Many 401(k) providers use terms such as “open architecture 401(k)” and “fee disclosure” in their marketing efforts, but what do those terms really mean? Instead of limiting a plan to a specific list of funds, a true open architecture 401(k) format allows plans to select investments from hundreds of mutual fund families and exchange traded funds (ETFs) without impacting the provider’s fees to the plan. This design allows plan sponsors and plan designated investment advisors to fully customize their fund lineups based on the needs of their participants.
Fee disclosure, also known as “fee transparency” occurs when the 401(k) provider ensures that the plan sponsor and plan designated investment advisor can see exactly what they are paying for within the plan. With “full fee transparency,” all fees (, 12(b)1 fees, sub-transfer agency fees etc.), in addition to provider fees, are fully disclosed and explained to the plan sponsor and the plan designated investment advisor.
Full fee transparency is important because while many 401(k) plan providers allow plans to customize their fund lineups, some providers alter the fees they charge based on the funds chosen for a particular retirement plan or reduce the amount of revenue sharing passed through to the plan. (Revenue sharing can be defined as fees paid by the mutual fund companies to service providers for performing recordkeeping services and/or sub-transfer agency services to retirement plans.) These incidentals greatly influence the bottom line of a participant or plan balance. Examples of these fees or limitations include:
*Charging additional fees if the plan chooses funds that that are outside of the 401(k) provider’s standard group of funds.
*Varying fees charged to the plan based on revenue-sharing arrangements between the 401(k) provider, third party administrator and fund families.
*Limiting the selection of investments to a list of funds that pay the provider a certain amount of revenue share
*Requiring that plans include a specific number funds that are sponsored by the provider
As a fiduciary, plan sponsors or the plan designated investment advisor must act solely in the interest of the participants with the purpose of providing benefit to them. Therefore, it is important that the plan sponsor and the plan designated investment advisor understand all of the fees charged to the plan and its participants.
In the past, providers had the option to wrap these fees in with plan costs, making the fees difficult to find or understand. In January 2012, the Department of Labor will implement Rule 408(b)(2) which requires that covered 401(k) providers fully disclose all fees to plans.
At the same time, the DOL will implement a participant disclosure rule requiring covered plans to disclose all investment related fee information to its participants. These regulations will help both the plan and its participants become fully aware of what they are paying in their retirement plans.
A true open architecture 401(k) format will allow the plan to select from nearly all registered mutual funds or ETFs without seeing their plan fees adjusted.
The NATA (National Aptitude Test in Architecture) will open the gates of the best architectural and design colleges in the country for you as it acts as the gate pass for entering the prestigious institutions in India .The National Institute for Advanced Studies in Architecture is responsible for holding the NATA examination, The Council Of Architecture is the governing body for this entire activity.
One of the best things about the NATA examination is that every aspirant from all walks of life are given an equal opportunity to apply for this examination which proves to be a tough challenge for all those who want to reach high skies. This means the probability of a candidate clearing NATA is low. But that does not deter the confidence of all these candidates that apply in lakes for a shot at the examination in a quest to emerge victorious.
A candidate can appear for the NATA examination round the year between 1st March and 30th September at the test centers spread over the states. The criterion for being eligible to appear in the NATA examination is a 10 + 2 with Mathematics or a degree from a recognized university/institution with an aggregate of 50%. The candidate should have attained the age of 17 years at the time of appearing for the examination. Candidates holding International Baccalaureate Diploma with an aggregate of 50% and Maths as a subject can also enroll themselves.
The NATA examination is divided into two sections. Firstly they have to appear for the Paper Based Drawing Test which comprises of 2 questions with one of the question containing a sub question .A candidate ahs two hours to complete the paper. Secondly they have to give the Computer Based Aesthetic Sensitivity Test which comprises of 40 questions which have to be completed in 2 hours. Both the test covers the key areas that a candidate needs to be excellent in to become an architect.
The candidates who need an extra guidance in NATA can also approach the coaching institutes which help them in deciphering the examination in a simple way. BRDS (Bhanwar Rathore Design Studio) has been working with so many students who have, with their guidance cleared the NATA examination.This institute has faculties from NID and NIT who have used their experience and inculcated the same in these candidates which has helped them make a mark.
Home improvement projects often focus a lot more on beautifying homes, especially the interior. But the fact is, some of the most vital home improvement projects are those required for your homes exterior. With spring coming to a close and summer nearing, here are 3 very important and practical projects to consider. They may not attract the spotlight, but improving these areas will keep your family and home intact and solid for years and years to come.
Insulation replacement when you need it
Summer is the best time to have your insulation checked by professionals. Remember that it’s important to have your insulation checked thoroughly. When needed, the replacements should be installed in a precise and accurate manner. Consult installation professionals like Ohio Exteriors on how to proceed. They have been successfully installing or replacing home insulation and may be able to advise you on how to proceed.
Siding solutions made easy
Making your home beautiful inside and out gives it its homey charm and curb appeal. Well-chosen and manufactured siding can give you the level of style, protection and comfort youre looking for. As important it is to choose the right siding for your home, its also as vital to choose a professional siding installer who can do the job properly. Luckily, you dont have to look that far. There are many well-established contractors, like Ohio Exteriors, serving the residential areas in and around Columbus, Ohio.
Comfort for your family, a sturdy roof over your head
Another essential home improvement project you can do this summer is having your roof checked. This often-overlooked but essential task is one that requires some professional skill. If you can, schedule an annual checkup during summer. Home improvement contractors like Ohio Exteriors not only offer a wide variety of roof and roofing materials, they also offer professional services, making sure to check every inch of your roofing for leaks, gaps and holes that may compromise your homes interiors.
Improving your homes overall performance and lifespan
Granted, these home improvement projects may not be as glamorous as renovating your kitchen or as exciting as creating a new outdoor living space. But these improvements will keep your family comfortable as well as extend the lifespan of your home. This spring and summer, indulge in a home improvement project by prioritizing your roofing, siding and insulation, and enjoy living in comfort and safety for many more years to come.
There are plenty of subscription based home improvement magazines and there are even more free “junk mail” home improvement magazines. But before you just assume that magazines are pointless junk mail, consider that you might be able to get ideas from a home improvement magazine without paying the incredibly high price.
However, that is not to say that you should never buy materials from a home improvement magazine. In many cases, these magazines have high quality goods that you can buy if you have no idea what you are doing. They provide installation guides which you are not going to get if you just try to build a desk from raw materials. Just remember that you are going to pay more.
If you are looking to save some serious cash then read the magazines just to find out what the latest and most popular styles are. This way you do not have to pay an interior designer to tell you how to decorate or perform home improvement on a room. In addition because you are buying raw materials from scratch rather than pre-finished, you are most likely going to get a higher quality product especially if you buy higher quality wood. Buying higher quality wood and making all the cuts yourself can save you a significant amount of money.
Perhaps the most important reason to read home improvement magazines is to find simplistic projects that will not take a significant amount of time. For instance, built in bookshelves that are designed in the latest style may be a really easy project for you to do on your own rather than paying the high end price that the magazine is going to want you to pay. This benefit alone can be worth the small amount of time it takes to read through a magazine.
As you can see, there is a benefit to reading those magazines. So when you get your mail, think twice about putting that home magazine straight in the trash. It might just spark a brilliant design idea.
Gimlet and also bradawl would be the other tools necessary in making holes in different types of wood and also for screwing as well as nailing various sections of wood. Just before beginning this kind of work you’ll require hand drills that are readily obtainable in the market. Ordinary looking hand drills together with various sized twist drills can be found in the hand drill package with regard to drilling holes in various kinds of wood. For drilling holes in the hard wood planks the breast drill fits best.
Basic tools are the most effective:
Simple looking tools are just sufficient for use if you are a rookie. Skilled carpenters and also workers need specifically designed tools to have the ability to perform complicated as well as faster kinds of labor. Newbies are not too familiar with regards to using different home tools. A carpenter who is a beginner has to utilize more pressure while using tools such as twist drill, as well as has to get it done with skill, otherwise the twist drill could bend and actually break.
When purchasing hand drills, you will also get the drill bits included in the package. With regard to light drilling jobs the Archimedean drill is obtainable in the market, which could be used on lighter woods. Holes in solid wood can be drilled by the carpenter’s brace for drilling holes of huge diameters. Auger bits are useful for drilling big holes.
Tools – practicality and also efficiency:
Screw drivers can be purchased in several sizes as well as these are an essential tool in the home kit. Bigger wood screws need the cabinet type screw driver, whilst the working on some other kinds of screws, the pump action style of screw is better. Force needs to be applied when using a screw driver and a novice needs to be very careful while he uses the screw driver similar to the slide, his fingers might get trapped. Many of the screw drivers such as the Philip screw driver and also the standard purpose screw drivers have grips that are flattened and help in gripping the tool better.
A number of fundamental tools utilized by carpenters would be the special tipped drills for drilling holes in walls. Drilling light and finer holes can be achieved with the Archimedean drill and point tipped drill bits. For cutting large circles in wood that is not really too thick, a beginner has to likewise purchase the hole-saw for cutting bigger circles. For boring holes in wood a screw driver needs to be completely avoided. Besides the above mentioned home tools, we should not forget the most important tool, and that’s the hammer. They’re a must in every house, as they are used for nailing a nail or perhaps used for pulling out nails from the walls as well as pieces of wood. While working on metal, the mechanics hammer as well as the Warrington hammer must be used. With regard to heavy duty work the sledge hammer suits best.