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Procyon Perspectives

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Monthly market commentary

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03.30.2020

CARES Act – Impact on Retirement Plans

Retirement plans

On March 27, 2020, the U.S. House of Representatives passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) that was passed in the U.S. Senate on March 25, 2020. The President signed the bill into law on March 27, 2020. This brief is…

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03.18.2020

Fee Levelization and Defined Contribution Plans

Retirement plans

The growth of 401(k) or Defined Contribution (DC) plan investments has been on a steady climb since the beginning of this century.

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02.12.2020

The Winds of Change: Emerging Trends for Life Plan Communities

LPCs/CCRCs

We are at a crossroads where there is tremendous change facing the Continuing Care Retirement Community (CCRC)/Life Plan Community (LPC) industry.

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01.29.2020

Millennial Savings Plans – Is Your 401(k) Ready to Adapt?

Retirement plans

Today’s workforce is uniquely shaped in a way that we haven’t experienced before. Some workplaces may be employing people representing as many as four different generations – Baby Boomers, Gen X, Gen Y, and Millennials.

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01.08.2020

New Year, Long-Overdue Overhaul of the Retirement Industry

Retirement plans

The Setting Every Community Up for Retirement (SECURE) Act was signed into law late in 2019, marking the second time in three years new tax legislation passed at year-end. Why is it significant? The SECURE Act gives retirement savers a more robust toolkit to save…

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10.25.2019

Cybersecurity for Plan Sponsors: What You Need to Know and What Actions to Take

Retirement plans

Today, it is hardly surprising that the term “cybersecurity” is ubiquitous as the issue that regularly makes news headlines around the world.

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10.15.2019

Choosing a Retirement Plan

Retirement plans

Employers recognize that providing tax-favored retirement benefits makes good business sense. Prospective employees consistently rank the presence of a retirement plan as an important factor in deciding whether to accept a job offer.

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09.30.2019

Paying Too Much in Taxes? Consider a Cash Balance Plan

Retirement plans

The retirement plan landscape has undergone a series of radical changes in recent decades. For a long time, the traditional pension plan was dominant. Under these plans, employers put money into funds that pay retired workers, and sometimes their survivors, a regular income for the…

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08.23.2019

Looking at the Big Picture: Non-Portfolio Assets Matter

LPCs/CCRCs

Indeed, it’s really important to ensure that one is solving for the right problem. After all, arriving at any answer is not challenging, but arriving at the right one—one that will further your cause—is considerably more taxing. All investors can be guilty of a little…

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