Read Andy’s article published by Advisor One discussing “Creating Wealth Isn’t Quick of Easy… So Why Do So Many Think Otherwise?” By far, the hardest part of managing other people’s money is not just the research that goes into building a portfolio or picking the specific assets, but the psychology of how a client feels relative to the current marketplace …
Business Owners and Plan Sponsors Targeted by New 401k Regulations
At the writing of this post, business owners have exactly 41 days to comply with new ERISA guidelines. Every company with a 401k will face new rules and penalties regarding how information is disclosed and processed. Not fully complying with these regulations, enforced by the Department of Labor, can result in prohibited transactions and fines. Purpose and Potential Issues …
New 401k Disclosure Requirements
In a little less than two months from now the new 408(b)-2 regulations take effect and retirement plan sponsors and plan committees will need to begin evaluating information from plan service providers. Despite the inherent difficulties of a plan sponsors, usually the business owner or high level executive, evaluating plan services, compensation and arrangements, there are considerable opportunities coming for …