Archive | December, 2011

New 401(k) Revenue Sharing and Fee Disclosures Could Re-Shape DC Plans

December 30, 2011

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There is no such thing as a free lunch. The 401(k) has been marketed to plan sponsors with no administration costs. Plan participants will learn how much ‘free’ costs when the new fee disclosure regulations become effective later this year. “Plan sponsor’s awareness of fiduciary responsibilityand risk, especially as it pertains to fee oversight, is […]

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Here’s a short list of “resolutions” that you can share with your retirement plan participants

December 30, 2011

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These resolutions must be kept in order for plan participants to successfully retire. I believe the great recession has taught us that we can not rely on the government for our financial future. Each individual must be accountable for their own financial future. ___ Resolve to participate in your workplace retirement savings plan. If you […]

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If Roth 401(k) were a human being, he would be going through an existential crisis.

December 30, 2011

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Part of every retirement plan discussion should include the use of the Roth 401(k). Not everyone would benefit from this component but it should be considered when planning your retirement. “[The] lack of savings by our population is going to be one of the biggest crises our country will face,” says Mark Ratay, financial adviser […]

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Fee disclosure facts every plan sponsor should know

December 30, 2011

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The new fee disclosure regulations will take center stage early in 2012. Plan sponsors are required to know and understand the fees in their compnay sponsored retirement plan. If plan sponsors do not address this, their employees will bring it to their attention very soon. 6. All plan sponsors will have greater fiduciary liabilities – […]

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A unique end of the year review

December 29, 2011

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The week between Christmas and New Year’s Day is typically very quiet in the fi360 office and this year has been no exception. So it was unusual for us to have a conference call scheduled with a local registered investment…

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Employment- Seventh Circuit Rules That An Employee Need Not Be Paid Overtime For Work Performed Prior To The Start Of Her Work Shift

December 29, 2011

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In Kellar v. Summit Seating Incorporated, No. 11-1221 (7th Cir. 2011), the plaintiff, Susan Kellar ("Kellar"), alleged that she is entitled to overtime, under the Fair Labor Standards Act (the "FLSA"), for work performed prior to the official start of…

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Fiduciary Links: Our predictions for 2012

December 28, 2011

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As 2011 comes to a close fi360 would like to wish all of our readers a very happy holiday season and a great new year! The chart below is a quick look at some of our industry experts top regulatory…

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Younger Investors Not Shy About Stocks in 401(k)s

December 27, 2011

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This is a great indicator of the importance equities have in the overall health of any economy and young Americans recognize it. Most baby boom and earlier investors have an all in mentality when dealing with equities. Their thought process must become controlling risk and know what their expected return and expected volatility are. This […]

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Plan reviews – replacing funds is only part of the solution

December 27, 2011

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There is more to fiduciary responsibility than changing plan investments. Most plan sponsors should consider outsourcing most of these duties to independent professionals. This will reduce their fiduciary risk and improve the quality of the plan they offer their employees. Monitoring and making investment line-up revisions is only a part of the equation. A plan […]

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Younger investors save more for retirement

December 27, 2011

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One of the benefits of the “Great Recession” is the shift from a spending society to one of savers. The baby boomers were guilty of buying things they didn’t need, with money they didn’t have, to impress people they didn’t know. We must save, own equities, globally diversify and rebalance. This is a simple but […]

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