The Cost of Hidden Fees
A new study has revealed that the majority of 401k plan participants in small businesses are paying hidden fees. The impact to retirement savings is significant. Regulatory efforts have been stepped up. Here is what…
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Cyber Theft and Retirement Accounts
As cyber theft from retirement accounts rises, plan sponsors need to act on the guidance issued this spring by the Employment Benefits Security Administration (EBSA). Importantly, this includes communicating with plan participants about protecting their…
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88,000 Square Feet Along the River?
What would you build with that? How about constructing a snake run, a flow bowl and an amoeba pool? Sounds like a $6.1 million skatepark, right? After 17 years of planning, fundraising and building…
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Dig This?
For years, building a new rail tunnel under the Hudson River has been deemed a “top priority” infrastructure project for the New York-New Jersey region—and the country. Finally, a plan and funding are coming…
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Wills: Terminology Explained
As you move from thinking you “should” make a will to getting on with doing so, you might encounter some confusing legal terminology. Don’t let that stop you. Here are a few basic terms to…
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Avoiding Conflict When Executing a Will
When you execute the will of a family member or friend, you are likely to find yourself coping with high levels of emotion as well as the legalities of the probate process, as you honor…
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Excel at Execution: Will You?
When the time comes to execute the will of a loved one or friend, you may find yourself with a growing list of duties and chores you didn’t quite anticipate when you accepted the…
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Audit Alert: Are You Ready?
When plan participants make complaints, take them seriously from the beginning. In addition to the threat of an ERISA lawsuit, you could also find yourself getting a call from the Department of Labor (DOL) to…
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Commit To Portability
As the employment disruptions set in motion by the pandemic continue for businesses and their workers, it’s an important time for plan sponsors to facilitate the portability of retirement accounts between companies. Job path…
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