401k Advisors & Employee Benefit News
Benefit News by San Francisco 401(k) Advisors
Investment Manager Style Analysis – what is it? Here’s a clear explanation of style analysis and the two reasons why investment manager style is critically important to 401k plan sponsors. Our Investment Due Diligence process places an important emphasis on an investment manager’s style, employing a technique called “quadratic optimization.” Quadratic Optimization” is a big [...]
Depositing 401k contributions in a timely manner is an issue of extreme interest to the Department of Labor. For years, many 401k plan sponsors administered their plans under the assumption that they were allowed to transfer contributions and loan repayments up until the 15th business day of the month following the month in which payroll [...]
As a reminder to all 401k plan sponsors, among the many items contained in the Pension Protection Act of 2006, one section allows for three new optional amendments. While these optional amendments have not gotten as much coverage as other features, many 401k plan sponsors are finding them attractive. Three Pension Protection Act Optional Amendments are [...]
As a 401k plan sponsor, you’ve heard of ERISA section 404(c) and have probably wondered if adhering to it can help keep your plan out of trouble. To understand how ERISA 404(c) can help protect plan sponsors / fiduciaries from litigation, let’s examine a series of 401k fee and expense class action lawsuits spearheaded by a St. Louis [...]
Many 401k plan sponsors struggle to determine the “right” number of investment options in their Plan’s menu. Today, the retirement plan industry has evolved to the point where a complete portfolio may be obtained by purchasing a single investment option that either best matches a particular retirement date or the investor’s risk level. In many cases, [...]
In many cases, your Company’s Board of Directors is not aware that they are considered 401k plan fiduciaries under ERISA. The Board is, however, able to mitigate their exposure somewhat by designating a person(s) or entity with certain specific responsibilities. The specifics contained within the Charter will reflect the purpose of this new oversight group. Charters fall into three [...]
As a plan sponsor and fiduciary of your company’s retirement plan, keeping an up-to-date fiduciary file is critical. To begin, we recommend preparing your file in four key sections; contents of each section could include the following: Documents:Plan Document, IRS Determination Letter, Summary Plan Description, Investment Policy Statement, 404(c) Policy Statement and Notice, Form 5500s; [...]
Chances are you have a number of missing 401k participants who have moved and not provided a current address. As a Plan Sponsor you have a duty to make every effort to locate these individuals. First, you should exhaust all internal sources, which may include verifying last known addresses on other items such as health [...]
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