Impact of Investment Expenses

Here’s a chart that compares the tremendous impact of two different schedules of annual expenses on the performance of the same underlying portfolio. DATE: July 2013 Source: Dimensional Fund Advisors.  Rev July 2013 © 2013 Schultz Collins, Inc. All rights reserved.   This document does not constitute a recommendation of or solicitation to provide services…. Read more »

Investment Policy Statements for Defined Contribution Plans

When we first authored a white paper on Investment Policy Statements (IPS) for defined contribution plans in 1999, many DC sponsors seemed reluctant to develop and adopt an IPS. Survey information from the Plan Sponsor Council of America (PSCA) indicates that only about half of DC sponsors maintained an IPS in 1999, and that far… Read more »

Growth of 401(k) Plans and Fees

Over the decades since Section 401(k) was added to the Internal Revenue Code in 1978, 401(k) plans have become the primary retirement savings vehicle for most Americans. The Investment Company Institute (ICI) reports that at the end of 2012, 401(k) plans held approximately $3.6 trillion in assets, the largest single plan category in the almost… Read more »

Distinguishing Characteristics

Serve as an ERISA 3(21) investment fiduciary Since our firm’s inception, our Consulting Services Agreement has acknowledged our role as a fiduciary providing investment advice. Consequently, we assume a commensurate level of fiduciary responsibility for our investment advisory services. Independent investment advisor As an independent investment advisor, we act in the best interest of our… Read more »