Smarter Saving Through Auto-Escalation
Smarter Saving Through Auto-Escalation Automatic enrollment with auto-escalation is not only a smart way to help employees save more for retirement—it gets them started right...
Fiduciary
ERISA, liability, fiduciary responsibility. Plan sponsors always have some form of Fiduciary status but they can share that responsibility with 3rd parties like plan advisers or other service providers. These adviser or providers can act as a 3(21), 3(38) or 3(16) fiduciaries. 3rd parties hired by plan sponsors are sometimes called co-fiduciaries.
Why a Qualified Advisor is Key to Retirement Success
Why a Qualified Advisor is Key to Retirement Success Managing a company retirement plan isn’t just about checking boxes—it’s about making smart, strategic decisions that...
The 10 Biggest Mistakes Plan Sponsors Make with Their Retirement Plan Advisor
We were overwhelmed by the response to the April 2nd 401(k) Café 30-minute webinar, “What You Don’t Know Could Hurt You.” Many of you were...
Addressing Hourly Workers’ Financial Challenges is Key to Retention and Productivity
Six in 10 hourly workers are struggling financially, with many working multiple jobs just to stay afloat. For retirement plan sponsors, this harsh reality creates...
Effective Retirement Plan Design Can Help Boost Participation and Savings Rates
Although retirement planning is a top priority for many Americans, significant barriers persist. Nearly one in four workers with access to employer-sponsored retirement plans don’t...
Employee Education: Key to Ensuring Financial Security for Retirement
Employee Education: Key to Ensuring Financial Security for Retirement Employee education is key to ensuring financial security for retirement, especially when it comes to 401(k)...
Forfeiture Lawsuits and Their Impact on 401(k) Plans
A wave of ERISA lawsuits is challenging the common practice of using forfeited 401(k) assets—typically from unvested employer contributions—to offset employer matching contributions rather than...
Most U.S. Retirement Plans Have Red Flags – Is Yours at Risk?
If you oversee a company retirement plan, here’s a startling statistic that should grab your attention: 84% of U.S.-based retirement plans have at least one...
The Pros and Cons of Automatic Enrollment in Retirement Plans
The Pros and Cons of Automatic Enrollment in Retirement Plans Automatic enrollment in 401(k) and other retirement plans has gained popularity as a tool to...
Preparing for the 401(k) Boom: How the Industry Must Adapt
A surge of new 401(k) plans is on the horizon, driven by state mandates, SECURE 2.0 tax credits, and the growth of group plans like...
