How One Anonymous Survey Reshaped a Company’s Medical Plan
An employee benefits survey gives organizations a direct line into what their workforce actually values, rather than relying on assumptions or industry benchmarks alone. It...
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.
Employers Are Pulling Back on 401(k) Matches and Flexibility, But Should They?
Fewer employers are offering generous 401(k) matches and flexible work arrangements this year, according to new SHRM research—a shift that could have consequences for hiring...
Vanguard’s 25-Year Data Shows Plan Design Is Doing the Heavy Lifting
Automatic enrollment, higher default deferral rates, and stronger employer contributions have reshaped America’s defined contribution retirement plan system over the past 25 years — and...
It Starts at the Top: How Leadership Engagement Strengthens a Retirement Plan
What does a well-run retirement plan actually look like from the inside? At a recent TPSU program held at the Thunderbird School of Global Management...
Why Advisors and Record Keepers Need to Stop Competing — and Start Collaborating
Participants in defined contribution plans have more tools than ever — and many still don’t know if they’re on track. That gap isn’t a technology...
The Future of 401(k) Recordkeeping: Challenges, Opportunities, and What’s Next
The retirement plan industry finds itself at an interesting crossroads. While recordkeepers continue to face pressure from declining fees, they are also being asked to...
The Value of an Independent TPA
Following a recent TPSU program at Bellevue College, Larry Shoemaker, Principal at Hunnex & Shoemaker, spoke with TPSU Founder and CEO Fred Barstein to discuss...
The Retirement Years No One Plans For
The retirement planning industry was built for a population that retired at 65 and died at 75. That population is gone. By 2030, every baby...
Financial Literacy Drops to 10-Year Low as Gen Z Struggles Most
Americans’ financial literacy has fallen to its lowest level since tracking began a decade ago, with younger workers and women showing the widest gaps—and a...
Financial Stress Is Reshaping Employee Benefits & Retirement Saving
More employees are feeling financially overwhelmed — and ironically, many are responding by cutting back on the very workplace benefits designed to help them long...
