Retirement Solutions Specialists
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Pollard & Associates
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Defined Contribution Account Manager Nova 401(k) Associates
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July Business Services
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Retirement Planners and Administrators (RPA)
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Greenline Wealth Management
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July Business Services
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Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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Great Lakes Pension Associates, Inc.
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Regional Sales Director (West) July Business Services
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Fringe Benefit Group
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New York City District Council of Carpenters Benefit Funds
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18 Matching News Items |
1. |
Realities of Retirement: Women vs. Men
Manning & Napier Mar. 19, 2024
"[A]ssuming a 20% difference in wages, or $10,000/year, now you are talking over $3,150,000 of additional retirement savings lost out on. Not to mention, these numbers don't account for the lost potential from company matches and Social Security benefits ... In general, women tend to be more risk-averse.... [W]omen born today are projected to live until 80 and men only until 74, a six-year difference!"
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2. |
Collective Investment Trusts: Important Fiduciary Considerations
Manning & Napier June 8, 2021
"CITs are often less expensive to create/maintain and may be more flexible than their mutual fund counterparts given that they are subject to a different regulatory framework. While this may be a benefit to their fee structure, it can also be challenging because CITs often suffer misconceptions when compared to mutual funds. [This article describes] the most common misconceptions and frequently asked questions by fiduciaries."
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3. |
Cash Balance Plans for Owner-Only Businesses
Manning & Napier Mar. 3, 2021
"There are over 26 million owner-only businesses in the nation today.... Consistently profitable owner-only businesses are uniquely suited for cash balance plans, as well as traditional average pay defined benefit plans."
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4. |
Understanding the SECURE Act: Managing the 10-Year Rule
Manning & Napier June 19, 2020
"The general impact is that the 10-year rule is less tax-efficient because traditional IRA distributions are condensed and therefore taxed at higher rates. Knowing that, what are some things to know if you are an account owner or beneficiary to help you be more strategic with distributions and potentially reduce the tax impact?"
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5. |
Why Plan Sponsors are Considering CITs -- or Should Be
Manning & Napier Feb. 7, 2018
"60% of employers would consider offering a Collective Investment Trust (CIT) or other alternative investment vehicle to a mutual fund if it has the same objective, but lower fees in order to reduce their litigation risk.... There are often cost advantages to using CITs.... CITs are increasingly accessible.... Participants usually benefit with CITs."
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6. |
HSAs are Poised for the Spotlight in the Trump Era
Manning & Napier Apr. 27, 2017
"Although the AHCA's initial failure led to uncertainty on the specifics of health care reform, there appears to be a broad push to increase the use of [HSAs]. Various proposals have included plans to remove the requirement to have a high-deductible health plan in order to contribute to an HSA, raise contribution limits to $6,550 for individuals and $13,100 for families (from their current limits of $3,400 and $6,750, respectively), and to create a new type of account called a Roth HSA."
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7. |
Influencers Driving Today's Fiduciary Best Practices
Manning & Napier Nov. 21, 2016
"In today's market, where volatility is a 'new normal,' it becomes critical for fiduciaries to frame investment due diligence and portfolio performance around the investor's objectives rather than a hypothetical benchmark.... As the DOL encourages more level, transparent fee structures, fiduciaries must shift their focus to offering a service rather than selling an investment product.... Recent 401(k) litigation demonstrates that no fiduciary decision is insignificant."
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8. |
Managed Accounts in Defined Contribution Plans
Manning & Napier Nov. 2, 2016
"Deterrents for selecting a managed account service as a QDIA include: perceived higher fee levels, a lack of a clear benchmark, lack of employee engagement, and the demographics of those using the QDIA (i.e., younger participants). As an opt-in service, managed accounts can be viewed as an enhanced offering for those participants with more complex financial situations. Plan sponsors should have a clear understanding of the managed account provider's construction methodology, level of experience, and most importantly, their asset allocation philosophy."
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9. |
Target Date Fund Glide Path Evaluation: What Really Matters?
Manning & Napier Oct. 12, 2016
"Participant outcomes become increasingly driven by investment returns and less so by contributions as they age and retirement balances grow.... Differentiation among TDF providers' glide paths increases as the target date nears.... The competing needs of capital growth and capital preservation near retirement create a difficult risk tradeoff decision.... Since retirement outcomes are inherently market driven, evaluate the efficacy of dynamic glide path designs in helping all participants within a diverse workforce achieve a reasonable outcome."
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10. |
Narrowing Investment Offerings on DC Plan Menus: What's the Right Approach?
Manning & Napier Aug. 31, 2016
"This paper seeks to explore the various approaches to menu design and identify how plan demographics and participant behavior can aid in determining what may be most appropriate for a specific plan."
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11. |
Recent Changes to Social Security Claiming Strategies
Manning & Napier Dec. 8, 2015
"Since 2000, several Social Security claiming strategies have been available that have allowed filers to 'claim now, claim more later' under certain circumstances involving spousal benefits. The current administration has made it clear that it considers these strategies to be unintended 'loopholes' and in the past has advocated closing them. Somewhat unexpectedly, the Bipartisan Budget Act of 2015, signed into law by President Obama on November 2, 2015, included a provision that eliminates these claiming strategies."
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12. |
Five Ways to Improve Employee Savings and Participation Rates
Manning & Napier Aug. 26, 2015
"[1] Auto-enroll all employees into the plan on an annual basis.... [2] Increase the default deferral percentage.... [3] Incorporate opt-out auto escalation.... [4] Incentivize increased savings by adopting stretch matching contributions.... [5] Make employee financial wellness and engagement a year round campaign rather than an annual benefits enrollment consideration."
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13. |
Raising the Bar on Target Date Due Diligence: Demographics Matter
Manning & Napier June 22, 2015
"A fiduciary who chooses to use one or more of the target date fund evaluation tools available today is obligated to understand how the tool works, how it compares to its peers, and whether its design will serve the needs of the plan participants."
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14. |
Redefining Outcomes-Based Investing
Manning & Napier May 14, 2015
"While TDFs are generally viewed as long-term investment solutions, the target date concept is still in its infancy. As such, the limited track record over which to assess a glide path's ability to help participants achieve their goals is one of the more significant evaluation hurdles that plan fiduciaries face.... [By] considering plan goals and participant demographics, plan fiduciaries may be in a better position to identify a glide path that best aligns with their plan's desired outcomes. However, it's important to recognize that, if taken too far, these tools' projected results may provide a sense of certainty where there is none."
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15. |
The QDIA Decision: Does Your Strategy Align with Plan Goals and Demographics? (PDF)
Jeffrey S. Coons, of Manning & Napier; in collaboration with Fred Reish & Bruce Ashton, of Drinker Biddle & Reath LLP Sept. 18, 2014
16 pages. "This paper is intended to discuss how plan demographics and sponsor goals may influence the QDIA selection process, and covers the following points: [1] Selecting an appropriate type of QDIA (i.e., single balanced fund or suite of TDFs) in light of plan demographics and sponsor goals; [2] If the fiduciary decides to use TDFs, selecting specific target date fund investment strategies that best fit plan demographics and sponsor goals; and [3] Given the DOL' s guidance for plan sponsors to consider custom glide path alternatives, the demographics that may suggest a need for customization."
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16. |
Understanding Health Insurance Options in Retirement (PDF)
Manning & Napier Mar. 24, 2014
"This paper is intended to provide a backdrop of the current health insurance landscape for retirees. Specifically, this paper gives a broad overview of the Medicare system and provides retirees with information which may help them understand their health insurance options in retirement. Furthermore, this paper includes information on the magnitude of potential health care-related costs throughout retirement."
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17. |
The Benefits of Incorporating a Full Range of Lifestyle Options on an Investment Menu
Manning & Napier Jan. 2, 2014
"While the inclusion of at least one lifestyle option on a Plan's investment menu is a strong positive, a single lifestyle option is unlikely to meet the investment objectives of all participants. Therefore, a Plan's investment menu would be further enhanced by the inclusion of a coordinated family of lifestyle options that would provide investment solutions for a wide range of participants, ranging from extremely risk tolerant and/or fairly new to the workforce to extremely risk adverse and/or in retirement. Likewise, lifestyle providers that offer a full family of options, covering the entire risk/reward spectrum, should recognize that individuals with similar time horizons may have varying investment goals."
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18. |
The Role of Behavioral Finance in the Development and Evolution of Target Date Funds: How To Maximize Participant Outcomes
Manning & Napier Jan. 2, 2014
"[P]lan sponsors and regulators began to understand that behavioral finance concepts influenced participant behavior that auto enrollment, qualified default investment alternatives, and target date funds began to gain traction in defined contribution plans.... While many target date fund managers, consultants, and plan sponsors are focused on detailed specifics about the glide path (e.g., debating the merits of 'to' versus 'through' glide paths, landing points, etc.) and adding increasingly complex specialty asset class exposure to their mix, ... the best way to help participants meet their retirement goals is to elevate the importance of saving."
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