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Retirement Services & Financial Advisors​ - Serving Columbus & Beyond

401(k) Supreme Court Decision Dramatically Changes the Plan Sponsor Landscape

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

401k Advisors Fiduciary Duties Fiduciary

The landscape for retirement plan sponsors continues to change with the most recent Supreme Court decision in the case of Tibble v. Edison International. In fact, the decision, which ruled in favor of the employee group, constitutes a tectonic shift in the relationship between plan participants and plan sponsors.

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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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The Advantages of a 401k over a SEP or SIMPLE for Business Owners

Submitted by Life, Inc. Retirement Services on January 5th, 2015

401k Advisors plan design Fiduciary Duties Solo 401k SBO-401K SEP IRA Simple IRA Fiduciary

For business owners, there’s no shortage of retirement plan options, each with the capacity to accept larger contributions than individual or employee plans with commensurate tax advantages. Until recently, the default options for many business owners had been the Simplified Employee Pension (SEP IRA) or the Savings Incentive Match Plan for Employees (SIMPLE IRA) chosen in large part for their low cost and simplicity. However, for business owners in the right situation, the 401k plan is quickly becoming the plan of choice for its even greater capacity and flexibility.

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