Four Ways to Double the Power of Your Tax Refund

The IRS expects that more than 70% of taxpayers will receive a refund in 2017.¹ What you do with a tax refund is up to you, but here are some ideas that may make your refund twice as valuable. Double your savings Perhaps you’d like to use your tax refund to start an education fund  Read more ➝

Q&AS ON ROTH 401(K)S

The Roth 401(k) is 10 years old! With 62% of employers now offering this option, it’s more likely than not that you can make Roth contributions to your 401(k) plan

Best Practice: Simplify the Investment Decision

The easier your 401(k) plan is to navigate, the more enthusiastically plan participants will get on board. A simplified investment offering can also help participants steer toward a successful retirement, while minimizing your personal liability and administrative overhead as the plan sponsor.

Best Practice: The Investment Policy Statement

Your plan’s IPS not only helps you think through how best to fulfill this important fiduciary duty, it also is one of the most powerful tools available for protecting yourself against fiduciary liability. It formally documents the process you’re using to select and monitor your plan’s investment selections.

Best Practice: Establishing a Strong Investment Committee

While it’s important to establish a solid Investment Policy Statement (IPS) to fulfill your fiduciary obligations and avoid related liabilities, you also want to establish an engaged and informed investment committee, and task it with keeping your plan’s IPS alive and well over time.

Whose Relationship Do You Value Most?

The Employee Retirement Income Security Act, or ERISA, places responsibility on the employer to manage the plan at an extremely high level.

Good Plan Design Means a Better 401(k)

As the 401(k) has become the major “workplace retirement plan” for most Americans, employers will want to focus more closely on the way in which their plan is designed; in other words, the way in which their plan documents are written.