Business Solutions Insights

Tibble v. Edison and Our 5 Areas of Focus for Retirement Planning

Kevin J. Beaulieu AIF®, ChFC®

Earlier this year, the Supreme Court made a landmark decision in Tibble v. Edison International* that has brought retirement planning and fiduciary obligation to the forefront of the news. As a retirement plan provider, you may be wondering how this case might affect you, your employees and your fiduciary responsibilities.

Make Your 401(k) Work Harder for Key Employees

New comparability plans optimize the qualified plan benefit acting as both a powerful management tool and means of rewarding top-tier employees who are typically closer to retirement. 

Business owners often struggle to balance a 401(k) benefit program that passes non-discrimination testing with also providing a compelling retirement compensation package to key employees.  A New Comparability Plan is a surprisingly easy and overlooked profit-sharing plan design feature that enables employers to significantly increase the plan contribution for select employees who are key to company performance while remaining comfortably compliant.  The design feature is simply built into employers’ existing plans; no new plan needs to be implemented.

401(k) – Scorecard System

We offer the RPAG Scorecard System™

Having a diligent fund analysis process has never been more important.

With the recent Supreme Court Tibble v. Edison ruling, it’s clear that employers who don’t consistently review performance and costs of  retirement plan funds may be vulnerable to regulatory scrutiny, headaches and penalties down the road.

100+ Years of Experience
Established in 1909, Independence Financial Partners' history is a testament to our dedication to our clients. Today, our full service firm serves Southern New England from its main offices in Warwick, Rhode Island and Rocky Hill, Connecticut.

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Independence Financial Partners has been helping individuals, families and businesses achieve their financial goals for over 100 years.

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