Annual 401(k) Plan Notices

Instead of sending out an article this month we are sending out to our 401(k) participants the QDIA notice, Fee Notice, Summary Annual Report (SAR), and where applicable, Summary Plan Description (SPD), Summary of Material Modifications (SMM), and/or a Safe Harbor Match notice. For those with a Plan year ending on December 31st, these notifications should be landing in your inbox or mailbox by Dec. 1st. In this short letter we would like to give you a brief description of what each of these notices are. QDIA Qualified Default Investment Alternative. The Plan Sponsor is required to invest money in a participant’s account in which the participant does not select an investment option. The

Interest Rates, Tariffs, Mid-Term Elections & GE

For the past several years, part of our forecast has been a view that interest rates would begin to move higher. It is only fair to point out that until this year, interest rates, as measured by the U.S. Treasury 10-year Note, have been relatively steady and not demonstrated any kind of desire to move higher. However, this year we have experienced U.S. economic growth that should exceed three percent for the year, a first in nearly a decade, higher energy costs, increased wages, and full employment. Interest rates have moved up to the target range we projected at the beginning of the year and we believe they will hold on to these levels and gradually move higher over the course of the nex

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