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...
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.
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...
Financial Wellness Programs: Vital Considerations for 2024
Financial wellness programs should not be overlooked in 2024, particularly by employers. Financial stress is currently at an all-time high, with workers burdened by...
Future Prospects & Challenges: Insights from the RPA Record Keeper Roundtable
At the recent RPA Record Keeper Roundtable and Think Tank in Washington, DC, leading 401(k) record keepers gathered to discuss the industry’s future and the...
Why Financial Wellness Programs Matter for Employers & Employees
Neglecting financial wellness programs can have detrimental effects on both employers and employees. For employees, the absence of these initiatives often leads to increased...
SECURE 2.0 Expands Sponsors’ Ability to Self-Correct Retirement Plans
Retirement plan compliance is a top priority for employers. However, shifting regulations present challenges for plan sponsors when it comes to maintaining compliance and avoiding...
Effective Workplace Communication for Retirement Planning
Effective communication within the workplace is paramount, especially when it comes to disseminating crucial information regarding retirement plans. By fostering transparent communication, employers can...
