Twelve Points Insights

Is Your 401(k) Plan Fishy?

Having grown up near the ocean in Massachusetts, I’ve always had respect for hard-working fishermen and women. But I don’t think I’ve ever met anyone who loved the smell of fish. Let’s be honest, it’s not the most pleasant aroma, which is why saying something “smells fishy” has a negative connotation. When something smells fishy, it’s an indication that something is wrong and needs your immediate attention.

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University Lawsuits: Will You Be Sued Next?

There has been a recent flurry of university lawsuits because of issues with educational institutions’ retirement plans. Yale, MIT, NYU, Duke, Columbia, Emory, Vanderbilt, John Hopkins and Penn are just some of the universities being sued for allegedly not acting in the best interest of their employees.

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Dave Clayman Earns Certified 401(k) Professional Designation

Co-Founder and Principal Dave Clayman was recently awarded the Certified 401(k) Professional designation, or C(k)P®, by The Retirement Advisor University in collaboration with the UCLA Anderson School of Management Executive Education. The C(k)P® designation distinguishes financial professionals who have demonstrated the knowledge and experience to favorably impact the outcome of corporate retirement plans.

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DOL: Whatcha Gonna Do When They Come For You…

Growing up in a family business, I learned that you are only as good as the people you surround yourself with. To quote my father Paul Federico, “My employees are my greatest asset. I make sure they know that every day.” Most companies put retirement plans in place to retain and reward their employees, but what they don’t realize is that they need to constantly monitor those plans. If they don’t, not only can it hurt their employees, but it can also hurt them.

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