Beneficiary Designations: Essential Practices
The fiduciary duties of retirement plan sponsors apply to both the interests of participants and beneficiaries. Accordingly, it is essential for plan sponsors to make sure the processes for designating, reviewing and updating beneficiaries…
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Assessing New Products?
As plan sponsors across the country wander into the swirl of lifetime income options becoming available, ERISA experts remind them to stay focused on the essence of their fiduciary duties–prudence and loyalty–whenever assessing plan…
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Better Bids? Here’s How…
Winning more profitable projects requires generating more and better leads, as well as determining the right builds to go after. Of course accurate estimates based on the most up-to-date intel and strong financial resources…
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It Pays Off: Training
Despite the pressure on hiring and getting new talent going fast, it’s best not to skimp on time and effort when it comes to onboarding and training. Indeed, careful attention to new employees is…
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Digital Assets: Inventory and Plan
Dabbling in cryptocurrency more than your family knows? Tucked away emergency funds in a purely online bank? Most of us are incrementally accumulating more digital assets than we realize. Whether of actual or sentimental…
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Assets Not To Put In A Trust?
Setting up a revocable trust is relatively easy, allows for flexibility and helps with a number of estate planning goals, including by-passing the public process of probate. Nonetheless, there are several categories of assets…
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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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