401k The Right Way
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2014 Review and 2015 Opportunities - Northwest Plan Services

2014 Review and 2015 Opportunities - Northwest Plan Services | 401k The Right Way | Scoop.it
Here's a recap of NWPS 2014 and opportunities for us and our partners in 2015
NWPS's insight:

2015 opportunities?  Mid-size professional service firms, multiple employer plans, non-profits and a few JUMBO wins please

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Common Retirement-Account Misconceptions – At A Glance

Common Retirement-Account Misconceptions – At A Glance | 401k The Right Way | Scoop.it
Forget for a moment whether you are saving enough for retirement. Do you actually know how to get the most out of your retirement account?
NWPS's insight:

Nice variety of experts here sharing thoughts about retirement saving and income.

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American Attitudes on DC Plans

NWPS's insight:

Yes, it is from the Investment Company Institute, but good info in here.  I get annoyed by all the "401k's are bad and can't we just go back to when everyone had 100% Funded pension plans" BS

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PLANSPONSOR - 408(b)(2) Enforcement Has Arrived

PLANSPONSOR - 408(b)(2) Enforcement Has Arrived | 401k The Right Way | Scoop.it
NWPS's insight:

Nice article by Fred Reish - sounds like a pretty high bar to meet DOL Standards . . .

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Thinking of jump-starting your DC plan? You’re not alone

Thinking of jump-starting your DC plan? You’re not alone | 401k The Right Way | Scoop.it
If 401(k) plan sponsors want to help participants with retirement readiness, it might be a mistake to let plan design remain static. Vanguard’s Jane Greenfield reports on how sponsors are rethinkin...
NWPS's insight:

Published a few months ago - but still timely advice

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The Rube Goldberg Theory of 401(k) Plan Fee Disclosure

The Rube Goldberg Theory of 401(k) Plan Fee Disclosure | 401k The Right Way | Scoop.it
Paying too much for your 401(k) plan, however, is like a leak in your gas tank; the ultimate effect is that neither is going to take you as far as you need to go....
NWPS's insight:

I hope, as an industry, we can do better than this

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US | 8 + 8 Resolutions for Retirement Plan Sponsors and Participants in 2015

US | 8 + 8 Resolutions for Retirement Plan Sponsors and Participants in 2015 | 401k The Right Way | Scoop.it
2015 is the year of the sheep according to the Chinese calendar. Here are some New Year's resolutions for plan sponsors and participants who prefer not to follow the herd when it comes to retirement programs.
NWPS's insight:

Solid checklist going into the 2015 from Xerox HR Services

 

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Vanguard - What you should know about plan audi...

Vanguard - What you should know about plan audi... | 401k The Right Way | Scoop.it
Vanguard - What you should know about plan audits on The 401k Study Group ® curated by Chuck Hammond, PPC, CMFC
NWPS's insight:

If your TPA/Recordkeeper is doing what they should be, and you have a good RIA then plan sponsors should not be worried about audits!

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401k Rollover « Pension Policy Center

401k Rollover « Pension Policy Center | 401k The Right Way | Scoop.it
NWPS's insight:

More than you ever wanted to know about 401k rollovers - from the Pension Policy Center

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How 401(k) Conflicts Can Stunt Your Nest Egg

How 401(k) Conflicts Can Stunt Your Nest Egg | 401k The Right Way | Scoop.it
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It's hard enough to get a nest egg put together - let's not make it harder by enriching the providers unnecessarily

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PLANADVISER.com - Simple Is the New Black in Participant Engagement

PLANADVISER.com - Simple Is the New Black in Participant Engagement | 401k The Right Way | Scoop.it
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We need to make it easier for people to make good investment decisions - not harder.  Simplicity rules.

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Why 401(k) investment choices don’t matter anymore | BenefitsPro

Why 401(k) investment choices don’t matter anymore | BenefitsPro | 401k The Right Way | Scoop.it
The smart plan sponsors are now requiring service providers to frame investment due diligence not just in traditional terms, but in the new language of behavioral finance.
NWPS's insight:

Excellent article by Chris Carosa - let's design plans for participant success.

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Northwest Plan Services Acquires CDM Retirement Consultants | PRLog

Northwest Plan Services Acquires CDM Retirement Consultants | PRLog | 401k The Right Way | Scoop.it

Northwest Plan Services Acquires CDM Retirement Consultants. Leading independent retirement plan service provider expands footprint and services.

NWPS's insight:

This is our first acquisition - and adds a nice East Coast presence to our service footprint without any duplication.

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The Best Online Tools for Retirement Planning and Living - Wall Street Journal

The Best Online Tools for Retirement Planning and Living - Wall Street Journal | 401k The Right Way | Scoop.it
To help you get the most out of retirement, a growing array of apps and websites offer assistance with budgeting, Social Security questions, lifestyle planning and many other essentials.
NWPS's insight:

Turns out each plan sponsor doesn't need to have their own app . . .

 

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2014 Review and 2015 Opportunities - Northwest Plan Services

2014 Review and 2015 Opportunities - Northwest Plan Services | 401k The Right Way | Scoop.it
Here's a recap of NWPS 2014 and opportunities for us and our partners in 2015
NWPS's insight:

2015 opportunities?  Mid-size professional service firms, multiple employer plans, non-profits and a few JUMBO wins please

more...
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401k Plan Excessive Fee Lawsuits

401k Plan Excessive Fee Lawsuits | 401k The Right Way | Scoop.it
Bitly. The power of the link.
NWPS's insight:

Here is a link to a bundle containing most of the big 401k plan excessive fee class action lawsuits

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Big Changes Coming For 401(k)s

Big Changes Coming For 401(k)s | 401k The Right Way | Scoop.it
Michael Abbott�s 401(k) retirement plan is more transparent than most -- which isn�t a high bar to clear.

Abbott is a partner at Gardere Wynne Sewell LLP, a Houston law firm that charges employees a flat fee of about $100 annually to cover the cost of administering the accounts. Most U.S.
NWPS's insight:

Good article here - especially for smaller plan sponsors

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The power of incentives in retirement plans

The power of incentives in retirement plans | 401k The Right Way | Scoop.it
Borrowing from workplace wellness programs, plan sponsors may want to consider providing incentives to boost or start employees retirement savings.
NWPS's insight:

I think we are finally going beyond the iPad giveaway . . .

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Roth IRAs and 401(k)s: Answers to Readers’ Questions

Roth IRAs and 401(k)s: Answers to Readers’ Questions | 401k The Right Way | Scoop.it
A recent Weekend Investor cover story discussed the advantages of Roth accounts. Readers asked for more.
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PLANADVISER.com - DOL Collected Almost $600 Million in 2014 Enforcement Actions

PLANADVISER.com - DOL Collected Almost $600 Million in 2014 Enforcement Actions | 401k The Right Way | Scoop.it
NWPS's insight:

Way down from last year, but there are good reasons why - different measurement base and one very large settlement last year.

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DC plans wary of auto re-mapping participant assets

DC plans wary of auto re-mapping participant assets | 401k The Right Way | Scoop.it
Few plan sponsors have bought into the idea of annually automatically re-enrolling participants in a qualified default investment alternative, such as a target-date fund, as a means of assuring that their assets are allocated in a manner experts would consider appropriate for retirement investing.
NWPS's insight:

I think plan sponsors need to be more aggressive on these questions 

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