The Switch: SIMPLE IRA to a 401(k) Plan

7 Things to Consider Before Switching from a SIMPLE IRA to a 401(k) Plan Many businesses looking to start a retirement plan for their employees choose to utilize the SIMPLE IRA plan. There are several reasons business owners make this decision, including the low administration burden and reduced cost. However, as a company grows it […]

Hiring the Right Advisor for Your 401(k) Retirement Plan

 From managing growth opportunities and hiring the right people, to navigating laws set forth by the Department of Labor and maintaining employee engagement, it is clear that small business owners have a lot on their plate. With so many irons in the fire, oversight of the company 401(k) retirement is an area that often suffers. […]

Distinction of the Section 3(38) Investment Fiduciary

Retirement plan sponsors should carefully consider their own fiduciary duties as well as the responsibilities of third-party advisors hired to help manage plan assets. The Employee Retirement Income Security Act of 19974 (ERISA) sets out comprehensive standards of conduct for those who manage an employee benefit plan. Depending on their authority and responsibilities, many of […]