Apr 01

How The CARES Act Could Impact You

With the passing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, I wanted to highlight a few of the critical points that could impact you and your family. Tax Rebates Taxpayers with no tax liability would receive $600, and the amount increases dollar for dollar for those with a tax liability up to […]

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Mar 30

Peace of Mind When it Matters Most

Last week stock markets were in rally mode as the $2 Trillion stimulus bill was passed, and President Trump indicated that some businesses could be up and running by Easter. Trading in the stock markets last week took the stance as if the War against the coronavirus will soon be over.  How do we know?  […]

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Mar 26

7 Investment Selection & Monitoring Best Practices for Your 401(k) Plan

ERISA’s standard of prudence for Fiduciaries is not that of a prudent layperson but rather that of a prudent investment professional.  A plan Fiduciary must act “…with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use…” A […]

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Mar 26

How to Establish a 401(k) Plan Investment Committee

No matter the size of your company, having an investment committee overseeing your employer-sponsored retirement plan is a critical Fiduciary responsibility. Your committee could consist of any amount of people, including as few as two.  However, the key membership criteria are that you’re your committee should all be qualified members.  It is better to have […]

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Mar 26

How to Understand Your Role as a 401(k) Plan Fiduciary

One of the key tenants of any employer-sponsored retirement plan, such as a 401(k) is your role and responsibility as a Fiduciary. A Fiduciary as defined in ERISA is somehow who: Exercises discretion over the management of the plan or any authority over plan assets; Renders investment advice for a fee or other compensation, directly […]

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Mar 06

What is Financial Wellness and Why it Matters to Your Business

Your employees are juggling multiple challenges. No matter what stage of life they’re in, financial stressors often top the list. Student loans and other debts bog down millennials who are just getting started. Members of Generation X may be in the prime of their careers but are pinched caring for children and aging parents. Baby […]

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