Retirement Plans

#5 Building Block – Understand your asset classes

Asset class is a term frequently used, and as frequently misunderstood, in the investment world; but, asset classes are really nothing more than categories of various types of investments. Learn what they are and how they work together in “How to Build, Protect, and Maintain Your 401(k) Plan.”

#4 Building Block – Know the risk you’re willing to take

Everybody is a long-term investor – until the market drops one percent or you get your quarterly statement. What is your true tolerance for risk? Discover the answer in “How to Build, Protect, and Maintain Your 401(k) Plan.”

#3 Building Block- Learn how Employer Matching Funds can add money to your plan

Matching funds are basically free money, and you would be crazy to turn away free money. That’s what you’re doing if your company offers a matching employer contribution and you’re not putting in the amount necessary to receive the maximum matching funds. Find out the eligibility requirements and begin participating as soon as possible. Any […]

#2 Building Block – Learn how to put money into your 401(k) plan

  It’s possible that you aren’t aware of rules affecting contributions to your specific plan. Here are the questions to ask yourself: What are the eligibility requirements and vesting schedule? How much money can I put in my plan? What is the tax-free allowance or government subsidy? Since only you know exactly how each of […]

#1 Building Block – Learn what’s in your Summary Plan Description (SPD)

Your SPD is the cornerstone of your retirement plan, so, it’s important to learn every angle and how to work it in your favor. It doesn’t help if you have a general knowledge of 401(k) plans, but don’t understand the specific rules of your own plan. Ask your plan administrator for a copy of your […]

Watch Out for “Assembly Line” Retirement Planning

Some things work best when assembled exactly the same way every time. Your car, for example, comes to mind. With a standard process in place at the manufacturing plant, mistakes get minimized, your car gets assembled faster, and that’s part of what makes the car affordable for you. Why Retirement Plans Should Always be Customized […]

Does Your Provider Measure Up? Part Three: Additional Services

It is imperative to measure the quality of service you are receiving from your plan provider. By asking questions about their additional services, you can find out if they are willing to go above and beyond expectations. Are the investment options meeting everyone’s needs? Are they low cost? Is every participant aware of the benefits […]

Does Your Provider Measure Up? Part Two: Costs to Offer Retirement Plans

Who enjoys paying ‘sticker’ price for a new car? I have yet to meet someone who does. The reason no one pays sticker is because everyone knows you can negotiate the price down a couple hundred, if not a thousand, dollars. But what most people don’t fully understand is the dealership makes most of their […]

Does Your Provider Measure Up? Part One: Plan Construction

Business Owners and Human Resources Directors share the desire to provide the highest quality retirement plans (“plans”) for their employees. I mean, who wouldn’t want to have access to plans that take full advantage of the current tax laws in place and have quality investment choices? Not only do quality plans provide an opportunity for […]