Q1 2023 Newsletter: Fiduciary Plan Governance Edition
- Bjork Group
At this time of year, plan sponsors are focused on their fiduciary duty which includes investment oversight, rethinking plan goals and benchmarking their plan.
Why Plan Fiduciaries Need to Pay Careful Attention to Retirement Plan Fees
- Bjork Group
Competitive benchmarking is a way to measure and compare fees associated with running your retirement plan. Explore the most frequently asked questions about plan costs and benchmarking.
Fiduciary Best Practices: Why Investment Oversight is Important for 401(k) Committees
- Bjork Group
Selecting and monitoring investment options for your company’s retirement plan is just one part of your fiduciary responsibility. How do you evaluate, benchmark and assess your plan and what other expertise or protection should you consider?
Defining Workplace Goals is a Vital First Step to an Effective Retirement Plan
- Bjork Group
Retirement plans can be as unique as your company and its employees. Yet many committees do not take the time to set specific goals for their plans. Without defined goals, it can be difficult to create an effective retirement plan that meets expectations. Here’s helpful guidance about defining your plan goals and offering this benefit which helps everyone save toward retirement success.
Each time you discuss the company’s 401(k) plan, it is an opportunity to identify goals and align plan design.
Q3 2022 Newsletter: Optimizing Savings Strategies
- Bjork Group
Use these insights and help optimize your 401(k) plan to align with savings and talent management strategies.
3 Tips to Help Build and Run a Successful Retirement Plan Committee
- Bjork Group
If you are looking for ways to improve fiduciary oversight and strengthen your company's retirement plan, a committee is one of the best places to start. A committee is responsible for the fiduciary oversight of your retirement plan by determining plan administration, investment offerings, costs and enhanced features.