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Pro-Rata Participant Fees and Fee Transparency: A Recordkeeper’s Conundrum

What does it mean when fees are assessed "pro-rata"? The pro-rata method of assessing a fee is when the total fee amount is deducted proportionally from participant accounts. In terms of fee fairness, pro-rata fees will ensure that all participant fees are reasonable based on their account balance. In terms of fee clarity, a participant will never be able to verify or calculate their pro-rata fee, since they are only aware of their individual account balance and not the balances of other participants.

2017-08-10T14:28:40+00:00 August 8th, 2017|Categories: 401k Resources|Tags: , , , , , |Comments Off on Pro-Rata Participant Fees and Fee Transparency: A Recordkeeper’s Conundrum

 A New Era for Socially Responsible Investing and Fiduciary Obligations

Socially responsible investing (SRI) is a rapidly growing trend in markets around the world. This sustainable, responsible, impact investing model affords companies the opportunity to ensure that their investments align with their mission and values and also facilitate the global movement towards an environmentally sustainable and socially inclusive economy. SRI models involve ESG (environmental, social and governance) integration, investment screening, shareholder advocacy, sustainably themed investments and impact investing.

2017-06-06T16:31:33+00:00 June 6th, 2017|Categories: 401k Resources|Tags: , , , , , , , |Comments Off on  A New Era for Socially Responsible Investing and Fiduciary Obligations

Why Should my 401(k) Plan Use a Calendar Plan Year?

Defined contribution plans generally follow calendar years, which prevents compliance and administration complications that arise from an off-calendar plan year. Off-calendar plan years are typically structured to follow the fiscal year, with the rationale that the profit sharing contributions would be tied to fiscal year performance. This logic is somewhat flawed, since you are effectively giving the same profit sharing contribution at whatever point you decide to make the contribution, but you are increasing the administrative costs and risk of errors (administration or compliance) in running the off-calendar plan year.

2017-06-07T08:38:37+00:00 June 5th, 2017|Categories: 401k Resources|Tags: , , , , |Comments Off on Why Should my 401(k) Plan Use a Calendar Plan Year?

Bundled vs. Unbundled 401k Plans and the RPG Co-Bundled 401k Model

The age-old debate of using a bundled vs unbundled model for a 401k plan has troubled plan sponsors for years. Try a Google search for “Bundled vs. Unbundled 401k“. Every provider and 401k resource seems to list the pros and cons of each model and then either promote their strategy or leave the plan sponsor with all the pros and cons, still wondering which service model is best for their 401k plan.

2017-05-17T10:22:38+00:00 May 17th, 2017|Categories: 401k Resources|Tags: , , , , , |Comments Off on Bundled vs. Unbundled 401k Plans and the RPG Co-Bundled 401k Model

What does it mean to be CEFEX-certified?

RPG Consultants is proud to be a CEFEX-Certified Recordkeeper and Third Party Administrator (TPA). We are one of less than 13 firms in the country to hold the certification for both TPA and Recordkeeping services. The CEFEX accreditation certifies that we conform generally to the Standard of Practice for Retirement Plan Service Providers, as defined by the American Society for Pension Professionals & Actuaries (ASPPA) and CEFEX (referred to as the Standard).

2017-05-08T15:35:25+00:00 May 8th, 2017|Categories: 401k Resources|Comments Off on What does it mean to be CEFEX-certified?

The Integrity of a 401k Plan Provider

The Department of Labor (DOL) fiduciary rule, delayed from the original April 10, 2017 deadline, expands the ERISA (Employee Retirement Income Security Act) definition of “investment advice fiduciary” so that every financial professional working with retirement plans would be held accountable as a fiduciary of the plan.

2017-04-18T23:17:28+00:00 April 18th, 2017|Categories: 401k Resources|Tags: , , , , , , , |Comments Off on The Integrity of a 401k Plan Provider

ERISA Fidelity Bond vs. Fiduciary Liability Insurance

I am a small business owner sponsoring a 401k retirement plan. Are my personal assets at risk? What kind of coverage can I get with Fiduciary Liability Insurance and how does it differ from the required ERISA Fidelity Bond?

2017-04-06T12:07:41+00:00 April 6th, 2017|Categories: 401k Resources|Tags: , , , , |Comments Off on ERISA Fidelity Bond vs. Fiduciary Liability Insurance