Tag: Investment Oversight

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An Employer’s Guide to 401k Plans: A Four-Part Series (Part III) (Ep. 148)

An Employer’s Guide to 401k Plans: A Four-Part Series (Part III) (Ep. 148)

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Are you managing your 401(k) effectively?

Dive into the intricate world of 401(k) investment strategies with Larry Heller, CFP®, CDFA®, in this informative third installment of the “Employer’s Guide to 401k Plans“ series. This episode delves into crucial aspects such as fiduciary duties, investment selection, and fund diversity, offering valuable insights for trustees and plan participants alike.

Larry Discusses:

  • Emphasis on the vital role of fiduciary duties within 401(k) plans, spotlighting the frequently neglected responsibilities that plan participants hold as trustees
  • Detailed exploration of various investment types in 401(k) plans, including mutual funds and ETFs, highlighting those with clear objectives and transparency
  • The superior benefits of model portfolios compared to target date funds, tailored to diverse risk tolerances and investment goals
  • Introducing features like automatic rebalancing to aid participants in maintaining their desired asset allocation over time
  • The critical practice of regular benchmarking in 401k plans to ensure fee competitiveness and to raise awareness of hidden costs
  • And much more!

 

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An Employer’s Guide to 401k Plans: A Four-Part Series (Part II)

An Employer’s Guide to 401k Plans: A Four-Part Series (Part II)

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Are you confident in your mastery of 401k fiduciary responsibilities?

Continuing the engaging “Employer’s Guide to 401k Plans“ series with Larry Heller, CFP®, CDFA®, this second installment dives deeper into the crucial topic of 401(k) fiduciary governance. Building on the foundational knowledge from Part I, Larry guides listeners through the intricate responsibilities and best practices essential for effectively managing a 401(k) plan.

Larry Discusses:

  • The broad scope of fiduciary responsibility, extending beyond plan sponsors to key employees involved in plan management
  • The crucial role of adhering to the plan document as the governing ‘bible’ of the plan
  • Common pitfalls in 401(k) management, such as failing to timely notify eligible employees, and the significant consequences of these oversights
  • The pivotal role of 401(k) plans in employee retention and attraction, highlighting their importance as a core employee benefit
  • Investment oversight essentials, including the need for diversification, low costs, regular reviews, and the advantages of model portfolios
  • The necessity of regular benchmarking and impartiality in selecting service providers
  • The importance of education and effective communication about the plan to employees
  • And much more!

 

Resources: 

Connect with Larry Heller: