Stricter Fiduciary Standards?
As anticipated, the Department of Labor has released its proposed new fiduciary rule, which recommends redefining when “fiduciary status” is triggered for professionals who provide financial advice related to retirement savings. Serious legal challenges are…
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Top Challenges for Business Leaders?
Challenge. Change. Conflict. Disruption. Dissatisfaction. With these words playing out in the news every day, no wonder surveys are finding business owners more worried than ever about attracting and retaining talented employees. In fact, fear…
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Outsourcing Fiduciary Responsibilities?
Wisely, given the complexities, it’s common for employers to outsource the services and administration of the company sponsored 401k. Despite these arrangements, however, it’s important for plan sponsors to understand that ERISA responsibilities–and liabilities–can never…
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AI and The Duty of Prudence?
One way plan sponsors demonstrate the duty of prudence under the the standards of ERISA law is to regularly benchmark the 401k’s service providers and fees. This can be time consuming, but artificial intelligence is…
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Civil Works Keeping Builders Busy
In the Seattle region, huge private investments–think Microsoft and Amazon–were behind the previous construction boom. These days, building is still going strong but, as in much of the country, civic works are the primary driver…
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Once Upon A Time…
Marketing is about telling the story of what makes your company special, and while that seems obvious and straightforward enough, it’s actually easy to lose sight of your story while you are busy running the…
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Purpose Trusts?
Although it can be said that every type of trust has a purpose, in that it exists to accomplish the goals of the trustor who established it, not every trust is actually a purpose trust….
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Financial Forecast: Rainy Days
The disruptions of recent years have underscored the necessity of setting aside emergency savings, and one of the measures in SECURE 2.0 allows employees to do so within the company sponsored retirement plan. Plan sponsors…
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Healthcare Savings and Retirement Plans?
As it becomes harder and harder to pay for healthcare, more employers are viewing Health Savings Accounts (HSAs) as part of a “holistic retirement savings” strategy for employees. Widespread Challenges It’s not hard to…
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