Saving for retirement isn’t easy. However, what you may not realize is that by making small adjustments you can save a substantial amount that can be added to your retirement plan. How often do you find yourself stopping for coffee on the way to work? Do you go out for lunch several times a week?...Read More

In life, surprise expenses are bound to happen. If you had an unexpected emergency expense of $400, would you be able to pay for it? If your answer is, “No,” you’re not alone. Forty-four percent of Americans said they would have difficulty with an emergency expense of $400.¹ Furthermore, 140 million Americans have little or...Read More

ARE YOU REDUCING YOUR DEBT? You’ve heard the phrase, “Slow and steady wins the race.” The same is true when it comes to reducing debt. Start with your smallest debt and then work on your larger debts. If debt is a leading contributor to your overall stress, you’re not alone. The national average for household...Read More

This month’s employee memo encourages employees to conduct a regular examination of their retirement plan to determine whether any changes need to be made. Download the memo from your Fiduciary Briefcase at fiduciarybriefcase.com. Please see an excerpt below. It is important to conduct regular check-ups on your retirement plan to make sure you are on...Read More

The payment of expenses by an ERISA plan (401(k), defined benefit plan, money purchase plan, etc.) out of plan assets is subject to ERISA’s fiduciary rules. The “exclusive benefit rule” requires a plan’s assets be used exclusively for providing benefits. ERISA also imposes upon fiduciaries the duty to defray reasonable expenses of plan administration. General...Read More

For almost a century, collective investment trusts (CITs) have played an important role in the markets. They were originally introduced in 1927. According to a 2020 study, they are now used in more than 70 percent of plans.¹ For the vast majority of their existence, CITs were available only in defined benefit (DB) plans. In...Read More

Can you hear the bells ringing? It’s that time of year to review your to-do list of fiduciary responsibilities. Ask yourself the following questions to make sure you are on top of your responsibilities and liabilities. Are you practicing procedural prudence when making plan management decisions? Do you clearly understand the Department of Labor’s (DOL)...Read More

Most people need to save more — often a lot more — to build a nest egg that can meet their needs. Many financial experts recommend putting away 10 to 15 percent of your pay for retirement. There’s a relatively painless way to reach that goal. Take small steps Begin by contributing enough to receive...Read More

As a participant in the company’s retirement plan, you are already serious about saving for your future. Whether you are retiring in a few weeks or a few decades, you may need to protect your investment. A healthy way to do this is to rebalance your portfolio. What is rebalancing? Rebalancing is simply readjusting your...Read More