Boost Hiring & Retention with Financial Planning in a Competitive Market
Boost Hiring & Retention with Financial Planning in a Competitive Market The growing demand for financial planning and advice among plan sponsors and employees is...
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.
401(k) Emergency Withdrawals Now Allowed Under SECURE 2.0
New guidance is out from the Internal Revenue Service and Dept. of Treasury regarding required minimum distributions (RMDs), including 401(k) withdrawals due to emergency expenses....
Emergency Savings Rates are Low, Retirement Anxiety is High
Most Americans are anxious about being able to retire comfortably. It’s no wonder – few adults can barely afford a $400 emergency, let alone save...
Enhancing Recruitment & Retention With Strategic Retirement Plan Design
Enhancing Recruitment & Retention With Strategic Retirement Plan Design Designing retirement plans to aid in recruitment and retention is increasingly crucial in today’s competitive job...
Financial Wellness and DEI Are Two Sides of the Same Coin
Employers say the biggest challenges they face in 2024 are financial wellness and diversity, equity, and inclusion (DEI). Good news: They can be addressed together,...
Key Role of Meeting Minutes in Retirement Plan Compliance & Audits
Key Role of Meeting Minutes in Retirement Plan Compliance & Audits Maintaining detailed minutes of committee meetings is essential for companies with retirement plans that...
Leveraging 401(k) Power for Competitive Recruitment
Leveraging 401(k) Power for Competitive Recruitment In today’s fiercely competitive job market, companies need to differentiate themselves by offering more than just a competitive salary. ...
3 Ways to Support an Aging Workforce
The aging population has transformed the workforce—approximately one in four employees is age 65 or older. While this demographic is becoming the fastest-growing group of...
Boomers, Gen X on Opposite Ends of Retirement Readiness Spectrum
There is a noteworthy disparity between Baby Boomers and Gen X when it comes to retirement readiness. Stock market gains have been a boon to...
The Critical Importance of Annuity Fee Transparency
The transparency of annuity fees and costs is a critical issue in retirement planning. It directly impacts employees’ confidence and trust in their retirement...
