News & Information

Improving Automatic Enrollment

Improving Automatic Enrollment By Marcie Carroll Our research shows that the vast majority of plan sponsors recognize that automatic enrollment has been effective in improving plan success and simplifying internal plan administration. Could automatic enrollment’s success be improved upon? When automatic enrollment first began gaining popularity, about 20 years ago, its typical design served a number of purposes. It improved…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. Published by Marcie Carroll 02 October 2017 Read paper → Financial Planning in Your 50s – Settleitsoft, Inc. Shared by SettleiTsoft® blog­.settleitsoft­.com – Warning! Warning! Your fifties may be your last opportunity to eradicate debt and save every penny you can toward retirement. You must begin now,…read more →

Millennial Workers Require Special Plan Sponsor Menu Design

Millennial Workers Require Special Plan Sponsor Menu Design By Marcie Carroll Millennials are the largest demographic cohort in the nation, U.S Census Bureau data shows. And up to 80 percent are already saving in their employer-sponsored retirement plans, according to a 2015 report from Bank of America Merrill Lynch. The newest generation of workers-which the Pew Research Center defines as…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. Published by Marcie Carroll 25 September 2017 Read paper → How to retire comfortably, even if you aren't a financial genius Shared by Frugal Millennial www­.chicagotribune­.com – You don’t have to be a genius, a math brain or know anything about the stock market to invest your…read more →

Auditing Recordkeeper Statements-A Fiduciary Duty?

Auditing Recordkeeper Statements-A Fiduciary Duty? By Marcie Carroll Adhering to prudent standards includes auditing quarterly statements from the recordkeeper. However, there is no explicit requirement for plan fiduciaries to do so. With regard to plan assets, fiduciaries have the explicit duty to ensure that: • employee deferrals are contributed in a timely manner; • the plan does not engage in…read more →

Target Date Funds—Does One Size Really Fit All?

Target Date Funds—Does One Size Really Fit All? by Marcie Carroll If you have ever opened a brokerage account with an advisor, you know the first step is gathering information to determine the risk profile and appropriate investment allocation for the individual. In order to determine the appropriate allocation for a client, financial advisors will inquire about income level, savings…read more →

Plan-Level Rate of Return—Useful or Useless?

Plan-Level Rate of Return—Useful or Useless? By Marcie Carroll Many people use plan-level rates of return to determine the quality of an investment lineup. However, several variables may impact plan-level rates of return making them not as useful as a plan management tool. They may actually be counterproductive when trying to determine the quality of an investment lineup. As an…read more →

When Participants Retire, Should Their QDIA Retire as Well?

When Participants Retire, Should Their QDIA Retire as Well? by Marcie Carroll Many retirement plan sponsors are increasingly recognizing the benefits of allowing retired employees to leave assets in the defined contribution (DC) plan. This arrangement can be a win-win for both plan sponsors and participants. Fat retiree balances may improve plan economics, allowing plan sponsors to negotiate lower fees….read more →

Recruit, Retain, Retire – Reframing Financial Wellness

Recruit, Retain, Retire – Reframing Financial Wellness By Marcie Carroll So much of the financial wellness conversation to date has focused on the potential health care cost mitigation of adopting organizations. A more effective angle, however, may come in the form of the company’s increased ability to recruit, retain, and allow a happier workforce to retire on time. Wellness Programs…read more →

Should a Retirement Plan Implement a Fee Policy Statement?

Should a Retirement Plan Implement a Fee Policy Statement? By Marcie Carroll For the client who may be concerned about fiduciary compliance, a fee policy statement may give comfort. Like all other fiduciary actions, the value of this statement is a function of how well it is written (not too loose nor too tight) and how consistently a plan sponsor…read more →