by Taylor Brown | Apr 12, 2018 | Best Practices
Every two to three years, a new buzzword is embraced by the retirement plan industry. For the last two years, that term has been “Financial Wellness” and it’s most likely here to stay. Financial Wellness is an all-encompassing term to mean a comprehensive...
by Taylor Brown | Mar 14, 2018 | Best Practices
Problem Encountered One of the nation’s ten largest waste haulers had a $70 mm dollar 401k plan and a $45 mm Defined Benefit Plan. After an outside advisor warned the sponsor they might be paying too much in their overall fees, they decided to put the plan out for bid...
by Taylor Brown | Oct 3, 2017 | Best Practices
Problem Encountered We ran into a 401k plan sponsor who had been routinely refunding over $30,000 in plan contributions made by their highly paid group. We met with the Advisor and sponsor to obtain their objectives in sponsoring the plan, and what they hoped the...
by Taylor Brown | Jun 16, 2017 | Best Practices
PROBLEM ENCOUNTERED An ABG recordkeeper discovered a 7 person law firm retirement plan that had a broker collecting 12b1 fees and churning high priced mutual funds at over 100% annual turnover. The plan’s investment performance had underperformed the S & P by over...
by Taylor Brown | Apr 27, 2017 | Best Practices
Problem Encountered We were brought into a plan situation by a new CFO who had discovered issues with their prior plan provider. There was an Advisor who was not a fiduciary, an insurance company recordkeeper, and a Third Party Administrator. The plan was set up as a...
