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Top Performing Plan Series, Part 2: Measuring Your Plan’s Performance
In part two of our three-part webinar series, we took a deeper dive into the performance standards that help fiduciaries understand how their plans are truly performing: Investment Lineup Performance, Plan Fees, and Employee Retirement Readiness. We also explained how you can better understand plan performance in these areas. View part two below!
Top Performing Plan Series, Part 1: Do you have CONFIDENCE in your retirement plan?
In part one of our three-part webinar, Pension Consultants, Inc. Director of Sales, Todd Hughes, JD, discusses how transparent measurements against objective performance standards can increase your confidence that you’re providing your employees with a top-performing retirement plan.
You’ll gain valuable insight into:
• What it means to have REAL confidence in the retirement plan you provide
• What makes a TOP-PERFORMING plan
• What OBJECTIVE performance measures you should use to analyze your plan
As a fiduciary, you want confidence that you’re providing your employees with a good retirement plan. And, we know that a good plan is a top performing plan wherein 1) the investments outperform, 2) the plan fees are low, and 3) the employees are better prepared for retirement.
Pension Focus 2018 is just around the corner, but there’s still time for you to register! Pension Consultants, Inc. is proud to sponsor Pension Focus each year because of the outstanding education conference speakers provide to fiduciaries and plan sponsors and the opportunity for hands-on performance-focused learning.
Want to know why we think YOU should attend? Check out our top 5 countdown:
The increased number of 401(k) lawsuits over the past several years has shaken fiduciary confidence. Most of the litigation involves claims of excessive plan fees. However, a fiduciary can keep their confidence steady by ensuring they’re providing a top-performing plan. As a reminder, a top-performing plan is one where:
John Wooden once said “Don’t mistake activity with achievement.” Sadly, in the retirement plan industry, activity-based metrics have been the norm for measuring a plan’s success. Don’t be fooled, activity-based metrics don’t equal plan performance achievement. The actual performance of the plan is critical to having confidence you’re providing a good plan for your employees. Confidence can be attained by knowing you have a top-performing plan.
The 2018 Pension Focus Conference, sponsored by Pension Consultants, Inc., is a don’t miss event featuring expert speakers on the topic of retirement plan performance. Designed specifically to educate retirement plan sponsors and fiduciaries working with corporate sponsored retirement plans on how to deliver a top-performing plan, Pension Focus has been equipping attendees for more than 20 years.
(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
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.
On October 19, 2017, the Internal Revenue Service announced the 2018 Cost-of-Living Adjustments (COLA)1 to the retirement plan limits.
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.