The only thing that they need to be aware of is that in a Roth 401(k) you still have a Required Minimum Distribution.  The way that you get around that is that you roll it over into a Roth IRA which does not have a RMD.  Check out Cannon Capital Management at cannoncap. com and click on the newsletter tab then the 401(...more

The only thing that they need to be aware of is that in a Roth 401(k) you still have a Required Minimum Distribution.  The way that you get around that is that you roll it over into a Roth IRA which does not have a RMD.  Check out Cannon Capital Management at cannoncap. com and click on the newsletter tab then the 401(...more

This is a great article.  It tells people that they should be more interested in what they pay.  The biggest thing participants should be aware of is not just the total cost of the Plan but the value that they are receiving.  Participants need to know what is being charged to them and if they are getting the service th...more

What about your contribution limits?  If you have a good investment selection then you are crazy to not take advantage of an employer match.  The match will pay for all of the fees plus give you more.  If the investment options are right then it is a no brainer.  Maximize the match at least and then you can start an IR...more

As a 401(k) Plan advisor I find it interesting that participants think that those who provide services to the Plan should work for free.  The truth is no one works for free, if they do it is called service or volunteerism.  With that being said there is a big problem with how much money participants are charged.  With ...more

The real key with Plan expenses comes down to getting rid of the insurance companies as platform providers (John Hancock, Nationwide, Principal, Prudential... etc.).  They say they do not charge a fee, lets be honest does a company ever succeed if they never make any money?  Better yet who would do all of that work for...more

I never saw any mention of getting rid of the insurance platform provider (John Hancock, Nationwide, Principal) that have the biggest conflict of interest.  They will put expensive funds on the platform so that they can make more money for themselves through the revenue share of the mutual funds.  The best part about i...more

As a retirement plan advisor we educate our clients and the participants that if they will just up their deferral by 1% every year when they receive a pay raise they can nearly double how much they have in their retirement account when they get to retirement.  If you want to see how this is possible go to cannoncap .co...more

We have been telling this story for years but the fact is that 401(k) Plans are just not high on a Plan Sponsor's list of things to work on.  I work as an adviser to 401(k) Plans, and in almost every case we have gone in and reduced their Plan costs.  That is a huge savings to participants as well as to Plan Sponsors, ...more