Download the 2023 Safe Harbor Guide

Download the 2023 Safe Harbor Guide

Understand new rules for 2023, benefits of Safe Harbor and strategies to minimize Safe Harbor costs.

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5 min read

Top 401(k) Blog Posts of Q4

Healy Jones
December 23, 2016
Top 401(k) Blog Posts of Q4
Table of contents

It’s hard to believe that 2016 is almost over! As the end of of the year approaches, it is time to reflect on some of our accomplishments. And since this is our 401(k) blog, it is natural for us to highlight some of our blog posts that have resonated with the … well, whoever likes to read 401(k) stuff on the internet!

We focused this quarter on providing information about the providers in the 401(k) industry, from advisors and brokers, to recordkeepers and fiduciaries. We also wanted to help companies figure out how to select 401(k) vendors, and published some well received whitepapers on finding good partners.

Highlighted 401(k) blog posts

401(k) Recordkeepers – What They Do. There are lots of different players in the 401(k) industry, and one of the most important is the recordkeeper. As an independent 401(k) advisor, we help you find the right recordkeeper for your plan and negotiate lower fees for you. But you might want to check out this post to stay informed and stay on top of the people managing your retirement plan.

401(k) Recordkeepers: 5 Signs You’re Working with the Wrong Recordkeeper. The recordkeeping business is highly regulated and complicated, which usually suggests you might want to go with someone with more experience and has adequate security practices to protect your plan and your company as plan sponsor. Here are a few things to watch out for when it comes to choosing a recordkeeper.

Did you hire a 401(k) fiduciary or a broker? It’s unfortunate, but there are some retirement plan advisors out there that are actually not investment fiduciaries — this means they take on limited risk and liability for the investments they recommend for your 401(k) plan. It’s worthwhile finding out whether your company’s 401(k) advisor is properly motivated to act in the best interest of your employees, or whether you’ve ended up hiring a broker that will fill your plan with funds that pay the broker commissions. Here’s more on how to identify whether you’ve hired a fiduciary or a broker.

Safe Harbor 401(k): How to avoid this costly option. There’s definitely a lot to keep track of with the IRS nondiscrimination tests. Here’s a handy post to help you determine whether you’re at risk of failing the nondiscrimination tests, how Safe Harbor plans work, and if there’s a more cost-effective alternative to the Safe Harbor 401(k). (Note that as your advisor, and unlike most advisors, ForUsAll takes on your nondiscrimination testing. Visit our Safe Harbor Plan Resource Center to learn more.)

401(k) RFP Template: How to Find the Top 401(k) Providers For Your Plan. This one is pretty self-explanatory. Get a clear, comprehensive overview of running a request for proposal (RFP) process in today’s 401(k) market. And it includes a full template you can send to 401(k) providers.

We hope that your business had a great 2016, and wish you lots of success in the coming year. If you should need any help managing your company’s defined contribution plan, please contact us – we are happy to help!

Download the 2023 Safe Harbor Guide
Understand new rules for 2023, benefits of Safe Harbor and strategies to minimize Safe Harbor costs.
Healy Jones
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Healy Jones
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This material has been prepared for informational and educational purposes only and should not be construed as a recommendation by ForUsAll, Inc., its affiliates or employees (collectively, “ForUsAll”)  to activate a cryptocurrency window or invest in crypto.  Investing in crypto can be risky and investors must be able to afford to lose their entire investment.  You should consult with your own advisers before activating a cryptocurrency window or investing in crypto.  ForUsAll does not provide legal, tax, or accounting advice. Please refer to your Plan's fee disclosure for more details.© 2023 ForUsAll, Inc. All rights reserved.
1 Schwab 2022 401(k) Participant Study - Gen Z/Millenial Focus, October 2022.
2 As of 12/31/2022. Employees include both current employees and terminated participants with a balance.
3 "Morgan Stanley At Work: The Value of a Financial Advisor" Morgan Stanley, March 2022.
4 Sarah Britton was a client when she provided this testimonial through an independent third party review website. She received no compensation for her remarks. There are no known conflicts of interest in the provision of her comments related to the services provided.