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Retirement Services & Financial Advisors​ - Serving Columbus & Beyond

Why Your Small Business Needs a 401k Advisor

Submitted by Life, Inc. Retirement Services on January 10th, 2018

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If you are considering a 401k plan for your business, or you are already in the process of getting one started, then you are already ahead of many small businesses. However, as you begin the process of providing for the future financial security of you and your employees, you should take a moment to consider consulting a retirement plan advisor to help you establish and maintain your company's 401k. While many business owners may be tempted to oversee their company's 401k alone, there are many benefits to bringing in outside help. Here are just a few of the reasons to hire an advisor for your company's 401k plan.    

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Why You Should Consider a 401k Retirement Plan for Your Small Business

Submitted by Life, Inc. Retirement Services on January 4th, 2018

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Employees like 401k retirement plans, so much so that they represent the kind of benefit which can help small business owners attract new workers.  That said, more than 70% of small businesses don't offer these plans.  Why are these plans so popular, and why are so many small companies reticent to offer them?

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401k Plans for Small Businesses: Why You Should Start a Small Business Retirement Plan

Submitted by Life, Inc. Retirement Services on January 3rd, 2018

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With people living longer than they used to, it is more important than ever that people start saving for retirement as early as possible. However, many people who work at small businesses do not have access to a 401k plan, as only 15% of businesses with 100 employees or less offer their employees retirement plans, and only 50% of Americans overall have access to a workplace retirement plan. Generally, small business owners do not want to offer a 401k plan due to the time and money they would have to invest to offer these benefits. While this is a valid concern, the fact is that the pros outweigh the cons of offering your employees a 401k plan. Here are just a few of the benefits you could gain by offering a 401k plan to your employees.

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NO “ONE-SIZE-FITS-ALL” 401(k) PLANS

Submitted by Life, Inc. Retirement Services on October 30th, 2017

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Retirement plans come in all shapes and sizes: DC Plans, DB Plans, Non-Qual, 401(k), 403(b), 401(a), 457, SEP IRA, Simple IRA, Roth IRA, Cash Balance, HSA… and any other number letter combinations that you can think of.

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Employers: It’s Time for Your 401(k) Year-End Review

Submitted by Life, Inc. Retirement Services on November 24th, 2015

The appearance of Holiday lights and Black Friday ads in early November should serve as a reminder to plan sponsors that the year-end is rapidly approaching, and with it, a limited opportunity to review your retirement plan for any changes you may need to make before the end of the current plan year.

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Are Your Employee Invested for Retirement or Playing It Too Safe?

Submitted by Life, Inc. Retirement Services on September 23rd, 2015

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The steep uptick in 401k plan trades in reaction to the wild market swings over the last several weeks could be a precursor of a mass reallocation of participant portfolios to more conservative investments.

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Five Reasons for Plan Sponsors to Unbundle their Services

Submitted by Life, Inc. Retirement Services on September 16th, 2015

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Among the primary choices a plan sponsor has when considering the management of their 401k plan is bundled or unbundled. For many plan sponsors initiating a smaller plan, the bundled approach may seem more appropriate due to its lower cost. As many later find out, the lower costs also mean they are not getting the advice they need or are being plagued by hidden fees.

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Do Your Employees Understand the Virtues of Market Volatility in Their 401k?

Submitted by Life, Inc. Retirement Services on September 11th, 2015

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All it takes is a quick 600 point drop in the stock market to fray the nerves of 401k investors. But who can blame them with the devastating crash of 2008 still fresh in their memories. 401k participants lost, on average, 40 percent of their retirement account balances causing many to completely rethink their retirement plans.

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Hey Plan Sponsors: What’s In Your 401(k) Plan?

Submitted by Life, Inc. Retirement Services on August 15th, 2015

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We recently came across a large 401k plan with more than 30 funds in its fund lineup! Sadly, I wish I could say this was the exception, but we actually see this in many 401(k) plans when they first come to us from another provider.

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What Question Should Your Company Be Asking About Its 401(k) Every Year?

Submitted by Life, Inc. Retirement Services on August 4th, 2015

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Just as most 401k plans are unique in their offerings and operations, so too are the investment committees that should be formed to guide them. However, in confronting the critical issues facing employers in the management of their plans, all employers, and their investment committees should address one key question, if not quarterly, at the very least, annually.

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