Reflecting on the year that’s passed or making plans for the year ahead, both come to mind as we prepare to ring in another new year. And so we hope 2015 was a year full of health, happiness and success for you and your family and wish you a Happy New Year. The past year was a big one for... Read More
Forbes contributor John Wasik wrote an article recently titled Is Your 401(k) Overpriced? Three Ways To Tell. In the article he compared Intel’s 401(k) plan to the similar sized plan of Accenture ($7 billion vs. $6 billion in assets respectively) using his three-step framework of: Compare plans of similar size What are the expense ratios? What does this cost you?... Read More
As you may know, a former employee is suing Intel over its management of the company’s retirement plans. The lawsuit is getting a fair amount of press with the NY Times, Morningstar (free account required), and The Oregonian running the story over the last few weeks. We had a chance to share our thoughts with Mike Rogoway for his Oregonian... Read More
Most investment options within the Intel Retirement plan have the following disclaimer right at the top of the fund summary sheet: Information on this investment option was provided by your plan sponsor, plan trustee, investment manager, trustee or third party data provider. This investment is not a mutual fund. So, if it isn’t a mutual fund, what is it? These... Read More
Anyone using the BrokerageLink® account within the Intel 401(k) may have received a letter from Fidelity in the past few weeks. The letter is a notice that certain investments are no longer eligible to be held in the account. As a result, any current holdings in these investments must be liquidated. Let’s take a look at Fidelity’s change in policy.... Read More
Within the Intel 401(k) account is an additional benefit that, in our experience, not many at Intel are using: the BrokerageLink® account. Just the other day we heard from an Intel employee who was disgruntled that Fidelity “continues to limit the investments options available in the 401(k).” There are a handful of quality options in the Intel 401(k) fund lineup,... Read More
Last week “The Oregonian” ran an article regarding the investment manager change Intel is making to its target date and global diversified funds. Intel has hired AllianceBernstein (AB) as the investment manager for these funds within 401(k), retirement contribution and SERPLUS accounts. As the investment manager, AB will “design, monitor and adjust each fund’s asset mix.” The author reached out... Read More
Recently, the Oregonian ran an article on Intel’s retirement plan and their use of hedge funds investments. If you didn’t get the chance to read it, the article discusses Intel’s use of hedge funds in its retirement plans and “forcing” company contributions into them. The author wrote that his “logic board” locked up upon this discovery. (It may be time... Read More
