Have you been keeping up on what's going on in the savings and retirement industry? If not, here's a chance for you to learn about some of the latest developments in the industry could mean for you and your staff. There's also information about how to make sure your employees are preparing for life in retirement. Read it here..
Fiduciary Rule FAQs Released by DOL
The U.S. Department of Labor (DOL) officially made the "Fiduciary Rule" effective on June 9, 2017 after an initial 60 day delay. A detailed description of the rule, its implementation and effects can be found
here. The DOL also released a Fiduciary Rule Conflict of Interest FAQs document, which you can read in its entirety
here.
Deferred Compensation Terms
Basis Points - Common units of measure when quoting fixed account yields, interest rates and retirement plan charges and expense. One basis point equals .01%, therefore 100 basis points equals 1%.Visit our participant website to learn other definitions.
Share Deferred Compensation-related Articles with Your Employees
Ohio DC can provide monthly articles on retirement issues for your newsletter or Intranet. This month's article on the employer website is
Employers Help Workers Save.
Download articles on healthcare in retirement, what is deferred compensation, fees, and more.
Learn more.
If you received this email you are on the list for future employer communications. If this was forwarded to you, you can join our list by
contacting us.
Message from the Executive Director: Keith Overly
Keep Staff Engaged in Retirement Planning
We meet a lot of people at Ohio DC who tell us that they wish they had started saving earlier in their careers. Sometimes they felt uncomfortable with investing, sometimes they thought they still had plenty of time. We try to remind everyone that it's never too early to start saving.
One of the best ways to get people to start saving is to get them personally engaged in planning their own retirement. Here at Ohio DC, we have a team of retirement experts dedicated to doing just that. If you or any of your staff would like to learn more about what our experts have to offer them, this link is a great place to start.
