Newsletters

Participant Memo: What is Roth and What Does it Mean for Me?

Participant Memo: What is Roth and What Does it Mean for Me?

When you hear Roth 401(k), Roth IRA, or just Roth, this is generally referring to a specific type of tax benefit your savings may receive. You pay taxes on Roth contributions for the taxable year in which they are made. “Traditional” contributions typically means that...

Self-Directed Brokerage Accounts

Self-Directed Brokerage Accounts

To Add to Your Plan or Not: That is the Question Participants may be attracted to self-directed brokerage accounts (SDBAs) because of the seemingly infinite choice of investment options. While it’s tempting to please these often-vocal employees, much consideration...

Regret Aversion: Fighting the FOMO of the Financial World

Regret Aversion: Fighting the FOMO of the Financial World

Regret aversion is a construct in behavioral finance theory that suggests investing decisions are, at least in part, driven by fear of later regretting a “wrong” choice. And this isn’t just some psychological mumbo jumbo. Functional MRI neuroimaging studies of the...

DOL Cybersecurity Tips

DOL Cybersecurity Tips

In this age of relying heavily on technology, it is vital to take the necessary cyber security precautions. You want to make sure that all sensitive information is highly protected. This document showcases some tips and trick for plan sponsors. Topics include:...

Participant Memo: School is now in session!

Participant Memo: School is now in session!

School is now in session! Let’s check if you’re preparing for retirement and review the following items we’ve listed below. Contribute to your Retirement Plan It is imperative to keep track of your retirement plan and set aside a percentage of your income. It’s...

Beneficiary of Unintended Consequences

Beneficiary of Unintended Consequences

Upon becoming eligible to participate in your company’s 401(k) plan, participants are asked to select investments, contribution rate and to indicate a beneficiary designation. This is obvious and it is likely that an application would not be accepted unless this...

Three Ways to Strengthen Your Retirement Plan Committee

Three Ways to Strengthen Your Retirement Plan Committee

Retirement plan committees aren’t required by ERISA, but they can be extremely beneficial nonetheless — especially for larger plans. And if they’re constructed and operated appropriately, they can even help in the event a sponsor is sued. Depending on the size of the...

When It Comes to Financial Wellness… the Time Is Now

When It Comes to Financial Wellness… the Time Is Now

While one could say it’s always a good idea to focus on well-being of any type — whether that’s physical, mental, or financial wellness — there’s perhaps never been a more important time to help employees improve their financial literacy, behaviors, and resilience...

Participant Memo: Save Early, Aim for Your Goal

Participant Memo: Save Early, Aim for Your Goal

Contributing to your employer’s retirement plan as soon as you’re eligible is crucial to meeting your retirement goals. The earlier you start saving, the more time compounding interest has to work on your behalf. Putting off contributions today means increased...

Retirement Plan Document Retention: What Should Fiduciaries Keep?

Retirement Plan Document Retention: What Should Fiduciaries Keep?

ERISA requires employers to retain certain documents. These records are critical if your plan were ever to be challenged by the IRS, DOL or plan participants. We recommend saving the following in some type of fiduciary briefcase: Agendas Fiduciary Investment Reviews...

This communication is strictly intended for individuals residing in the states of FL, GA, MA, SC and WA. No offers may be made or accepted from any resident outside the specific states referenced.

300 First Avenue South, Fifth Floor
St. Petersburg, FL 33701

685 Encino Drive
New Braunfels, Texas 78130

877-752-3849
PlanInsight@advizrs.com

Copyright © 2021
Advizrs