November’s Employee Memo is a handout for employees to let them know the upcoming limit changes for the 401k plan. Please have them call us if they have any questions. November 2014 Employee Memo
November’s Employee Memo is a handout for employees to let them know the upcoming limit changes for the 401k plan. Please have them call us if they have any questions. November 2014 Employee Memo
The IRS indexed dollar limits to qualified retirement plans for 2015 are provided in the attached document. This update is provided for informational purposes to TP Investment Advisory’s clients and prospects. See 2015 limits
This month’s employee memo is a simple risk tolerance/life questionnaire. It’s a great handout for your employees as well as a reminder to periodically look at their investments to make sure they are properly allocated. October 2014 Employee Memo
As you begin to think about your retirement, you might want to consider the following planning steps to help ensure a successful transition to your new lifestyle. September 2014 Employee Memo
To sue or not to sue your employer over your 401(k) plan? That is the question that a Forbes guest columnist poses to plan participants, providing red flags that participants should look out for when determining whether to sue or not.
Citing abuses like high fees charged to federal employees rolling out of the low-cost Thrift Savings Plan and Fidelity’s recent settlement with participants in their own plan, author John Wasik recommends that employees ask the following questions:
• Are low-cost index investments offered?
• Are various markets covered by the investments offered?
• Are fees excessive?
• What fees are paid to middlemen (suggesting that revenue sharing is a red flag)?
• Are there wrap fees, which Wasik says are a no-no?
• Does the record keeper only offer proprietary funds?
If employers don’t answer these questions with a promise to hire an independent fiduciary consultant, Wasik recommends consulting an attorney.
Don’t let Target Date Funds puzzle you! You’re a savvy participant, put your Target Date
Fund knowledge to the test and see how many of the questions you can answer below! August 2014 Employee Memo
One of the biggest mistakes that you can make as a participant is to not contribute to your plan as soon as you are eligible to do so. The earlier you start contributing to your retirement plan, the more time compounding interest has to work on your behalf. Putting off contributions to the retirement savings plan today means increased contributions to reach the same goals tomorrow. July 2014 Employee Memo
With all of the advanced education and strategy tools available, it is still often difficult for employees to understand the difference between what they can save for retirement and what is needed to retire. Sometimes, it is helpful to see what your account will actually provide over the course of your retirement. It can also help you set an achievable goal. June 2014 Employee Memo
What exactly are “asset classes” and how do they impact your retirement plan investing decisions? Simply put, there are three primary investment types, or asset classes: Cash, Bonds, and Stocks. Each of these asset classes has different investment objectives, and has historically performed differently in reaction to varying market conditions. May 2014 Employee Memo
This month’s employee memo is a simple reminder/payroll stuffer that highlights the benefits of participating in a retirement plan. April 2014 Employee Memo