INSITE is invested in your success and gives you access to over 2,000 success-minded advisors and 500 strategic providers to grow your network.
Discover new industry trends and hear from over 100 inspiring speakers throughout your three days in San Diego.
Fulfill your continuing education (CE) requirements for CFA, CFP, CWS or IMCA by attending qualifying sessions at INSITE 2017.
Governmental and tax-exempt employers have different retirement plan options available to them. How do these organizations know which option to choose? How are 403(b), 457(b) and 457(f) plans designed, administered and communicated to employees? Determine which combination of plans works best for your organization or your clients, and learn the new rules affecting these plans.
This one-hour seminar runs from 4:00 to 5:00 and includes hors d'oeuvres plus one drink ticket. All are encouraged to stay for happy hour from 5:00 to 5:45.
Seattle Speakers: Rich Birmingham, Partner at Davis Wright Tremaine and Javon Thurman, Director of Retirement for Providence Health and Services
Portland Speaker: Walter W. Miller, Shareholder at Schwabe Williamson & Wyatt
tax-exempt employers have different retirement plan options available to
them. How do these organizations know which option to choose? How are
403(b), 457(b) and 457(f) plans designed, administered and communicated to
employees? Determine which combination of plans works best for your
organization or your clients, and learn the new rules affecting these
This one-hour seminar
runs from 4:00 to 5:00 and includes hors d'oeuvres plus one drink ticket.
All are encouraged to stay for happy hour from 5:00 to 5:45.
Seattle Speakers: Rich
Birmingham, Partner at Davis Wright Tremaine and Javon Thurman, Director of
Retirement for Providence Health and Services
Portland Speaker: Walter
W. Miller, Shareholder at Schwabe Williamson & Wyatt
Pershing’s Retirement Plan Network was designed with advisors in mind. The network is an unbundled, open architecture platform that allows broker-dealers, RIA firms and their advisors to connect to independent retirement plan recordkeepers, hold assets in custody and leverage a suite of investment products, retirement plan tools and practice management solutions.
Today many 401k plans include provisions for a participant 401k loan. That means an employee can borrow money from his or her account and repay it through payroll deduction without incurring taxes or penalties.
This announcement provides the details of the changes to the Prime Rate and its effect on 401k loans.
What is the Prime Rate?
The interest rate that commercial banks charge their most credit-worthy customers. Generally, a bank's best customers consist of large corporations. The prime interest rate, or prime lending rate, is largely determined by the federal funds rate, which is the overnight rate which banks lend to one another. The prime rate is also important for retail customers, as the prime rate directly affects the lending rates which are available for mortgages, small business, and personal loans.
The Prime Rate went from 3.75% to 4% on 3/16/2017
How does this affect 401k loans?
Plan sponsors are tasked with setting the loan interest rate for the plan. For most participants, the interest rate is the Prime Rate plus one or two percent. However, this can be different for each plan. Spectrum tracks the Prime Rate in our recordkeeping system and will adjust the rate based on the current prime rate.
Participants who request a loan after 3/16/2017 will see an increase in the loan interest rate over the term of the loan.
As you consider the options in your 401k plan Spectrum Participant Services Specialists are here to help. Contact them today about your retirement plan.
Phone: (888) 565-401k (4015)
The landscape of retirement is changing, and this year's conference will focus on how those changes are transforming today's client experience. Together, we'll explore how to capitalize on those changes to drive growth in this new era. You'll leave with fresh ideas on how to scale your firm, drive business, and strengthen relationships.
Fidelity Learning Exchange
According to the most recent Fidelity Plan Sponsor Attitudes survey, 87% of plan sponsors use an advisor on their plan and for the first time, fiduciary responsibilities are the top reason for hiring an advisor.
Please join Fidelity Institutional Asset Management and Spectrum Pension Consultants for a roundtable discussion covering the topics below:
• Fidelity's retirement plan offering
• Retirement plan market landscape and trends
• Partnering with a Recordkeeper on your retirement plan business
• Yannis Koumantaros, Managing Director, CFO, Spectrum Pension Consultants
• Benjamin Leger, SVP, Fidelity Institutional Asset Management
Stan Smith, VP, Senior Relationship Manager, Fidelity Clearing & Custody SolutionsSM
Nicole Kautz, Director, Retirement Connection Program, Fidelity Clearing & Custody SolutionsSM
Who Should Attend:
Principals, advisors and firm decision-makers interested in the retirement plan business.
We received an RFP from a manufacturing plant owned by a foreign based company. Their HR team had totally turned over in the midst of our proposal opportunity. They were being serviced by a name brand mutual fund, but it had no advisor. They had mostly target date funds, low participation and low contribution rates.
We redesigned the plan to include auto enrollment and auto escalation and increased the matching contribution. We replaced the basic fund lineup with asset allocation models designed by an advisor, and showed participants how to become more retirement ready. A Blackrock service, called Future in Focus, played an important role also. As a result of our efforts, we won this $46 million plan.
Best Practice Learned
Brand name solutions don’t always include the proper plan design, especially when they are not local to the plan sponsor, as we were.
Advisors can generally provide better investment alternatives, including asset allocation models, than target date funds.
About Alliance Benefit Group (ABG)
Alliance Benefit Group (ABG) founded in 1992 is a consortium that provides services to over 22,000 Plans, more than 1.2 Million Participants, and administers north of $64 Billion in plan assets. Spectrum is the first west coast ABG affiliate, and the only firm west of Utah to be part of this consortium. Learn more here: www.abgnational.com.
About Spectrum Pension Consultants, Inc.
Spectrum is a leading service provider to employers sponsoring various retirement, deferred compensation and other employee benefit programs in the United States. Spectrum's services are tailored to the specific needs of each individual client and include: consulting and advice; plan management and administration; and employee communication and education services. Additional information about Spectrum is available at the company's website: www.spectrumpension.com.
The National Association of Plan Advisors, part of the American Retirement Association, is the only association created by and for retirement plan advisors. Membership is also open to other retirement industry professionals who support the interests of plan advisors.