Consider Giving Your 401(k) Plan a Mid-year Check

As we’re now into the second half of 2010, I thought I’d share some advice I read recently in Sunday newspaper.  Charles Schwab is encouraging individuals to perform a mid-year review of their 401(k) investments through the following simple processes: • Rebalance – Rebalancing means adjusting the allocations to the funds in your account back to …

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Classifying Expenses – Is it Program or Supporting Services

Not-for-profit organizations are required to report financial information about the functional classifications of expenses, such as major program services and supporting services. There is often confusion surrounding when to classify an expense as program related versus supporting services (which is usually management & general or fundraising).  Program services are activities that result in goods or …

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