Finding the Right Retirement Plan Recordkeeper for Your Client

Posted by Thomas Crutchfield, CFP, AIF, PPC

July 18, 2018 at 1:30 PM

It’s a common misconception that all retirement plan recordkeepers are the same. But in my view, each provider has differentiating strengths to consider. If you choose a recordkeeper without taking into account all of the interested parties, you may end up with a recordkeeper who doesn’t meet the needs of the plan participants, the third-party administrator (TPA), or your practice—which is ultimately not the best choice for your client, either.

Set your client up for success from the start with this four-step process for finding the right retirement plan recordkeeper.

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Topics: Retirement Consulting

Should You Partner with a 3(38) Fiduciary Service Provider?

Posted by Mathew Powers, CFA, AIF

July 17, 2018 at 10:00 AM

As a retirement plan advisor, should you partner with a 3(38) fiduciary service provider? Here, we’ll consider the benefits of this type of partnership, as well as important factors to keep in mind when making this decision. But before we dive in, let’s start by looking at the defining characteristics of a 3(38) fiduciary.

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Topics: Retirement Consulting

Implementing a Consistent Retirement Plan Oversight Process

Posted by Mathew Powers, CFA, AIF

April 4, 2018 at 1:30 PM

If you're like many retirement plan advisors, saving time is among your most important goals. One area ripe with opportunity for improving efficiency and scale? Your plan-level investment services. By implementing a consistent retirement plan oversight process, these services will naturally become repeatable and streamlined. Let’s take a look at how leveraging guidelines, technology, and trusted partners can help you put such a process in place.

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Topics: Retirement Consulting

How to Run a Successful Retirement Education Campaign

Posted by Steve Johnian

April 3, 2018 at 10:00 AM

Many employees struggle with saving for retirement for a variety of reasons. For starters, they face incredible inertia when it comes to simply enrolling in a retirement plan. Lack of financial knowledge is another big barrier that stymies their ability to properly manage their day-to-day personal finances and—for those who have enrolled in a retirement plan—put enough aside for their future and properly allocate their investments.

As these problems tend to spill over into the workplace, retirement education campaigns can go a long way to break down some of the barriers that prevent employees from adequately preparing for retirement—while also increasing employee productivity at work.

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Topics: Retirement Consulting

Required Minimum Distributions: A Primer for Financial Advisors

Posted by Steve Johnian

March 7, 2018 at 1:30 PM

As you are likely aware, there are varying rules when it comes to required minimum distributions (RMDs) from retirement accounts—both IRAs and qualified plans. As you also know, for your clients who have reached the age when they need to start taking retirement income, these rules can be quite confusing. To help you provide some clarity to your RMD conversations, I’ve created this brief primer that answers common questions, highlights frequent scenarios, and points out errors to avoid.

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Topics: Retirement Consulting

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