As a fiduciary, what you want most is confidence that you’re providing your employees with a good retirement plan. And, we know that a good plan is a top-performing plan. Makes sense. But many fiduciaries have no idea whether their retirement plan is a top-performing plan! Clearly, there’s a problem. Continue reading
As a fiduciary overseeing an employer-sponsored retirement plan, what do you want? Protection? Good customer service from your vendors? An easy-to-navigate retirement plan website? Education for your employees? Continue reading
(Springfield, MO, January 22, 2018) – Pension Consultants, Inc. (“PCI”), a leader in providing top performing retirement plans, was recently named on National Association of Plan Advisors’ (NAPA) first-ever Top Defined Contribution (“DC”) Advisor Firms over $100 Million List. NAPA’s Top DC Advisors is a compilation of the leading 275 individual advisor firms and advisor teams, ranked by DC assets under advisement. The list was published in the Winter Issue of NAPA Net, the Magazine. Continue reading
A previous blog released by Pension Consultants, “DOL Fiduciary Rule is Here – Are You Prepared?” communicated that the Department of Labor’s (DOL) Conflicts of Interest Rule (also known as the Fiduciary Rule) would be implemented on June 9th of this year. However, On November 27th, 2017, the DOL announced the Final Fiduciary Ruling will be delayed until July 1st, 2019. Continue reading
As we close out 2017 and enter into 2018, plan sponsors have retirement plan administration deadlines that need to be completed to avoid consequences for the plan. In past years, sponsors have had a significant amount of deadlines to meet before the end of the year. Fortunately, this year there have not been as many legislative changes that require plan amendments. Continue reading
As a plan fiduciary, you are charged with overseeing plan management with the goal of providing a good plan for your employees.
Plan management includes selecting and monitoring plan investments, selecting and monitoring plan service providers, assisting employees in preparing for a successful retirement, and the administration of the plan.Each area of plan management will require fiduciaries to use discretion that may impact the participants in the plan and their beneficiaries. Continue reading
Below is a chart outlining the COLA limits that become effective January 1, 2018, along with the two prior tax years’ limits:
The third quarter of the year was more of the same for equity markets. Between three hurricanes, gridlock over health care and tax reforms in Washington, interest rate increases, threats of nuclear war with North Korea, rising tension with Russia, a horrific domestic shooting, widespread social unrest, the looming Federal Reserve balance sheet tapering, and general tightening by Central Banks around the world, the markets did not slow down. Consumer optimism is reaching all-time highs, inflation is stubbornly low (confounding the Fed), wages are ticking up, and the job market remains tight with unemployment hovering near all-time lows. Continue reading
If you make decisions regarding the administration of your employer’s retirement plan or its investment choices, then you are a fiduciary to the plan. As a fiduciary, you are charged with making decisions that can impact the employees’ assets in the plan, and ultimately their retirement readiness. Those decisions must be prudent, but they should also drive your plan toward being a good plan. However, you may ask what does it mean for a plan to be a good plan?
(Springfield, MO, September 26, 2017) – Pension Consultants, Inc. (“PCI”), a leader in offering performance-driven retirement plan management, was recently named on the National Association of Plan Advisors’ (NAPA) first-ever Top Defined Contribution (“DC”) Advisor Firm List. NAPA’s Top DC Advisors is a compilation of leading individual advisor firms and advisor teams, ranked by DC assets under advisement. Nevin Adams, Chief Content Officer of the American Retirement Association and Editor-in-Chief of NAPA-Net states that the list “. . . highlights the contributions these firms are making in helping build a more financially secure retirement for millions of Americans.”1