matter who you hire.
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Traditional 401(k) vs. Safe Harbor 401(k): Everything You Need to Know
A safe harbor 401(k) requires the company to contribute and skips the yearly ADP test. A traditional 401(k) leaves contributions optional and has to pass it. Here’s what each one requires.
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What is a Discretionary Trustee?
A discretionary trustee doesn’t just hold the assets. They make the investment decisions, too. The problem? Many plan sponsors have never stopped to ask which kind of trustee they have.
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What is a 3(16) Plan Administrator?
Every retirement plan has a plan administrator. If your plan document does not name one, the job falls to you. Here is what the role covers and what a 3(16) provider can actually take off your hands.
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What Are 401(k) Forfeitures and How Can They Be Used?
Understand what forfeitures are, the three things your plan can do with them, when they have to be used, and who at your organization has to make that decision.
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What Do I Have to Do As a 401(k) Trustee?
As a 401(k) trustee you hold your employees' retirement savings in trust, and if you handle that money carelessly a court can order you to pay the plan back out of your own pocket. This post covers what the role requires and what to check first.
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What Should an Open Enrollment Meeting Cover?
An effective open enrollment meeting helps employees understand what changed, what their benefits will cost, what decisions they need to make, and when they need to act.
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What Happens If a Committee Doesn't Follow Its Investment Policy Statement (IPS)?
An IPS can work for your committee or against it, and the difference is usually one word. A policy that says the committee will remove a fund is a promise. One that says the committee may remove it is a guideline.
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How Often Should a Plan Sponsor Benchmark 401(k) Fees?
What the law actually asks of your committee on fee benchmarking, where the three-to-five-year figure everyone repeats came from, and how to set a cadence you can defend.
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Directed vs. Discretionary Trustee: What's the Difference?
What separates a directed trustee from a discretionary one, who ends up responsible for the plan's investment decisions under each, and how to tell which arrangement your plan is using.
