(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.
Below is a chart outlining the COLA limits that become effective January 1, 2018, along with the two prior tax years’ limits:
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?
The 2nd quarter of 2017 continued the streak of new highs in equity markets. While this bull market has already lasted longer than most; investors still seem to be overly cautious, expecting a pullback at any moment. However, this nervousness is likely the reason the pullback has not happened. The longer the nervousness continues, the longer the market can run. Aiding the uptrend continues to be improving corporate earnings, low unemployment, low interest rates, low inflation, and a much improved consumer balance sheet.Continue reading
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.