In the 401(k) marketplace, you can occasionally find separate companies that will sign onto your 401(k) plan in the role of 3(38) Investment manager, and even 3(16) Plan Administrator. However, when sponsors engage these separate companies, their combined plan services often become fragmented and expensive. BenefitGuard is the only provider in the market that appoints […]

Read More

When referring to 401(k) audits, most plan sponsors understand the basic concepts of the annual audit attached to the IRS Form 5500 for plans greater than 100 participants. The auditor is onsite for a couple of weeks and gathers the needed information pertaining to the financials of the plan. But what happens when the government […]

Read More

The BenefitGuard solution for 401(k) plans is unique in that BenefitGuard signs and acts in the primary fiduciary roles so that the employer does not have to. BenefitGuard acts as the 3(16) Plan Administrator and the 3(21) Named Fiduciary. But there is another important fiduciary role that BenefitGuard fills and that is the 3(38) Investment […]

Read More

One of the things that makes a BenefitGuard 401(k) plan different than most is that BenefitGuard signs and acts as your 3(16) Plan Administrator. As we explain this to prospective clients, especially those implementing a plan for the first time, they often ask questions about the role and responsibilities of a 3(16), so we thought […]

Read More

There are over 600,000 registered investment representatives in the United States that work out of over 30,000 advisory firms. Not all of those advisors work with 401(k) plans. There are many advisors that advise on 401(k) assets on an individual basis without being the named advisor for the plan. A plan advisor would generally have […]

Read More

Since the inception of index tracking, or passively managed funds, the question has been, which is a better approach for investing over the long haul – actively managed, or passively managed? While the question would most definitely spark debate in a room full of investment managers and financial gurus, the numbers speak for themselves.   […]

Read More

At BenefitGuard, we do a lot of 401(k) enrollment meetings. Some of those meetings are in person, some are live webinars, some are run by HR managers or financial advisors, and others are pre-recorded web videos.  Regardless of the meeting format, we’ve found that the right preparation, execution, and follow-up to the meeting are huge […]

Read More

The Employee Retirement Income Security Act of 1974 in section 412 requires that 401(k) plan fiduciaries maintain a fidelity bond to “provide protection to the plan against loss by reason of acts of fraud or dishonesty”. Despite these bonding requirements, many plan sponsors are not adequately bonded. In order to help plan sponsors understand and […]

Read More

« Previous PageNext Page »