Todd Hughes Quoted in DETROIT FREE PRESS

Todd Hughes, JD, Director, ERISA and Vendor Services, was recently quoted in a DETROIT FREE PRESS article “Would you know if you are paying too much in fees with your 401(k)?”. Todd explains how excessive fee lawsuits have increased concerns about conflicts of interest and the lack of transparency in the retirement plan management industry. Click to read the full article in the DETROIT FREE PRESS and learn more about the need for fee transparency – not only to help avoid lawsuits but to also help participants minimize extra costs.

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3 Things to Know About Using Fixed Income Indexes to Gauge Performance

Why indexes are importantRecently, we published an article on the differences in Equity Indexes. While surprising how different some of these Equity Indexes can be (and by extension the Index Funds that follow them), the Fixed Income Indexes are a completely different universe. If the Equity Index and the Index Fund do not match, there will be differences in performance.  However, this is all shades of gray compared to Fixed Income Indexes, and the funds that follow them. Continue reading

6 Year-End Retirement Plan Tips to help your portfolio be top performing

6 Year End Retirement Plan Tips to help your portfolio be top performingThe end of the year is approaching fast. For many of us, that means spending time with friends and family and eating way too much.  Before we get distracted from one of the happiest (and most stressful) times of the year, here are some year-end tips you may want to consider with your investments: Continue reading

Todd Hughes Quoted in PLANSPONSOR

PLANSPONSER Article - Getting to a Better PlaceTodd Hughes, JD, Director, ERISA and Vendor Services, was recently quoted in PLANSPONSOR’s article “Getting to a Better Place – Improving a plan through the RFP/RFI process”. Todd discusses how Pension Consultants was able to help its plan sponsor clients reduce their record keeping fees. He also explains what plan sponsors need to do annually to track their plan fees and services in between the times they go out for a formal search. Click to read the full article in PLANSPONSOR and learn how the RFP process can help deliver a top-performing plan.

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This Is Why You Monitor Your Record Keeper

Why you monitor your record keeperThe world seems to have changed a great deal in recent days, but at least one thing remains unchanged.  Another excessive fee lawsuit has been filed, this time in the Eastern District of Michigan against Xerox HR Solutions, Inc.  The plaintiffs are participants in three Ford Motor Company retirement plans, and are seeking class certification to make this suit a class action suit.  The combined assets of the three plans come to nearly $14 billion.

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President Trump!

presidential electionRonald Reagan, Jesse Ventura, Arnold Schwarzenegger, and Al Franken are all former entertainers who made big splashes in their first run for public office.  But never has that first run landed someone in the White House!  Not since Dwight Eisenhower has a President been elected having never held elective office.

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Saving for College Tuition without Sacrificing Your Retirement Goals

Saving for College without Sacrificing Retirement GoalsParents’ lives change the minute their child is born.  Once the excitement wears off, they start to see how their financial situation has changed as well.  Their human nature is to sacrifice greatly for the betterment of their children. As parents, they need to manage those sacrifices, so they do not end up sacrificing their retirement goals as well.  One major obstacle for parents investing in their retirement is also saving for the increasing costs of their child’s future college education. A survey by T.Rowe Price, “Parents, Kids, & Money”[1], reveals how conflicted parents are trying to save for both retirement and college: Continue reading

Is it time to break up with your fund manager?

Fund Manager BreakupBy now you probably know that your duty to look after your investments does not end after the initial due diligence of selecting an investment manager. Manager selection is a crucial first step, but that is really only the beginning. You must establish a process to prudently monitor your investments with quantifiable criteria that will systematically generate a review of underperforming investments. Common reasons to replace an investment might include the investment manager retiring, the investment taking excessive risk, or the investment’s performance lagging the benchmark. However, sometimes after a thorough review of your investment it could make sense to retain it instead of replacing it. Let’s look at some of the reasons to not break up with or fire your investment manager. Continue reading

Negative Interest Rates – what do they mean to you?

For all of financial history, there has been a basic premise. The premise was that if I loaned you money, you would pay me back more than I lent you. Typically, the money paid back that is above the repayment of the principle is classified as “interest”. Even in Muslim countries that do not believe in interest, there is a fee charged for the privilege of borrowing money. Continue reading