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Benchmarking your plan is about more than just fees and expenses

It’s about helping you identify opportunities, achieving greater employee outcomes and minimizing your fiduciary risk.


Understanding House Bill 7161 and its impact on your 403(b) plans

On June 27, 2017 Connecticut Governor Dannel P. Malloy passed an act that will bring non-ERISA 403(b) plans closer to ERISA 403(b) plans. The new law, which covers plans in Connecticut K-12 school districts, is the first in the country to require a much higher level of fiduciary standards for these types of plans.


Choosing the best fee allocation model for your 401(k) plan

We all know that paying for the administration of a retirement plan adds an expense to the bottom line.


Summer Reading

Regardless of how the delivery of books are evolving, the value they bring to our lives will never change. Starting in the middle of the 20th century, the world of finance and investing became more popular and consequently, so too did books on the subject.


Mutual Funds

Of the investments available to the public, mutual funds are easily among the most popular. Using a mutual fund, an average person can make use of a professionally managed and properly diversified investment without spending a tremendous amount of money.


Part 1 : Engaging HCE plan participation

Are your most vital employees saving enough for retirement? Ensure that the retirement plans you sponsor are effective and attractive to high-value employees.

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Part 2: The best retirement packages for your HCEs

Now that you've engaged your employees in participation, discover how to optimize their plan under HCE rules.

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Pension Liabilities

Pension plans have always wrestled with finding an appropriate balance between risk and return in the investment portfolio, and today's investment environment is not making that struggle any easier.


DOL Fiduciary Rule

On April 6, 2016, the Department of Labor issued the final version of its Fiduciary Rule. This new rule is the single biggest change affecting the way investment advisors provide advice to retirement plans since ERISA was introduced in 1974.


Teaching Kids About Money

As a parent, it’s your responsibility to teach your children about the world, including how to manage money. Financial literacy is one of the most important lessons you can impart on your children to make them successful in adulthood.


Saving Early for Retirement

There is no better time to put your money to work than when you are young. Learn how saving early can prevent future stress and keep more money in your pocket.


The Power of Compounding

Compounding is often referred to as “magical” because of the way it can help your savings grow. However, while its power is impressive, the way it helps you is simple math, not magic.


The Tax Advantages of Funding Higher Education

Paying for college is one of the biggest challenges facing students. Depending on the adjusted gross income of your family and other criteria you may be entitled to a tax refund of up to $2,500. Learn if you qualify for either of these programs.


Do Retirement Plans Without Limits Make Sense for Your Bank's Executives?

Since the passage of ERISA in 1974, plan sponsors have been trying to balance the delivery of retirement benefits (defined benefit or defined contribution) between qualified and nonqualified plans. A fundamental objective of either a qualified or nonqualified plan is the deferral of taxes.


Explore Your Rollover Options

You’ve decided to make a change in employment. Now you need to decide what to do with the 401(k) or 403(b) plan that you have with your former employer. According to a 2010 Fidelity survey of employees who made a job transition, almost one third were unsure of what to do with their workplace retirement plans.


Five Ways to Maximize Your 401(k) Benefits

There’s never a bad time to learn what you can do to maximize the tax benefits you receive from participating in an employer-sponsored 401(k) plan. We offer these five easy tips to ensure you’re making the most of your workplace retirement plans.


Social Security 101: Making the Most of Your Benefits

We all dream of a secure, comfortable retirement. Today, because we are living longer, we can expect to spend more time in retirement than our parents or grandparents did. That’s why it’s more important than ever to plan for your financial future now, to ensure you have the security needed in your golden years.


Traditional IRA vs Roth IRA—which is best for me?

While it may seem like a very easy decision, there are many factors to consider before choosing which type of IRA is your best alternative. The summary below provides some of the differences between a traditional IRA and a Roth IRA, their eligibility requirement and other factors to consider when choosing the right account.


What the Fiduciary Are you Talking About?

Since the passage of ERISA in 1974, plan sponsors, both for-profit and non-profit, have been wrestling with who is and who is not a fiduciary of their retirement benefit plans. In addition, a plan must have at least one fiduciary named in the plan document. Either a named person or entity (or persons or entities) must have the authority to manage and control the operation of the plan.


Pros and Cons of Target-Date Funds

Rebalancing your portfolio as you get closer to retirement is one of those financial upkeep talks that goes undone for many investors each year. Some don’t know how to rebalance their portfolio or even that they should be doing it. Others just can’t decide what the best asset allocation is for their age. Target date funds attempt to solve this problem.


The Value of Professional Financial Planning

Learn how professional financial planning can help you reduce your money stress and safeguard your financial future.


Understanding Required Minimum Distributions

After years spent saving for retirement and allocating non-taxed dollars into your retirement savings, the time will come when you have to pay tax on that money. Learn more about Required Minimum Distributions and how to be sure you are satisfying IRS requirements.


CBIA Benefits Survey (13th Edition)

CBIA’s Benefit Survey Report (13th edition), sponsored by C.M. Smith Agency, Inc., and Hooker & Holcombe, contains information submitted by 297 companies throughout Connecticut. The report is divided into three sections: time off; health and other insurance benefits; and retirement benefits. A demographic summary of participants appears on page 39.


CBIA's Executive Compensation Report (8th Edition)

This, the eighth annual survey of compensation and benefits for Connecticut’s top executives, contains information on base salary, total compensation, incentives (short- and long-term), and benefits related to executive compensation.