Posts by William

The most popular measurement of 401(k) plan success is participation rate. We consider a high participation rate to be 90% or better. While participate rate is a good first step, it is only one of many ways to measure.

As a 401(k) plan sponsor, you have the option to delegate fiduciary responsibility for investment-related decisions. In doing so, it is imperative to make sure that a specific type of advisor be hired, known as a 3(38) Investment Manager.

Employers have a unique opportunity to educate their employees on the importance of saving for retirement. The fewer mistakes your employees make now, the more secure they’ll be in retirement.

Retirement plan sponsors are dealing with tremendous complexity, confusion and uncertainty. COVID-19 has changed every facet of society as we know it — including how you manage your 401(k) plan.

It is increasingly important for companies to understand their fiduciary responsibility and legal obligations. As a retirement plan sponsor, you are still responsible for adhering to the DOL’s ERISA guidelines, which govern and enforce the administration of 401(k) plans and their assets.

William Braddy, CFP®, a wealth manager with Kraft Asset Management, LLC, has earned the prestigious Certified Exit Planning Advisor (CEPA) designation after completing the Exit Planning Institute’s intensive program.

The following rules can help investors build and adhere to a well-designed investment plan. These guidelines may be instrumental in giving investors the best chance of achieving their financial goals.