Blue Prairie Group ERISA consultants Ty Parrish and Michael Rom discuss the new DOL Fiduciary Rule, as well as how the role of the traditional retirement plan advisor is changing, and what services you should should expect (and how much you should pay for them) going forward. It’s a New Ballgame for 401k Plans – PDF Presentation It’s a New Ballgame for 401k Plans from Blue Prairie Group on Vimeo.
Blue Prairie Group ERISA consultants Carmela Elco and Paul Sommerstad share best practices on improving defined contribution retirement plans by applying proven behavioral finance solutions. The Power of Design for Workplace Retirement Plans – PDF Presentation The Power of Design for Workplace Retirement Plans from Blue Prairie Group on Vimeo.
Our experts discuss the employee benefit plan fiduciary’s role as it relates to plan administration, specifically working with your plan auditor and avoiding common plan audit findings. Avoid Common Filing Mistakes that Trigger IRS & DOL Audits – PDF Presentation Employee Benefit Plan Fiduciaries: Avoid Common Filing Mistakes that Trigger IRS & DOL Audits from Blue Prairie Group on Vimeo.
Securing the sale of a 401K can take anywhere between one to two years, making the sales process extremely important. Carmela Elco, a Managing Director at Blue Prairie Group, recommends establishing an advocate and build trust with that individual. This is especially important in those competitive situations. By communicating with your advocate, you can ask certain questions including what the committee’s overall concerns are, or what materials others may find beneficial. Also, Carmela recommends understanding the culture of the organization and how they approach their decision making and working with their partners. One way to do this is by reaching [ read more ]
As target date fund investing has continued to soar in popularity and usage within retirement plans, the need for a rigorous monitoring and selection process has never been more important for plan sponsors. Determining a “best fit” target date strategy for a retirement plan requires a multitude of different considerations, including Plan Sponsor input, participant demographic data, and a thorough analysis of the investment product. Blue Prairie Group’s process for evaluating and selecting a target date strategy seeks to satisfy these different inputs via our proprietary selection tool. By utilizing this selection process, Plan Sponsors can achieve stronger retirement outcomes [ read more ]
With the upcoming reform to money market fund regulation, many plan sponsors are left wondering how it will effect their retirement plans. There is much concern and confusion around changes with allowing NAVs to “float,” and the enhanced institutional redemption gates and fees. Additionally, sponsors are beginning to think about alternatives to money market funds, and how those funds might compare. Money Market Reform Webinar PDF Money Market Reform: What it Means for Plan Sponsors from Blue Prairie Group on Vimeo.
This webinar is based on survey results of over 250 plan sponsors in higher education. Respondents are administrators, chief financial officers, and have a defined contribution plan. The questionnaire contained questions across several topics related to their retirement plan. Survey was completed in Q2 2015. 2015 BPG Higher Education Webinar PDF 2015 BPG Higher Education Webinar, Retirement Trends in the Higher Education Market from Blue Prairie Group on Vimeo.
Experience is an important teacher. Learn findings from the 2014 national study of attitudes and insights from defined contribution plan participants from early career to pre-retirement. Findings include how they feel about what they have done, what they are doing and what they wish they would have done to save and invest for the future. They also offer insights for their fellow participants – and plan sponsors – to move forward. Click here for a PDF version of the webinar. Click here for the presentation and accompanying audio.
This webinar will help plan sponsors understand the bottom-line rationale for implementing a financial wellness program and how to calculate the ROI. It will also demystify the calculation process and give you an easy way to assess whether a financial wellness program is right for your company. Click here for the presentation and accompanying audio.
In Part II, Matt Gnabasik discussed three best practices to help improve your DC plan: lowering plan fees and costs; simplifying the investment menu; and reducing risk through fiduciary governance. Click here for a PDF version of the webinar. Click here for the presentation and accompanying audio.
In Part I, Matt Gnabasik discussed two best practices to help improve your DC plan: benchmarking your plan and setting strategic goals; and implementing auto plan design features and rethinking other key strategic design points. Click here for a PDF version of the webinar. Click here for the presentation and accompanying audio.
In this interactive webinar, Matt Gnabasik, Managing Director of Blue Prairie Group, and Julie Stapel, a Partner with Morgan Lewis, discussed what to do with the information that covered service providers have sent to plan sponsors. Click here for a PDF version of the webinar. Click here for the presentation and accompanying audio.