AFS 401(k) is excited to announce that Lead Adviser, Alexander Assaley was honored for the third year in a row by the National Association of Plan Advisors as a Top 50 Plan Adviser Under 40.
In August of 2015, the Dow Jones Industrial Average (DJIA) and the Standard & Poor’s 500 Index (S&P 500) fell by more than 10% for the first time in over 1,400 days. This correction capped the 3rd longest streak in the history of the US stock market*, which had seen company values in both indices more than tripled since March of 2009.
This article was authored by Theodore P. Stein, Esq. of Offit | Kurman.
The Affordable Care Act (“ACA”) reporting requirements for employers shifts into high gear this year. In 2016, for the first time, employers who sponsor group health plans are required to file annual returns with the IRS describing their health plans and the health plan choices made by their employees.
Once again, AFS 401(k) advisor Alex Assaley has been named as a "Top 50 Plan Advisor Under 40" by the National Association of Plan Advisors.
We're honored to again be part of this year's DC Fly-In Forum hosted by NAPA!
The Supreme Court released their ruling and written commentary on a landmark ERISA case, Tibble v. Edison International. Employees of Edison International accused their employer of favoring high-cost mutual funds over lower-cost options. On a 9-0 vote, the court threw out an appeals court ruling that limited the number of claims that could be made in the case due to a statute of limitations.
A version of this post originally appeared on Employee Benefit News
After years of discussion, the Department of Labor has finally proposed a new rule altering the long-standing “fiduciary standard”. Controversial and contested from its initial discussions in 2010, these new regulations have been framed as a way to help the middle class avoid excessive fees and poor advice from financial professionals who do not already serve as a fiduciaries.
If you are responsible for overseeing your company's retirement plan, then you know that a key measurement of success is employee participation rates. Of course your plan's participation helps employees save as much as they can for retirement, but it also ties directly to passing nondiscrimination tests. You may think that you're doing everything the right way when it comes to your plan by providing a broad range of investment options, having a match in place, and being in compliance with agencies such as the DOL and IRS. These factors alone do not ensure your employees will enroll and save. This begs the question: What good is a retirement plan benefit if people aren't using it? If you're wondering why your numbers aren't where you'd like them to be, here are a few problem areas you may consider modifying.
This time of year not only brings a new season, but also plenty of opportunities for us to get the latest about employer-sponsored retirement plans, employee benefits and much more. To stay current on industry trends and hot topics, two of our advisors, Alex Assaley and Daniel Haverkos recently attended two conferences: The Employee Benefit News Forum & Expo and the National Association of Plan Advisers DC Fly-In Forum. Both of these events offered up valuable information on all aspects of retirement plans and employee benefits: wearable health technology, tax reform, corporate wellness, new proposed rules on the fiduciary definition and much more.
AFS 401(k) and AFS Financial Group are proud to participate in the Ice Bucket Challenge for ALS!