Irrevocable Trusts: Modification?
There are important reasons, including shielding and protecting assets, for choosing an irrevocable trust as an estate plan anchor. Nonetheless, “never” being able to modify plans can be a constraint if life takes unexpected…
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Millennials and Estate Planning?
Yes, it’s time. Millennials have been busy growing up, working, getting married, buying homes, and having kids. Estate planning is an important way to ensure assets and affairs are organized. Though life will keep changing,…
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Plan Sponsor: What Not To Do
Examples of “don’ts” offer a crystal clear picture of the diligence expected of retirement plan sponsors. At the Department of Labor (DOL), the Employee Benefits Security Administration (EBSA), provides a snapshot of civil violations,…
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Clean Data?
Although retirement plan sponsors typically outsource plan administration, they remain ultimately responsible for the plan’s success, and that means plan data must be accurate and up-to-date. Of course, plan data must also be protected…
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Back To School: Fiduciary Reading List
For retirement plan sponsors, a great way to head into the fall is with a brush up on fulfilling fiduciary obligations. Fortunately, it’s easy and free to pull a reading list together: the Employee Benefits…
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Best Practice: Fiduciary Audit File
Sponsoring a 401(k) plan is a terrific way to put employees on the path to secure retirement. However, given the inherent fiduciary responsibilities and the high standards of ERISA, diligence is essential. One helpful…
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6 Building Blocks of Successful Plans
Jotting down a to-do list can be a part of planning, but is not really a plan in and of itself. Although we’d like to think time stands in the way of more robust…
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Toolbelt Generation?
ABC has estimated that this year alone, 500,000 new workers are needed in the construction industry. With builders across the country scrambling to hire and onboard new employees, it certainly comes as good news…
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Trust Assets: Takers of Last Resort?
Since trusts can be tailored to address a variety of circumstances, establishing a trust can be worth the time and effort for many families, especially when the trust agreement clearly lays out the…
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