June 2019 Fiduciary Advisor Newsletter
We are pleased to share with you retirement plan updates we’ve been reading recently, as well as news from our firm. Click here for our June 2019 newsletter.
May 2019 Fiduciary Advisor Newsletter
We are pleased to share with you retirement plan updates we’ve been reading recently, as well as news from our firm. Click here for our May 2019 newsletter.
MRPA Recognized for a Decade of CEFEX Certification
At the annual Fi360 conference in Nashville, TN on April 3, 2019, Montgomery Retirement Plan Advisors was recognized by the Centre for Fiduciary Excellence for being CEFEX certified for ten years for their adherence to a defined fiduciary Standard of Practice. “Trust is critical to organizations which act as fiduciaries or provide fiduciary support services. …
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3(21) vs. 3(38): Understanding the Numbers
Taking a look at the features of both 3(21) & 3(38) and examining how each can impact your business’s retirement planning process.
Are You Ready For An Audit?
Several events can trigger a DOL or IRS audit, such as employee complaints or self-reporting under the annual submission of the Form 5500. Often times an audit is a random event, which is why you should always be prepared. Listed below are several key items typically requested in an initial letter sent by the IRS …
Five Success Principles I Learned From My Father
Starting in the late 1940’s, my father, William P. “Bill” Montgomery applied the tough lessons learned from a Great Depression childhood and World War II Marine Corps service to build a successful career in the group health insurance field. As I started my own career in 1977, Dad occasionally offered helpful suggestions, but much of …
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Funds With Revenue-Sharing Fees Can Be The Lowest Net Cost Option
An InvestmentNews article reminds us that plan sponsors can reduce the net cost of retirement plan investments through optimal handling of the non-investment-management related components of a mutual fund’s expense ratios, commonly referred to as “revenue sharing”. Astute plan sponsors and their advisors generally insist that their plan’s providers credit these “revenue-sharing” amounts directly back …
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