For a fiduciary committee responsible for assessing a plan’s costs and prioritizing participants’ best interests, every fee carries weight. With managed accounts, the extra charges can be a substantial detriment to participants’ retirement readiness.
401(k) Participant Managed Accounts are Not as Customized as Sellers Would Make It Seem. It is our view that, under the best circumstances, managed accounts offer true benefits to only a few plan participants who have specific and unique circumstances. However, for the majority of participants, these accounts are likely to resemble Target Date Funds (TDFs), with the added drawback of higher fees and potentially lower returns.
Over the last several years, there has been a growing trend of plan advisers and recordkeepers aggressively selling Participant Managed Accounts in employer-sponsored retirement plans.
PCI takes a deeper look at one critical, yet often overlooked, resource that can help 401(k) fiduciaries feel comfortable and confident navigating the rules of their retirement plan.
The recently launched Portability Services Network (PSN) is one potential solution. (link to PSN website) The PSN is a digital hub connecting retirement plan record keepers and plan sponsors aiming to reduce cash outs by introducing auto portability for employees leaving their job with a balance under $5,000.
When the Internal Revenue Service (IRS) issued new rules that allowed employees to contribute to 401(k)s in 1981, one very important effect drastically impacted the
Imagine this scenario: You are a young working professional that has recently accepted an exciting and unexpected opportunity in a new city. This new opportunity
Congress just passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2022. . There are many provisions in the new legislation relating to employer plans that fiduciaries should be aware of. Here are the key takeaways you should keep on your radar…
In recent InvestmentNews’ RPA Convergence article, “RPA Plan Pricing Is in Dire Need of a Refresh,” Fred Barstein, Consulting Editor and Founder of 401kTV and
Pension Consultants, Inc., Founder and Chairman, Brian Allen, CFP® recently contributed to InvestmentNews on RPA Convergence, a leading online news source for retirement plan
Retirement planners, regulators, and legislators have spoken out in recent years about the need for solutions to this troubling problem: The typical American, when reaching
Pension Consultants, Inc. (PCI) is proud to be featured among NAPA’s annual Top DC Advisor Teams list for the fourth year! The country’s leading voice
Eight thousand seven hundred sixty. That’s how many hours there are in a year. Knowing that, is it okay with you if we kindly ask
Is Your 401(k) Plan Adviser Costing Employees Retirement Money? PCI Founder and Chairman, Brian Allen, CFP®’s article, “Is Your 401(k) Plan Adviser Costing Employees
There are many reasons an adviser may not be a good fit for you, your plan, or more importantly, your participants. Pension Consultants, Inc. (PCI)
It’s common for people to spend a portion of their time off during the holidays watching old movie classics on television. The re-runs are all
