Your Retirement Plan Needs Performance Standards

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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.

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Fiduciary, What Do You Want?

Business-confidence-24117As 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?

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Why Do We Even Have a Retirement Plan?

7K0A0223If 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?

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The Tools Your Retirement Plan May Be Missing: Auto-Enrollment & Auto-Escalation

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What are your goals for your retirement plan? Are you a plan sponsor reviewing your plan and wondering to yourself, “Why is my plan not performing competitively against others,” or even more so, “How do I increase employee participation in my retirement plan?”

The answer could be, as we will outline in this post, something as simple as adding auto features to your plan design.

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America Saves Week

America Saves WeekThe average American citizen has a hard time saving money. According to new studies:

  • 28% of Americans have no emergency savings[1]
  • 47% of Americans cannot afford an emergency expense of $400[2]
  • Indebted households have an average credit card balance of $16,061[3]
  • An average household pays $1,292 in credit card interest each year[4]

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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

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

All indexes are the same, right?

All Indexes Are the Same, Right?For the past decade or so, index funds have become all the rage from academia, to Middle America, to the corporate boardroom. Index funds are designed to replicate the performance of an underlying index by buying all (or substantially all) the securities in that index. There are dozens of index providers such as S&P, Dow Jones, Morningstar, Russell, CRSP, and MSCI. Index mutual fund companies pick one of these index providers to build their index funds around. However, some investors are surprised to discover that all indexes with the same mandate don’t necessarily perform the same. Continue reading

Investment Education and Advice Guide

As a plan sponsor and fiduciary, you can help your employees become retirement ready while satisfying your fiduciary duties and minimizing your risk.

Our Investment Education and Advice Guide will:

  • Define Investment Education and Advice
  • Explain the Safe Harbors for Providing Investment Education
  • Help you understand the fiduciary risks of providing advice, and why you should provide advice

Submit your information using the button below to download our free “Investment Education and Advice Guide”.

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Additional Resources

Visit our Resources for Your Retirement Plan and our Blog to find more tips and tools for help managing your retirement plan.

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