We don’t just advise. We teach. 

At BenefitWorks, we sincerely care about our clients.

There’s an old saying, “Give a man a fish, and he’ll eat for a day. Teach a man to fish, and you feed him for a lifetime.”

That wisdom also applies to investments. 

Whether you’re an individual or a business with a 401k plan, you need to be an informed investor and have a basic knowledge of investment principles.


 

Topics for Plan Sponsors & Trustees

Plan Sponsors, Trustees and other retirement plan decision-makers share fiduciary responsibility for plan management. All efforts should be focused on what is in the best interest of plan participants. 

BenefitWorks is here to help. We educate Plan Sponsors and Trustees to help you fulfill your fiduciary role and take steps to mitigate your fiduciary liability. The articles below include information about best business practices and pitfalls to avoid.

Number of Funds to include in a 401K plan

You know the old adage “Keep it Simple”? That also applies to the offerings in your company’s retirement plan. Experts have identified a sweet spot for plans – no more than 15-20 investment options.

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Monitoring Investments: A Fiduciary Duty

If Plan Sponsors or Trustees are managing the plan themselves, the law holds them to a standard of “prudent expert.” That standard is waived if the sponsor hires a professional.

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Topics for Plan Participants & Individual Investors

If your company offers a 401k plan, BenefitWorks can help you make intelligent choices from a vast selection of available investments. BenefitWorks utilizes independent analytical services that apply screening methods to compare and rate mutual funds based on performance and fees. We match your financial needs to your risk comfort level.

The Power of Compounding Interest

In your early earning years, the temptation is to procrastinate saving for retirement. Making a commitment in these early years will pay huge bonuses in your retirement years. That’s the power of compounding interest.  

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Target Date Funds Explained

Based on your age and risk tolerance, target date funds can help take the guesswork out of financial portfolio building.  Also known as lifecycle or age-based funds, these investments have dynamic allocation mixes that become more conservative as your target retirement date grows nearer.

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Risk Tolerance Questionnaire

This questionnaire can help you determine how to allocate your retirement plan contributions among the different and many investment choices. There are no "right" or "wrong" answers, only responses that reflect your situation. Your score will provide a starting point for allocating your contributions (as well as your existing balances) among available investment options.

Complete the Questionnaire.