2011 First Quarter Updates & Outlook

June 5, 2011 by  
Filed under Latest Posts

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Kevin Barnes – Head of SEI’s Investment Management Unit gives you his update on current and upcoming (Projected) trends in the market. Being on top of upcoming market trends is critical in these trying economic times. This video will give you several new and deep insights into what is impacting the market. Please enjoy this insightful video.

2011 First Quarter Updates & Outlook
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Better 401k Returns With Less Risk

June 5, 2011 by  
Filed under 401k & Business Benefits, Latest Posts

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Dear Owner and Retirement Plan Trustee,

As trustee of, or person involved with discretionary judgment authority about, your company benefit plan you are at risk of being sued by one or all your plan participants.  A recent Supreme Court ruling on February 20, 2008 (LaRue v, DeWolff Boberg & Associates, Inc.et al) has made the possibility of such law suits against retirement plan sponsors more likely.  This case has created a precedent that all fiduciaries should heed.

During periods of market volatility and plan losses the possibility of participant law suits may be tested even more.  Retirement plan sponsor’s need to take the necessary steps to reduce potential – usually unintended – breaches of their fiduciary responsibilities as outlines in ERISA regulations. In fact, according to Fred Reish, managing director and partner of the Los Angeles-based law firm of Reish Luftman Reicher & Cohen and a nationally recognized expert in employee benefits law,

“Although plan sponsors may think they are complying with the 404(c) conditions, most do not satisfy the 20 to 25 necessary conditions – and that could mean that committee members and other fiduciaries may be in for a rude awakening if they are faced with claims of investment losses because of imprudent participant decisions.”.


How can plan sponsors and fiduciaries comply with, and manage, the necessary requirements to assure that fiduciary responsibilities are being met?  Until now, no benefits plan provider has been able to meet all the criteria necessary to mitigate plan sponsor’s fiduciary liability.  Some of the standard features of our plans which help reduce fiduciary risk according to ERISA regulations are-

– CO-FIDUCIARY RESONSIBILITY: We offer Discretionary Trustee Services to Reduce Fiduciary Liability

–  One Bundled, Low Fees: Our plans typical reduce expenses by 15%, on average, including advisory fees, compliance testing and 5500 filings fees

–  THE ONLY PLAN Available PROVIDING: Regular Due Diligence, MONTHLY review, and replacement of poor performing funds

– Advanced, Customized Plan Design: and Carve- out for Highly Compensated Employees who want to safe more for retirement than conventional plan designs may allow

– Investment Advice: One-on-one advice at no additional cost and consistently high retention and   participation rates

– Electronic Filing & Web Access: Paper work reduction and ease of access for sponsors and participants via User-friendly web site interface


Call or email us to arrange a free, side-by-side comparison and determine your interest.

Thank you for your time.

Richard Saint-Laurent, CFP