News and Commentary

/News and Commentary

Study: Employees are Financially Stressed and What it Means to your Business

Study: Employees are Financially Stressed and What it Means to your Business I read in the paper today (Star Tribune, 1/1/2018: “Helping workers solve money angst”) some amazing figures.  According to the surveys that were cited, there are a considerable number – a third - of employees who feel uncertainty about money.  These folks think [...]

Study: Employees are Financially Stressed and What it Means to your Business 2018-01-11T15:05:17+00:00

Market Outlook 2018

RETURN OF THE BUSINESS CYCLE OVER THE PAST EIGHT YEARS, extraordinarily accommodative monetary policy has served as the primary catalyst for spurring continued economic growth in the U.S. and around the globe. Although the economic expansion has delivered steady gross domestic product (GDP) growth, consistent returns for the broad stock market, and an improving job [...]

Market Outlook 2018 2018-01-04T11:46:47+00:00

Evaluating Your Fiduciary Process

Evaluating Your Fiduciary Process Believe it or not, an efficient retirement plan committee does not happen by chance. The “best practices” your committee upholds form the foundation for a prudent process creating an opportunity for employees to pursue their retirement goals. Companies of any size can benefit from a consistent process and should consider implementing [...]

Evaluating Your Fiduciary Process 2018-01-04T10:56:42+00:00

Customizing Plan Design

NO “ONE-SIZE-FITS-ALL” PLAN 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. The simple truth is that there is no one-size-fits-all version of a retirement plan; and [...]

Customizing Plan Design 2018-01-04T10:56:42+00:00

The Gucci 401(k) Plan Lawsuit

I read an article today about Gucci and a lawsuit they are facing about excessive fees in their 401(k) plan. The plaintiffs in this case are the employees. The employees allege they are being over-charged and it appears they are. Like many employers, they selected a 401(k) plan record keeper that offers a turn-key platform [...]

The Gucci 401(k) Plan Lawsuit 2017-10-02T16:12:48+00:00

When Life Insurance Becomes Taxable

Consider these facts on aging from the 2010 Census¹: The highest growth rate for a 10-year age group within the older population (age 65+) was for men 85 to 94 years old (+46.5 percent). Women in this age group grew by 22.9 percent. Men 90 to 94 years old had the fastest growth rate (+50.3 [...]

When Life Insurance Becomes Taxable 2017-10-02T15:52:39+00:00

Social Security Benefits: How Much Will I Receive

Next to “When should I claim Social Security benefits?” one of the more common questions people have is “How much will I receive?” Calculating your potential Social Security benefit is a three-step process: Calculate Your Average Indexed Monthly Earnings (AIME): The highest 35 years of indexed earnings is added together. It is then divided by [...]

Social Security Benefits: How Much Will I Receive 2018-01-04T10:56:42+00:00