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Retirement Services & Financial Advisors​ - Serving Columbus & Beyond

Proposed Fiduciary Rule Change for 401ks, What Your Company Needs to Know

Submitted by Life, Inc. Retirement Services on April 17th, 2015

401k Advisors Investment Fees Fiduciary Duties 401k Fees Fiduciary

Making good on a promise made by President Obama earlier in the year, the Department of Labor has come out with its highly anticipated proposed rule that would require any broker who advises a retirement plan to act in a fiduciary capacity – that is, to act in the best interest of the client.

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404(c), The Frequently Missed & Misunderstood Protection for 401(k)s

Submitted by Life, Inc. Retirement Services on April 6th, 2015

401k Advisors Investment Fees Fiduciary Duties Solo 401k Fiduciary

Most company 401k plans offer individual account plans in which participants direct their own investments, so should be taking advantage of Section 404(c) of ERISA. This is the provision that frees you and your company of certain fiduciary liabilities for the investments they offer.

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Is Employee Investment Education Part of Your Fiduciary Duties?

Submitted by Life, Inc. Retirement Services on March 31st, 2015

401k Advisors Investment Fees plan design Fiduciary Employee Education

It’s no secret that government agencies have been stepping up their oversight of employer-sponsored retirement plans in recent years.

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401k Supreme Court Case puts all Plan Sponsors Under Magnifying Glass

Submitted by Life, Inc. Retirement Services on March 10th, 2015

401k Advisors Investment Fees plan design 401k Fees Fiduciary proactive

Recent multi-multi-million dollar class action settlements by Nationwide, Mass Mutual and Lockheed Martin are only the latest wakeup calls for plan sponsors who are coming under magnified scrutiny by employee groups and advocates.

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Why a QDIA Should Be a Part of Your Company 401(K) Plan

Submitted by Life, Inc. Retirement Services on March 3rd, 2015

401k Advisors plan design Fiduciary Fiduciary Advisor

To the consternation of many plan sponsors, nearly one-third of eligible employees forego participation in their 401k or 403b plans. The percentage is slightly higher, around 38 percent, for smaller plans which are already struggling to achieve cost efficiencies.

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What it Means to be a Prudent Investment Steward

Submitted by Life, Inc. Retirement Services on February 13th, 2015

401k Advisors Investment Fees Fiduciary

The most heavily scrutinized fiduciary duty of a plan sponsor is its role as an Investment Steward, which also extends to members of the plan’s investment committee, trustees, and anyone else who is involved in the oversight of investment decisions for the plan.

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We Hate to See You Go, But Take Your 401(k) With You

Submitted by Life, Inc. Retirement Services on February 10th, 2015

401k Advisors Fiduciary proactive terminated participants

With the heavy emphasis by plan sponsors on increasing plan participation and deferrals, another, potentially larger, challenge often simmers on the back burner. For many small to mid-size plans, the growing pool of terminated participants could begin to boil over, wreaking havoc on recordkeepers and significantly increasing plan costs.

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Safe Harbor 401k with Age-Weighted Profit Sharing: A Win-Win for Businesses

Submitted by Life, Inc. Retirement Services on January 29th, 2015

401k Advisors plan design Age Weighted Safe Harbor

For many small businesses comprised of one or several highly compensated employees and a few non-highly compensated employees, the Safe Harbor 401k plan may be the best option if maximizing contributions is a primary objective. Safe harbor plans effectively remove the barriers of discrimination testing that limits the amount that can be contributed for highly compensated employees.

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What Was Left out of the State Union?

Submitted by Life, Inc. Retirement Services on January 22nd, 2015

401k Advisors plan design Retirement Changes SOTU Retirement

Proposed Changes to Retirement Plans

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For Smaller Employers: Better to be SAFE than SIMPLE?

Submitted by Life, Inc. Retirement Services on January 17th, 2015

401k Advisors plan design 401k 401k plans

For businesses with less than 25 employees, the allure of adopting a SIMPLE IRA as their employer-sponsored retirement plan is very tempting. Simple to set up – just set up an IRA for each eligible employee; and there is no administration. The required matching contribution is only 3 percent, and only on actual salary deferrals.

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