Tag: 401(k)

The holiday season is a wonderful time to spend with family and friends. The spirit of giving that surrounds the holidays can serve to strengthen these relationships and bring people closer. Unfortunately, this same spirit of generosity can bring with it the temptation to spend more than you’re comfortably able. If you find yourself wanting […]

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We all know that it’s important to create and maintain a solid company culture by offering benefits to employees and future hires. Deciding to implement a 401(k) plan into the company’s benefits package is a great place to start, but many company owners and executives initially shy away from establishing a 401(k) plan because they […]

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401(k) plans can be complex due to the number of service providers required to make a plan run. This typically includes your Recordkeeper, TPA, Custodian, Advisor, Broker, Auditor, and Plan Fiduciaries.  After outlining the roles of these service providers in a previous article, we had a few clients request a breakdown more specifically on plan […]

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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 […]

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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 […]

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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 […]

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Recently while browsing the internet for news about the stock market, I came across an article that asked the question, “Is your 401(k) foolish?” Although at first glance I laughed, it made me think about how true this statement actually is. For most, a 401(k) plan is the main vehicle for saving retirement and one […]

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A 401(k) Plan Sponsor has a fiduciary duty to Plan Participants and by default is typically acting as the plans 3(38) Investment Manager.  As such, their duty includes selecting, monitoring, benchmarking, and managing the investment options. With that being the case, many of the sponsors that we talk to, or even the advisors that they […]

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At BenefitGuard, we are working with more advisory firms every month that want to sell our advisor-friendly 401(k) solution to their clients.  More recently however, we have been working with advisory firms who aren’t just looking to use our solution with new clients, but are also looking to consolidate their existing plans with a single […]

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