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Artist, sculptor, educator Jim Sampson remembered by friends and family

GoLocalProv | To Roth or Not to Roth in Your 401(k)? It s All About the Earnings

Monday, April 26, 2021   View Larger + Since 2006, 401(k) and 403(b) plans have had the ability to add a Roth component inside the plan. And while adoption of this feature has picked up amongst employers, usage is still fairly low compared to adoption in IRAs. So what is holding employers back? Here are a few common misconceptions about Roth 401(k)s. Roth contributions will make my plan more difficult to manage. Adding Roth is simply an additional deduction code that payroll companies will add to their systems, making this very simple to administer. Record keepers are all able to add and track this feature as well.

GoLocalProv | Active or Index Funds – More Perspective on Your Plan s 401(k) Fees

Monday, March 15, 2021   View Larger + 401(k) fees have been a hot topic in the news for many years now and, more often than not, the focus is on the evils of these fees. Much of the coverage, however, doesn’t tell the whole story. It’s time to dispel yet another myth about fees within 401(k) plans: the difference between actively-managed mutual funds and passively-managed funds, otherwise known as index funds. Let’s start by repeating the ground rules for 401(k)s. When looking at ERISA (Employee Retirement Income Security Act of 1974), which governs 401(k) plans, it clearly states that 401(k) fees shall be REASONABLE for the products and services delivered. Nowhere in ERISA does it say that a plan must have the lowest fees. 

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