When going to a dentist before the pain hits, one often doesn’t know where to look or what to ask. Similarly good financial advisors help retirement plan sponsors navigate a complex industry and get ahead of plan problems or value erosion before they hit.
The reality is a good retirement plan consultant should be a net-timesaver for plan administrators, though most don’t realize it. Plan consulting is much more than simply giving investment advice.
The reality is that a good retirement plan advisor can often be a net cost-saver for plan sponsors and participants. Excessive costs, as we know well, directly stunt capital appreciation.
Helping individuals make sound personal finance decisions continues to be a key difference maker in overall financial wellness. It goes beyond companies simply offering great retirement plans. The plan must “land well” in the lives of participants.
Record-keeping platform changes are quite common in the 401(k) industry, and they can also be quite an administrative hassle. In this 4-minute read we examine good and not-so-good motivations for change.
There are so many factors affecting the quality of retirement plans from a plan sponsor’s perspective. In navigating all these factors, the best advice for plan sponsors ever is...
There are so many factors affecting our saving and investing for retirement. In navigating all these factors, the best advice ever is...
Happy New Year everyone! As we consider lessons learned in 2018 and what lies ahead, a dominant theme in conversations with our clients focuses on capital preservation, especially for those nearing retirement.
The ultimate purpose of any retirement plan, we propose, is the financial wellness of the participant when retired. In the retirement plan industry, we often spend much more time and brain power on plan design, regulatory, and investment issues than we do on helping the plan land well in the lives of participants.
Many retirement plans these days are participant-directed but most participants simply don’t have the experience or knowledge to confidently make investment decisions. Here we lay out a basic framework to drive those investment decisions. It is essentially our investment philosophy on retirement plans for the average participant.
As the retirement savings industry grows in size and complexity, now more than ever advisors are challenged with communicating with clients simply and clearly on one hand, and thoroughly and efficiently on the other.
It looks like the recent action of a U.S. District Court finally put the nail in the coffin of the DOL's Fiduciary Rule. While the fallout industry-wide will have pros and cons, the fiduciary mindset should and will live on forever. Here we consider the starting point underlying such a mindset.
We aim for balance in 401(k) plans - between sponsors and participants being overwhelmed with investment options and complexity, and enough simplicity within a plan's structure that fosters ownership and participation.
Advisor firms have largely stayed on the sidelines of the pricing war heating up in the 401(k) industry. But we believe that will soon change. We've structured our own fee schedule to be transparent, fair, and at the cusp of industry progress--and our clients are pleased.
Slowly but surely the industry is moving towards transparency in cost structure, fee compression, and bench-marking plan metrics other than simply performance. We applaud the evolution and dig into the specifics of fee inefficiencies here.
Roth accounts, which tax contributions but grow and distribute tax free, are possible within 401(k) plans--though many sponsors and participants don't realize it. Here we define the product and explain how the new tax law affects Roth accounts.
In this article we describe an underutilized, yet very powerful, tax-deferral tool--the cash balance plan. Given recent changes to the tax code, now could be a great time for companies to add this product to the shelf.
With valuations at all time highs, "Mr. Market" sometimes seems to say the same thing as Breaking Bad's Walter White, aka Heisenberg, "If you don't know who I am, then maybe your best course would be to tread lightly." Our advice in the new year, be careful out there and stick to the fundamentals.
We're excited to introduce our new firm, Marcado Asset Management, launched to challenge the inefficiencies of a $10 trillion market. Undergirding those inefficiencies are the misaligned incentives between all the parties to a common retirement plan--including the most important and often most taken advantage of, "Joe participant."