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Re: Questions about process for selecting employer 401k plan

Fidelity will work directly with a company that has plans smaller than yours. I would contact them directly. You do not need an adviser to oversee your plan either. Our company went through this process about a year ago. We had presentations from several 401k providers. I was amazed at the schemes t...
by JimB
Wed Feb 19, 2014 3:27 pm
 
Forum: Investing - Theory, News & General
Topic: Questions about process for selecting employer 401k plan
Replies: 19
Views: 1056

Re: Fidelity 401k limit feature?

Also, some employers will only put in the matching funds if there is a contribution for that pay period. If you hit the maximum before your last check you may miss out on that money. If the last contribution is less than the percentage required for the full match, you can also miss part of the match...
by JimB
Tue Feb 18, 2014 3:20 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity 401k limit feature?
Replies: 13
Views: 1147

Re: Employer moving 401k to Vanguard

Last year we went through that process with Fidelity. The committee decided that we would offer almost all the indexed funds and target date funds, then let Fidelity recommend actively managed funds to fill the 9 Morningstar style boxes plus a few bond funds. Fidelity uses a screener to select the f...
by JimB
Mon Dec 16, 2013 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Employer moving 401k to Vanguard
Replies: 1
Views: 264

Re: Flaw: retirement studies assume no behavioral mistakes?

I just can't resist being off topic here. How about this: When you are backing your car the wheels that steer are in the rear, which changes the steering geometry. Try pushing your shopping cart backwards and see how much more difficult that is.
by JimB
Mon Nov 04, 2013 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: Flaw: retirement studies assume no behavioral mistakes?
Replies: 83
Views: 3527

Re: Same/Similar Allocation Plan for Spouses if Age Disparit

In my case, the age difference is large enough that I most likely will not be around when my wife turns 59 1/2. So we cannot consider her savings as part of the pot used in my retirement. We have different allocations and my savings are to cover bills after I can no longer work. Her savings are for ...
by JimB
Wed Aug 28, 2013 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: Same/Similar Allocation Plan for Spouses if Age Disparity?
Replies: 5
Views: 879

Re: Proposed 401K funds

We just went through the fund selection process for our new 401K. We added good coverage for indexed options (something that our old plan did not have). We also decided to let the provider select and monitor the actively managed funds that will be offered. We will offer more fixed income options tha...
by JimB
Wed Apr 24, 2013 5:57 pm
 
Forum: Investing - Theory, News & General
Topic: Proposed 401K funds
Replies: 13
Views: 592

Re: Has anyone read Pound Foolish

I am about half way through it. So far, it seems to mostly be a rant about personal finance guru types. It also seems to be putting a lot of emphasis on the bad things that can happen to your savings and prevent you from having a good retirement. So far, nothing new or of significant value. I will f...
by JimB
Thu Jan 17, 2013 12:18 pm
 
Forum: Investing - Theory, News & General
Topic: Has anyone read Pound Foolish
Replies: 6
Views: 1062

Re: Has anyone dealt with Vanguard Small Business?

Thanks, I was not aware that Fidelity had a payroll service.

Yes, the payroll decision has already been finalized by HR. It was an insurance rate hike that prompted that move.
by JimB
Fri Dec 21, 2012 11:56 am
 
Forum: Investing - Theory, News & General
Topic: Has anyone dealt with Vanguard Small Business?
Replies: 9
Views: 889

Re: Has anyone dealt with Vanguard Small Business?

Thanks everyone for the replies. They are very helpful. I want to help get a good plan for everybody and it feels like an uphill battle. I am thankful for the things I have learned here on the forum. Several years ago I would not have even known a good plan from a bad one. Now, I am the only non-man...
by JimB
Thu Dec 20, 2012 8:56 pm
 
Forum: Investing - Theory, News & General
Topic: Has anyone dealt with Vanguard Small Business?
Replies: 9
Views: 889

Re: Has anyone dealt with Vanguard Small Business?

Of the two we have seen so far; one uses Ascensus and the other uses Callan Associates for product-level oversight. I believe they also take care of the compliance reporting. Both use Mesirow for co-fiduciary and indemnification purposes as well as ERISA Section 3(38) Investment Manager services. Bo...
by JimB
Thu Dec 20, 2012 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: Has anyone dealt with Vanguard Small Business?
Replies: 9
Views: 889

Has anyone dealt with Vanguard Small Business?

I managed to get myself on the new 401(k) committe at work. So far, I have seen two presentations from 401(k) providers. I have learned a lot about how 401(k) plans work and I almost wish I didn't know how they work. They have a captive audience and take advantage of it. The legal issues involved al...
by JimB
Thu Dec 20, 2012 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: Has anyone dealt with Vanguard Small Business?
Replies: 9
Views: 889

Re: TSP aims to launch Roth option in late April, early May.

I don't have the TSP but I have run into this in my 401(k). I calculate the amount to contribute so I reach the limit with the smaller number of checks. At the end of the year (with 2 or 3 remaining checks) I calculate my remaining space and adjust my contribution amount down to make sure I have at ...
by JimB
Tue Mar 27, 2012 2:19 pm
 
Forum: Investing - Theory, News & General
Topic: TSP aims to launch Roth option in late April, early May.
Replies: 11
Views: 608

camontgo Thanks for the link. It answered a question I have been thinking about for the last few days. As I suspected, it was the size of my contributions relative to my balance along with the timing of gains/losses/contributions through the year that led to my XIRR on VFINX being so different from ...
by JimB
Tue Jan 04, 2011 4:39 pm
 
Forum: Investing - Theory, News & General
Topic: Interesting Article on how returns are calculated
Replies: 5
Views: 951

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