Video – Get to Know Your Retirement Plan Committee

If you think you’re alone in managing your 401(k) plan, think again! A Retirement Plan Committee is a dedicated group that manages investment options, oversees retirement plan administration and provides fiduciary oversight and accountability.

In this two-minute video, learn who should be on your committee, how to formalize your team, how to oversee your plan and how a financial advisor can help!

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This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.

©401(k) Marketing, LLC. All rights reserved. Proprietary and confidential. Do not copy or distribute outside original intent.

Q4 Newsletter: Strategic Thinking Edition

As we begin to say goodbye to 2021, let’s look forward to the new year by addressing employee financial habits after COVID, how a K-shape economy is impacting your workplace and how your retirement plan committee plays an important role in helping employees pursue retirement plan goals.

Explore these topics and their implications for employers in helping employees save in the Q4 Newsletter – Strategic Thinking for Plan Sponsors.

Plan Sponsor Newsletter: Strategic Thinking

 

 

This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.

©401(k) Marketing, LLC. All rights reserved. Proprietary and confidential. Do not copy or distribute outside original intent.

Fiduciary Sudoku Part 4 – Comprehending 3(38), Explaining the 3(38) Fiduciary

July 24, 2017—In this final blog in our Fiduciary Sudoku series, our goal is to help you, the employer, understand ERISA Section 3(38) well enough so that you can properly evaluate, hire, and monitor retirement plan vendors who offer “3(38)” services. As discussed in our Introduction, “Fiduciary Sudoku – Comprehending ERISA 3(16), 3(21) & 3(38),” vendors who service retirement plans will use the term “3(38)” to describe their service offering. But what is a 3(38) service? Will it make your life easier? Does it alleviate your fiduciary responsibility? Are there levels of 3(38) service?

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Fiduciary Sudoku Part 3 – Comprehending ERISA 3(21), Explaining the 3(21) Fiduciary

June 19, 2017—Welcome to our third article in our fiduciary blog series, designed to clear up confusion and offer clarification regarding the nature and scope of fiduciary roles as they relate to corporate retirement plan management. In our most recent blog post we provided an overview of an ERISA 3(16) fiduciary. Today we’ll discuss the 3(21) fiduciary.

Keep in mind that the term “3(21)” in the retirement plan space has become associated with a financial advisor who helps the plan sponsor select and monitor its plan fund line up. But technically ERISA Section 3(21) defines ALL plan fiduciaries, not just those who provide outside investment advice.

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