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Plan Sponsor News - April 2025 |
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Welcome to the latest edition of our Plan Sponsor Newsletter. Fiducient Advisors is committed to providing relevant updates, insights and strategies to help you manage your retirement plans effectively. In this issue, please find valuable information on fee benchmarking, the evolution of QDIAs, the potential benefits of cash balance plans and a recent webcast discussing market volatility.
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Navigating Fee Benchmarking in a Litigious Era |
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By: Paige Thompson
Consultant |
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In today's litigious environment, sponsors of 401(k) and 403(b) plans face increased scrutiny regarding the fees associated with their retirement plans. Ensuring fees are reasonable is not only a fiduciary duty under the Employee Retirement Income Security Act (ERISA), but also a safeguard against potential lawsuits alleging excessive fees. Recent legal actions highlight the importance of diligent fee benchmarking and... Read More > |
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The Evolution of Qualified Default Investment Alternatives:
Key Developments and Trends in 2024 |
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Global retirement assets (pension & defined contribution) reached an estimated record high of $58.5 trillion in 2024, including $26 trillion of defined contribution assets in the United States.1 Target date solutions continue to be preferred by an overwhelming majority of Plan Sponsors, serving as both the most common default offering and the largest recipient of participant cash flows in investment menus. Target date funds are the QDIA in 98% of plans, according to Vanguard’s How America Saves 2024 report, a figure that has... Read More
1Global pensions assets climb to record USD 58.5 trillion – Thinking Ahead Institute |
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By: Sean McCaffery, CFA
Principal, Senior Defined Contribution Research Specialist |
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What do you enjoy about your role at Fiducient Advisors?
I really enjoy the relationships I've formed with colleagues, clients and Defined Contribution (DC) plan vendors. The DC Consulting Analyst position is very fast-paced and requires a lot of attention to detail. Our team is truly a team and is incredibly helpful and supportive of one another. Everyone pitches in to help deliver a quality experience for our stake holders, whether that be clients or consultants. (Bonus: the people on our team are funny!) There's also a lot of variety in the job - always something challenging to tackle. I'm a deeply curious person and love learning, so it is very rewarding work. I appreciate the opportunity to leverage specialized knowledge and experience on a daily basis. |
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Anne Haynes
Senior Consulting Analyst |
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What experience from past roles did you bring to your role at Fiducient?
Before getting into the retirement plan industry in 2012 I had a lot of experience in the financial services industry. The skills I brought from my tenure in private banking, commercial real estate and high-end home construction lending serve me well in my current role - white glove service, responsiveness, attention to detail and numbers - always the numbers. I learned early on in my career one should "plan your work and work your plan". I tend to use my calendar to organize my work and one of my colleagues recently told me he can't look at it without getting stressed out!
Is there a project you've worked on recently that you've found particularly rewarding?
I've been enjoying working with my Fiducient colleague Vin Smith, Partner & Defined Contribution Practice Leader, assisting in the formation and implementation of a few Multiple Employer Plans (MEPs) in the higher ed and K-12 space. |
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This report is intended for the exclusive use of clients or prospective clients (the “recipient”) of Fiducient Advisors and the information contained herein is confidential and the dissemination or distribution to any other person without the prior approval of Fiducient Advisors is strictly prohibited. Information has been obtained from sources believed to be reliable, though not independently verified. Any forecasts are hypothetical and represent future expectations and not actual return volatilities and correlations will differ from forecasts. This report does not represent a specific investment recommendation. The opinions and analysis expressed herein are based on Fiducient Advisor research and professional experience and are expressed as of the date of this report. Please consult with your advisor, attorney and accountant, as appropriate, regarding specific advice. Past performance does not indicate future performance and there is risk of loss.
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