Esther Kim - ForUsAll 401k Blog

Five 401(k) best practices for your company’s plan

Offering a genuinely helpful 401(k) plan can be tricky. If you’re tapped out on resources or lack the expertise, it’s hard to keep all of the compliance requirements in order, give employees relevant investment advice and even ensure that the employees are getting the most out of

401(k) Fiduciary Requirements

Department of Labor Fiduciary Rule: What Will Change

As a registered investment advisor and an ERISA 3(38) fiduciary, the ForUsAll team is a big fan of the Department of Labor’s fiduciary rule aimed at stopping advisers from putting their own interests before employees in 401(k) plans. From the Department of Labor’s calculations, the new

401(k) Fiduciary Requirements

DOL Fiduciary Rule: What is the BIC Exemption (and why should you care)

The Department of Labor passed a ruling in 2016 mandating that anyone who provides investment advice on 401(k) and 403(b) plans must act in the best interest of their clients. In practice, this means providers must get rid of fee structures that create conflicts of interest between the

401(k) Fiduciary Requirements

3(21), 3(38), or 3(16): Find the Right 401(k) Fiduciary Services For You

Hiring an ERISA 401(k) fiduciary to take on 401(k) fiduciary services protects your company by officially delegating most of the work on the 401(k) plan. After hiring a fiduciary, your company can lean on ERISA plan experts to get investment advice, feel confident that an investment manager

Safe Harbor 401(k)

ForUsAll Launches the Safe Harbor 401(k) Resource Center

****Our 401(k) advisor team at ForUsAll is excited to announce a new resource for HR, finance, and benefits teams. The new Safe Harbor Plan Resource Center will arm your team with plenty of information, tools, and insights to help you decide whether a Safe Harbor 401(k) plan is

401(k) Fees

401(k) Fee Disclosures: Even Disclosed Fees Can Be Confusing

408(b)(2) and **404(a)(5) disclosure documents were designed to shed light on fees, but fee details often remain in the shadows. Since 2012, ERISA rules have required 401(k) providers to disclose fees that are charged to plan sponsors. The rules also require plan sponsors to disclose

ForUsAll

Your ticket to a better 401(k) plan

Making it easier for people to save for retirement includes throwing out the poorly designed, high-fee, frustrating 401(k) plans sitting inside so many companies today. For those employers and employees who have had enough, we’ve made it easy for you to say yes to a better plan. So

401(k) Fiduciary Requirements

Did you hire a 401(k) fiduciary or a broker?

Update: The Department of Labor adopted a rule mandating all 401(k) advisors now put their clients interests ahead of their own. The Department of Labor Fiduciary Rule will go into effect in 2017. If you already have a suspicion that your 401(k) advisor is not a fiduciary, and

401(k) Fiduciary Requirements

401(k) Fiduciary Handbook: Reducing Your Liability As a Plan Sponsor

We asked ourselves: “Why do organizations still struggle with understanding their 401(k) fiduciary responsibilities?” We saw that organizations’ efforts and spending on finding and hiring benefits brokers and compliance experts was increasing every year, but we also found that many companies were left unaware of how much fiduciary responsibility

403(b)

401(k) vs 403(b): Differences In Investments, Compliance, and Administration

Whether you’re benchmarking your nonprofit’s current retirement benefit or growing out of your current solution, ForUsAll has compared the main differences between 403(b) and 401(k) plans. In the past, 403(b) plans were easier to administer for many nonprofits – so your nonprofit’s first retirement plan

401(k) Providers

401(k) Provider Shopping Guide: 15 Questions to Ask When Comparing 401(k) Plan Providers

So you’re shopping for an improved 401(k) plan, congrats! Whether you inherited a clunky plan from your predecessor or you’ve outgrown your current solution, there’s a lot to keep track of. The good news is with the Department of Labor cracking down on bad 401(k)

401k Administration

Do’s and Don’ts for Managing a 401(k) Plan

Successfully administering a 401(k) plan is challenging. Those that do it well often have investment and compliance experts to lean on. Many companies offer a 401(k) in their benefits lineup to attract and retain employees, but most HR and Finance teams are left to administer the plan on

Safe Harbor 401(k)

Safe Harbor 401(k): How to avoid this costly option

Safe harbor plans exist for employers to avoid two tests the IRS runs every year, known as nondiscrimination tests — but safe harbor plans are costly. Given such a high cost of offering an employer match, it’s important to remember they are NOT always necessary and to consider alternative ways

401k Administration

Could your employer be your best financial adviser?

I read a lot of finance articles, just comes with the turf as a content marketer at ForUsAll. And for the most part, my favorite sources of content are from bloggers and podcasts. I went on a search to find really good content on how employers can offer employee benefits