Great News for Retirement Contribution Limits

Great News for Retirement Contribution Limits

It’s official - nearly all qualified retirement plan limits will increase significantly in 2022, something the industry hasn’t seen across the board in years. Employee deferral limits for 401(k) plans will increase from $19,500 to $20,500 next year.  Participants over...

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Retirement Plans Designed for Construction Companies

Retirement Plans Designed for Construction Companies

On February 9, 2021, Tom Santa Barbara, President of DirectAdvisors, spoke at The Bonadio Group’s New York State Construction Industry Conference. Tom’s main presentation — entitled “Retirement Plans Designed for Construction Companies” — focused on exciting...

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DirectAdvisors – Vanguard Video Podcast: What To Do When Markets Drop 20%

DirectAdvisors – Vanguard Video Podcast: What To Do When Markets Drop 20%

Stock market drops of 20% or more are an unfortunate fact of life for investors, and can be expected to happen once or twice a decade. If you sell when prices are falling, you may miss out on a recovery. Since no one knows when the recovery will start, or how long it will take for the market to bounce back, it is important to stay the course.

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DirectAdvisors – Newport Retirement Services Video Podcast: Pooled Employer Plans (PEPs)

DirectAdvisors – Newport Retirement Services Video Podcast: Pooled Employer Plans (PEPs)

DirectAdvisors is pleased to announce our 2nd video podcast in our ongoing retirement plan podcast series. Our guest in this episode was Matt Petralia, Regional Director, Northeast Region of Newport Retirement Services (Newport Group). Matt spent a few minutes speaking with DirectAdvisors’ Co-Founder and President, Tom Santa Barbara, on multi-employer plans, with a particular focus on Pooled Employer Plans (PEPs), which were introduced as part of the SECURE Act of 2019.

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DirectAdvisors — CEFEX Video Podcast: CEFEX Certification

DirectAdvisors — CEFEX Video Podcast: CEFEX Certification

DirectAdvisors is proud to announce our first video podcast! We were excited to have Matt Boyle, Director of Operations at CEFEX, as our first guest. Matt spent a few minutes this afternoon speaking with DirectAdvisors’ Chief Investment Officer, Jeff Ricchiuti, on CEFEX certification — what it means, how it benefits our clients, and what the CEFEX process involves.

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Fiduciary Liability Insurance vs. ERISA Fidelity Bonds

Fiduciary Liability Insurance vs. ERISA Fidelity Bonds

As you might be aware, fiduciary liability insurance and ERISA fidelity bonds are not one and the same. Both serve to mitigate risk for fiduciaries, and both are critical aspects of an employee benefit plan. However, it’s important to understand the differences between these two safety nets, as well as the degree to which your plan should be protected by each.

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New Department of Labor E-Delivery Rules

New Department of Labor E-Delivery Rules

The preparation of retirement plan account statements has traditionally required a great deal of paper, ink, time, and money. Printed statements that are mailed to plan participants are not environmentally friendly, are less secure, require more staff labor, and add extra costs to the administration of a retirement plan. With that in mind, a new e-delivery rule from the Department of Labor (DOL) could benefit your plan in a variety of ways.

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Retirement Plan Podcast Series #8 – Retirement Plan Fees Explained

Retirement Plan Podcast Series #8 – Retirement Plan Fees Explained

Fees have been a hot topic in the retirement services industry for some time now, and rightfully so. You don’t want your investment earnings to be eaten away by fees, but how can you tell what fees are being paid from your plan? And what fees are considered to be reasonable?  You want to know if what you’re paying is appropriate.

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Retirement Plan Podcast Series #6 – Staying Compliant: Tips for Administering Your Retirement Plan

Retirement Plan Podcast Series #6 – Staying Compliant: Tips for Administering Your Retirement Plan

As a Plan Sponsor, you’re tasked with all sorts of administrative requirements – determining eligibility of participants, providing required notices, depositing employee deferrals on time — the list goes on.  There’s good news though, you’re not in this alone.  DirectAdvisors has put together a helpful overview of these requirements to help you stay compliant and successfully navigate the administration on your plan.

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