Retirement Readiness Eludes Most Americans, Except Gen Z Women
Studies continue to indicate a lack of retirement readiness among American workers, particularly women. An exception to this trend is younger women, who seem to...
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.
Decoding Target Date Funds for Retirement Success
Fred Barstein with Adjunct Lecturer, Michaela Scott – Strategic Retirement Benefits Group. Target date funds are a common investment option in retirement plans, especially for...
Plan Sponsors Must Understand Fiduciary Basics
Companies continue to expand their benefits offerings—in particular, retirement savings plans—to remain competitive and recruit and retain top talent. As such, employers need to have...
Urgent Shift: Wealth Advisors Target 401(k) Opportunities
In a notable shift, the financial advisory landscape is experiencing a significant change in its approach to defined contribution (DC) plans, particularly 401(k)s. Once considered...
Effective Communication: Linchpin of a Successful 401(k) plan
Fred Barstein with Plan Sponsor Billy, Chief Administrative Officer Effective communication is the linchpin of a successful 401(k) plan, serving as the cornerstone upon which...
The Workplace: Future Asset Source – Industry Leader Insights
The workplace is poised to emerge as the predominant source of assets in the coming decade, as indicated by influential figures such as Morgan Stanley’s...
Navigating the Retirement Landscape: The Power of Benchmarking
Adjunct Lecturer: Shelly Horwitz – Managing Director, Pensionmark While benchmarking your retirement plan advisor and record keeper is a critical step, it’s frequently overshadowed. The...
Designing an Ideal Investment Menu for Defined Contribution Plans
In the realm of defined contribution plans, it’s essential not to underestimate the significance of crafting a well-balanced investment menu. This involves considering a multitude...
Benefits Plan Design: Don’t Leave It to the HR Department
With job openings 40% higher than pre-pandemic levels, job seekers have the upper hand when choosing opportunities. This trend emphasizes the importance for employers to...
Empowering Youth with Independence Planning
Empowering Youth with Independence Planning Motivating younger people to consider retirement planning may be a significant task, but it’s an investment in their future...
