JUNE 2025 Newsletter
Managed Accounts Offer a More Personalized Approach
Target-date funds have long played a vital role in giving American workers access to professional help when establishing and maintaining a diversified investment portfolio. However, the glide paths — the balance of stocks, bonds, and cash — that serve as the foundation for these platforms has traditionally been based on a single consideration: the participant’s projected date of retirement.
To be fair, target-date funds have...
Don’t Take Forfeitures for Granted
Retirement plans have long subjected employer contributions to vesting schedules, rewarding tenure by increasing the participant’s ownership in those contributions in proportion to their years of service.
However, several law firms have recently challenged this long-standing and common practice, arguing that using forfeitures to offset employer contributions is not...
Basic Fiduciary Obligations for New Plan Sponsors
Threats of financial penalties and legal liabilities heighten the need for proper compliance with the Employee Retirement Income Security Act of 1974 (ERISA). Let’s go over the basics of what it means to be a fiduciary in an organization’s retirement plan.
What is a Fiduciary?
In basic terms, a fiduciary is a person or group in a company that is responsible for the retirement plan and does what is best for...