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Financial Wellness Reaching Majority Status

January 24, 2018 | Category: Participant Outcomes | Posted by Ashley Naab

Your company is likely among the majority that not only want to help employees with their non-retirement financial matters but also are offering tools to make it happen. That statement can be made with some degree of confidence, because according to the Aon Hewitt 2017 Hot Topics in Retirement and Financial Wellbeing report, 59% of […]

ProCourse Named One of the Top DC Advisor Firms

December 7, 2017 | Category: ProCourse News | Posted by Ashley Naab

  The National Association of Plan Advisors has published its first-ever list of top defined contribution (DC) Advisor Firms. ProCourse is honored to be listed.   The NAPA Top DC Advisor Firms is a compilation of leading individual advisor firms, or teams, ranked by DC assets under advisement.   “Since their inception, NAPA’s various industry […]

Advisor Earns Certification in Behavioral Finance

July 10, 2017 | Category: ProCourse News | Posted by Ashley Naab

  Deana Harmon, CIMA®, AIF® recently enhanced her industry knowledge online by completing the Investment Management Consultants Association® (IMCA®) Applied Behavioral Finance Certificate Program. Designed to address common behavioral challenges that trip up investors and advisors alike, IMCA’s program features notable experts from leading business schools and presents in-depth, thoughtful, and interesting research from the […]

How Well Do You Know Your Advisor?

June 15, 2017 | Category: ProCourse News | Posted by Brea Dantin

    Have you heard of a little trend called podcasts? I have to admit, I had heard of it but never spent much time listening to them or searching for “the one” that would hold my attention. I have also read articles that say don’t start a podcast. This was confusing to me as […]

Selecting a Retirement Plan Auditor

January 10, 2017 | Category: Governance | Posted by Doug Prince

Is Selecting an Auditor a Fiduciary Decision?   The Department of Labor has weighed in on this topic quite a bit as of late and is “encouraging” plan sponsors to put more thought behind who you select and why.  So in other words, the Department of Labor believes this to be a fiduciary decision.   […]

The New Flexible Retirement

December 14, 2016 | Category: Plan Design | Posted by Ashley Naab

Could a Flexible Retirement Program Work for Your Organization?   According to the World Population Aging Report, by 2050, the number of those age 60 and older is expected to increase to over 2 billion (up from 841 million in 2013).With an aging population, increased life expectancies and lower birth rates, employers are already anticipating […]

Document Retention: Loans and Hardships

December 9, 2016 | Category: Documentation | Posted by Ashley Naab

Hardship and Loan Distributions: What Documents Need to be Kept One area where Plan Sponsors have a lot of confusion is around documentation regarding hardship withdrawals and loans. Even if hardships and loans are processed through one of the plan’s vendors, the Plan Sponsor has a responsibility to obtain and retain the documentation (either electronically […]

10 Steps for Hiring a Managed Accounts Provider

September 8, 2016 | Category: Participant Outcomes, Plan Design | Posted by Deana Harmon

Does your company’s retirement plan offer managed accounts services to participants? Conceptually, managed accounts sound attractive –simply, an investment management service for retirement plan participants who need help. In its most basic form, this service designs a series of portfolios with varying risk and return characteristics using some or all the investment options offered in […]

Auto Enrollment – Not for Everyone

June 30, 2016 | Category: Plan Design | Posted by Ashley Naab

  Automatic Enrollment Automatic Enrollment is the go-to solution for a society that tends to have a “do-it-for-me” attitude, but let’s be honest, from a business point of view, if there is a company match, this can be expensive and administratively difficult if you have significant turnover for a segment of your workforce. For these […]

DOL Audits Restore Millions

June 9, 2016 | Category: Fees & Expenses, Governance | Posted by Ashley Naab

Millions Restored Towards Plan Participant Balances The Department of Labor released how much money they were able to restore for ERISA plan participants. The DOL Employee Benefits Security Administration (EBSA) collected $696 million in the 2015 fiscal year to restore participant balances. With $8.7 trillion in plan assets (including retirement health and other welfare benefit […]