Jul 13

401(k) plans – are you in compliance?

The Next Step One year ago, we wrote about a Department of Labor (DOL) statistic stating 77% of 401(k) plans are non-compliant in some form. As a result, the DOL has added almost 1,000 employees to their payroll with 70% of those added to the enforcement division. A recent article in BenefitsPro magazine listed 5 risks for ...

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Apr 12

Acronym of the day: EBITDA

Abbreviation for: Earnings before interest, tax, depreciation and amortization The equation itself is really quite simple: subtract expenses from revenue (excluding interests and taxes) without depreciation and amortization (what you pay for tangible and intangible assets). The remaining number paints a basic picture of ...

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Feb 24

Entrepreneurs show “resilience in adversity”

Hiscox released an interesting look at the DNA of entrepreneurs and how they are dealing with the state of the US and European economy. “The wide-ranging report offers unique insights into the mood and behavior of entrepreneurs in the United States and Europe as they grapple with economic crisis. They may be losing ...

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Feb 16

Federal Reserve Board: Beige Book January 2012 Update

Summary Contact reports from the twelve Federal Reserve Districts suggest that national economic activity expanded at a modest to moderate pace during the reporting period of late November through the end of December. Seven Districts characterized growth as modest; of the remaining five, New York and Chicago noted a pickup ...

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Jan 27

401(k) Fees – Do You Know How Much You are Paying?

Do you know how costs are affecting your 401(k) performance? You may be in for a surprise! According to a study produced by AARP in 2011, “When respondents were told that financial service companies that manage 401(k) charge fees for administering and managing those plans, and that the fees are paid by the employer ...

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