What Should Be Done When Selecting a 401k Investment Manager?

The process of choosing a 401K investment manager depends on the plan so as the services to be given. Choosing the best retirement plan may result to either retiring happy or working longer than you should be. Selecting the best 401K administrator is a very important aspect...

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Multiple Employer Plans Have Bright Future

As the election nears, 401(k) experts are keeping an eye on legislation that could make multiple employer plans (MEPs) an extremely favorable option. MEPs have been around in some form since the 1960s, says Terry Power, president and CEO of The Platinum 401(k) Inc. A...

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Interview: Terrance Power, The Platinum 401(k) by Ary Rosenbaum

Multiple employer plans (MEPs) especially open MEPs have been a hot topic since the Department of Labor issued an advisory opinion that a specific Open MEP wasn’t a single plan for Form 5500 purposes. It looks like Congress may pass legislation allowing Open MEPs to be treated...

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401(K) Outsourcing: The next Big Thing

Outsourcing is the hiring of a consultant from outside the company to complete a task or provide a service that they are better suited to do then your own employees. Many small to midsized plans are beginning to outsource 401(k) fiduciaries. Companies outsource many services,...

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Multiple Employer Plan Expansion Imminent?

When the American Retirement Association reported last week that the Department of Labor had recently submitted a "final rule" to the Office of Management and Budget pertaining to "Savings Arrangements Established by States for Non-Governmental Employee", it raised an inquisitive...

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What Kind of “fiduciary” Are They?

When you’re looking for relief from the personal liability and financial risks of being a 401(k) plan fiduciary, not all fiduciary protection is alike. You don’t stop being a plan fiduciary just because a vendor signs on as a plan fiduciary or gives you a certific...

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Exclusive Interview with Terrance Power: 401k MEPs Reduce Downside Risk for Company Execs

For some time now, readers have seen Terry Power quoted frequently in many a FiduciaryNews.com article. Ever since we first met him at the 2012 fi360 Annual Conference, we’ve considered Terry one of our pre-eminent “go-to” guys when it comes to all things MEP....

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ERISA 3(16) Plan Administrator Services Summary

We receive a lot of inquiries about our 3(16) Plan Administration services from clients and advisers across the country. From our perspective, the decision to utilize a 3(16) administrator verses simply becoming an adopting employer within an Open Multiple Employer Plan...

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NYC Proposes Their Own Private-sector Retirement Plan, Making a Bad Idea Even Worse

New York City's mayor Bill de Blasio called for a city-run retirement system for private sector employees in his annual keynote “State of the City” address last week, following the lead of more than a dozen states across the countr...

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