News & Information

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. By Marcie Carroll Read paper Monday, Apr. 16, 2018 Survey Finds 42% of Americans Will Retire Broke — Here’s Why www­.gobankingrates­.com – Shared by CNBC The tide might be turning when it comes to retirement savings in America. For the third year in a row, GOBankingRates surveyed…read more →

Q1 2018 Market Update

S&P 500 -0.76% Dow Jones 30 -1.96 % NASDAQ 2.59% MSCI EAFE -1.41% Unlike much of 2017, the first quarter of 2018 saw the reintroduction of volatility into the equity markets. While periodic bouts of volatility are not uncommon in financial markets, after having enjoyed many months positive, low volatility returns, the sudden and abrupt moves that we saw in…read more →

Is it Time for a Plan Refresh?

The duty to provide participants with sufficient information to make consistently informed retirement investment decisions is a basic fiduciary responsibility under ERISA Section 404(a). However, there could be some plan committees who feel their participants are not consistently making prudent decisions. According to a recent JP Morgan survey¹ nearly 75 percent of participants say they are not confident with selecting…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. By Marcie Carroll Read paper Monday, Apr. 2, 2018 Four Best Practices to Improve Employee Financial Wellness www­.uschamberfoundation­.org – Shared by Matt Bahl Financial wellness is one of the leading causes of stress in the United States, and not just for the unemployed. PwC has found that…read more →

What Happens When You Deposit Employee Deferrals Late?

What Happens When You Deposit Employee Deferrals Late? By Marcie Carroll In our research, late deposit of contributions is a frequent error made by plan sponsors and is a key priority of the Department of Labor (DOL). In every plan audit conducted by the DOL, the investigator looks to see if contributions have been deposited in a timely manner. A…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. By Marcie Carroll Read paper Monday, Mar. 26, 2018 One Clear Sign You Have a Rotten 401(k)—And What to Do About It www­.daveramsey­.com – Shared by Culpepper CPA If your 401(k) is a big deal in your retirement savings strategy, you’re not alone. According to the Investment…read more →

A challenge to the DOL’s proposed regulatory changes related to retirement plans

A challenge to the DOL’s proposed regulatory changes related to retirement plans Last week, the fifth circuit court of appeals produced a significant challenge to the Department of Labor’s proposed regulatory changes related to retirement plans. The proposed changes centered on qualified retirement plans and holding those that advise on those plans to universal fiduciary standards across all account types…read more →

Changes to Hardship Withdrawal Rules in Retirement Plans

Retirement plans may allow an employee to withdraw money from their plan for financial hardships. The Bipartisan Budget Act of 2018 which was signed into law on February 9, 2018 changes some of the rules regarding Hardship Withdrawals for plan years beginning after December 31, 2018. While each person may have their own definition of what a financial hardship is…read more →

HSAs: A Tax Trifecta Investment Opportunity

HSAs: A Tax Trifecta Investment Opportunity By Marcie Carroll HSAs: A Tax Trifecta Investment Opportunity When it comes to fiscally frugal health insurance options, health savings accounts (HSAs) aren’t exactly new to the game. They’ve been around since 2003 and have only increased in popularity among employers, politicians and certain types of employees. In recent years, however, the growth in…read more →