Plain-language articles for plan sponsors and business owners on ERISA fiduciary governance, retirement plan design and investment management.
These articles explain how retirement plans work from the plan sponsor’s side: what ERISA expects of fiduciaries, how investment policies and lineups are managed, and how business owners and nonprofits can think about plan design. They draw on the areas Steven J. Musmanno works in as Chief Investment Officer of APS Pension & Financial Services and APS Investment Management in Melville, New York.
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Choosing plan funds is not a one-time decision. Here is how often sponsors typically review their investment lineup, what a review covers, and how to document it.
Read the articleDefined benefit and cash balance plans can let owners save more than a 401(k) allows, but they come with real funding commitments. Here is when they tend to fit.
Read the articleFor business owners, a qualified plan can do more than attract employees. Here is how it can support tax management, wealth building, and diversification beyond the business.
Read the articleAn independent fiduciary assessment tests the decision-making process behind a retirement plan. Here is what reviewers look at and what sponsors receive at the end.
Read the articlePrivate businesses use 401(k) plans, while public schools and 501(c)(3) nonprofits can offer a 403(b). Here is how the two plans differ for employers.
Read the articleRisk-based model portfolios give retirement plan participants a professionally managed mix matched to their risk level. Here is how they work and what to watch for.
Read the articleAn investment policy statement turns retirement plan investment decisions into a consistent, documented process. Here is what it covers and how it protects sponsors.
Read the articleSponsoring a 401(k) makes a business owner an ERISA fiduciary. Here is what that means, and how professional fiduciary support shares the work.
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