Changing dynamics Archives - 401k Plan Optimization, Compliance, Investment & Partners

SECURE 2.0 Self-Certification: Why Easier Hardship Withdrawals Are Driving Plan Leakage

By Fred Barstein / 401(k) Plan Management, Changing dynamics, DC plans, Emergency Savings, Employee engagement, Fiduciary, Fiduciary, Financial Stress, Financial Wellness, Hardship Withdrawals & Loans, investment, SECURE 2.0, SECURE Act

SECURE 2.0’s self-certification rules mark a consequential shift in how hardship withdrawals are accessed, with meaningful implications for plan sponsors. By eliminating the need for...

In-Plan Retirement Income: From Exploration to Execution

By Fred Barstein / 401(k) Plan Management, Changing dynamics, Communication, DC Plan Sponsors, Fiduciary, financial stress management, Financial Wellness, Financial Wellness, Ideal Plan, in-plan retirement income solutions, Insurance, IRA Roll overs and Roll ins, PEPs, Retirement Committee, Retirement Income, Retirement Readiness, Target Date Funds

For years, in-plan retirement income solutions have generated plenty of interest but limited action. That’s about to change. The Institutional Retirement Income Council (IRIC) is...

Student Loan Wage Garnishment Is Back and Employers Are on the Front Line

By Fred Barstein / 401k plan, AI for Retirement, CEO Engagement, Changing dynamics, Communication, DC Plan Sponsors, Economy, education, Employee engagement, Fiduciary, Financial Literacy, financial stress management, financial wellness, Millennials saving, Plan design, Retirement Readiness, student loan, Student Loan Debt, Student loan wage garnishment

After years on pause, student loan wage garnishment has officially returned. The Department of Education confirmed that garnishment notices went out the week of Jan....

The Next Wave of 401(k) Record Keeper Consolidation

By Fred Barstein / Changing dynamics, Changing Recordkeepers, Consolidation, Convergence, Financial Wellness, Record Keepers, recordkeeper consolidation, Recordkeeping, Regs and Regulators, Retirement Plan Advisor Due Diligence

The 401(k) record-keeping industry is entering a new wave of consolidation, with more providers expected to merge or exit in the next three to five...

Why Plan Sponsors Play a Critical Role in Retirement Readiness

By Fred Barstein / 401(k) advisor trust, 401(k) Plan Management, 401k Advisor, benefit education, Changing dynamics, collaboration, Communication, DC Plan Sponsors, Employee engagement, Employee happiness, Fiduciary, Financial Wellness, Ideal Plan, Improving Outcomes, Retirement Committee, Retirement Readiness

Improving employee retirement readiness begins with helping workers make informed financial decisions today. When employees understand how their choices around saving, debt, and spending impact...

Is the 401(k) Industry Re-Bundling?

By Fred Barstein / Adaptability, Benefits integration, bundling, Changing dynamics, collaboration, Communication, Consolidation, Convergence, Employee Benefits, Financial Wellness, Healthcare & other benefits, Lifestyle Benefits, Target Date Funds

After decades of unbundling recordkeeping, advisory, and investment services, the 401(k) industry appears to be moving back toward re-bundling as consolidation and wealth-retirement convergence accelerate. ...

Switching Retirement Plan Providers? Don’t Skip These Steps

By Fred Barstein / Changing dynamics, Changing Recordkeepers, DC plans, Employee Benefits, Fiduciary, Financial Wellness, HR, Lifestyle Benefits, Plan design, Plan Optimization, provider due diligence, Retirement Happiness, Retirement Plan Advisor Due Diligence, Retirement plan providers, Roth 401k, Roth Contributions, Third party administrators

Changing retirement plan providers sounds straightforward. Move from Provider A to Provider B, transfer the assets, and you’re done. But anyone who’s actually been through...

When Employees Leave: Getting Termination Benefits Right

By Fred Barstein / 401(k) Plan Management, benefit education, benefits committee, Changing dynamics, COBRA, Communication, Compliance, DC plans, employee termination, financial wellness, Health & Wellness, Healthcare & other benefits, Lifestyle Benefits

Employee departures set off a complicated chain reaction affecting wages, equity, retirement benefits, and health coverage. Whether you’re dealing with a routine layoff, a negotiated...

401(k) Plans Are Changing—Here’s Why

By Fred Barstein / 401(k) Plan Management, 401k plan, Adaptability, Changing dynamics, Client connection, Convergence, Convergence & Advisor M&A, DC plans, erisa, Financial Advisors, Financial Wellness, Retirement Plan Advisor, WealthManagement.com

The 401(k) industry is buzzing about private markets, crypto, ESG, and PEPs, but these trends pale in comparison to the real forces reshaping retirement plans. ...

Plan Sponsors Get Go-Ahead on Alternatives as DOL Shifts Stance

By Fred Barstein / benefit education, Changing dynamics, DOL, DOL Guidance, erisa, Fiduciary, financial wellness, Legislation

Plan sponsors who’ve been waiting for clearer regulatory guidance on alternative investments just got the signal they’ve been looking for. The Department of Labor’s Employee...

401(k) Plans Are Changing—Here’s Why

Plan Sponsors Get Go-Ahead on Alternatives as DOL Shifts Stance

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