401(k) Providers

Anson Blog

March 12, 2018

Owner-Only Businesses Might Benefit From a Solo 401(k)

The Solo 401(k) A retirement savings vehicle designed for the smallest businesses. Provided by Sam Sweitzer, CFA   A solo 401(k) lets a self-employed individual set up a 401(k) plan combined with a profit-sharing plan. You can create one of these if you work for yourself or for […]
July 3, 2017
ERISA 404(c)

The Nuances of ERISA 404(c)

Section 404(c) of the Employee Retirement Income Security Act (ERISA) can be detrimentally misunderstood. Though many plan sponsors claim to be covered under it, not everyone fully understands how to implement it correctly. If not well understood, the gaps left can leave plan sponsors open to legal challenges. […]
June 26, 2017
Written Retirement Plan

6 Components of a 401(k) Investment Policy Statement

Though not technically required by the Department of Labor, an Investment Policy Statement offers 401(k) plan sponsors well-defined criteria and principles for prudently overseeing the operations of their plan. The IPS document can provide policies for investment selection and monitoring as well as be the guide by which […]
June 12, 2017

What are 3(16), 3(21), and 3(38) Fiduciaries?

A fiduciary is a person or organization that owes to another the duties of good faith and trust. A person in this role is bound ethically to act in the other’s best interest. Plan sponsors of retirement plans can pass on certain fiduciary responsibilities to service providers. This […]
May 31, 2017
Millennial

Millennials and the 401(k)

In all sectors of business, people are talking about Millennials. This generation, or those born from the early 1980s to the early 2000s, has shifted the status quo. Their worldview, their desires, and their expectations have presented a new challenge for businesses. So how does this emerging workforce […]
May 26, 2017
Target Date Fund

The Benefits of a Target Date Fund

Investors who have been automatically enrolled in their company’s 401(k) plan have a good chance of being placed in a Target Date Fund. TDFs are increasingly popular among 401(k) plans and can be a wise investment choice for participants of all ages. Though one of the benefits of […]
May 19, 2017
Plan Committee

Best Practices for 401(k) Retirement Plan Committees

Many 401(k) plan sponsors choose to create committees to help manage the company’s retirement plan. These are typically called “retirement plan committees” or “administrative committees.” Since this group of people is responsible for making policy and investment decisions for their company’s plan, their fiduciary responsibility is significant. Retirement […]
May 5, 2017

Litigating Fees and Prudence- How do they relate?

Much of the current litigation against 401(k) providers addresses the improper allocation of fees under the Employee Retirement Income Security Act (ERISA) section 406. But is it possible that the actual argument falls under ERISA section 404, the prudence standard? How is litigating fees and litigating prudence connected? […]
April 28, 2017

Benchmarking Fees for 401(k) Plans

Fee transparency has become a major focus of the Department of Labor in recent years. It is incumbent on plan sponsors to document that they are meeting all requirements for fee evaluation. Sponsors should guarantee that all compensation paid to service providers is reasonable in terms of the […]
April 26, 2017

The Odds of Beating the Odds

Only 17% of U.S. equity mutual funds have survived and outperformed their benchmarks over the last 15 years.  When it comes to choosing the funds for a company’s 401(k) plan, the truth is that the deck is stacked against the decision-maker. A study by the Wall Street Journal […]
April 19, 2017

Step by Step: Improving 401(k) Plan Outcomes

The 401(k) is an important component of an employee’s retirement, and a well-run plan can be the star of an organization. As an employer, one’s goal should be to guide participants toward their retirement goals through the 401(k) provided. Here are a few steps that could help increase […]
April 12, 2017

Structuring a 401(k) Plan Committee

Structuring a 401(k) Plan Committee is a fiduciary duty, but it does not have to be a daunting one. A 401(k) Plan Committee is the crux of a plan’s governance. This efficient decision-making team for the 401(k) plan brings together different perspectives and ideas for the development of […]