Archive for November, 2018
Friday, November 30th, 2018
- Prepare to send year-end payroll and updated census data to the plan’s recordkeeper in January for year-end compliance testing (calendar-year plans).
- Verify that participants who terminated during the second half of the year selected a distribution option for their account balance and returned the necessary
- Review plan operations to determine if any ERISA or tax- qualification violations occurred during the year and if using an IRS or DOL self-correction program would be
Consult your plan’s financial, legal or tax advisor regarding these and other items that may apply to your plan.
Tags: december, finance, financial planning, taxes
Posted in Uncategorized | Comments Off on December Checklist
Tuesday, November 27th, 2018
[Written by Carla Seely]
Organizing and planning for your family’s financial well-being can be challenging at the best of times. However, there are many challenges involved in managing and maintaining a household as a single parent. Being a single parent means you have less money to spare, and there is a pressing need to have a solid long-term financial plan because in most cases there are no alternative sources of income. (more…)
Tags: budgeting, college fund, debt management, estate planning, financial planning, life insurance, retirement planning, savings, single parent
Posted in Uncategorized | Comments Off on Planning Finances As A Single Parent
Sunday, November 18th, 2018
If your 401(k) plan offers participants the opportunity to invest in a managed account or a target-date fund (TDF), yours is among the majority. These options give employees access to professional investment assistance, which in turn, may help them achieve higher returns, according to a recent paper. (more…)
Tags: investments, managed account, target-date fund, tdf
Posted in Uncategorized | Comments Off on Investment Assistance Via Managed Accounts, TDFs
Tuesday, November 13th, 2018
This is a quarterly reminder to take advantage of Open Enrollment at your company, which usually happens in November. This is a good time to make sure you are maximizing your retirement account contributions, adjusting tax withholdings for the upcoming years, and checking your overall benefits such as life insurance, health savings accounts (HSAs) or flexible spending accounts (FSAs).
Tags: 401K, benefits, company, employee, finances, flexible spending accounts, health insurance, health savings accounts, open enrollment, retirement
Posted in Uncategorized | Comments Off on Open Enrollment Season
Thursday, November 8th, 2018
Most investment experts talk about the benefits of diversification — essentially, mixing some stocks, bonds and cash in your portfolio. Having too many eggs in one basket, so the reasoning goes, means that you could wind up with broken eggs if the basket falls.
(more…)
Tags: assets, bonds, diversification, interest rate
Posted in Uncategorized | Comments Off on Bond Funds May Help Diversify Your Portfolio
Tuesday, November 6th, 2018
Fiduciary training can help protect individual fiduciaries, the plan as a whole — and, of course, the participants.
(more…)
Tags: employee, fiduciary, fiduciary training
Posted in Uncategorized | Comments Off on Helping Employees Stay on the Right Side of Their Duties as Fiduciaries
