Financial Wellness Archives - Page 3 of 34 - 401k Plan Optimization, Compliance, Investment & Partners

Finding the Middle Path Between Advisors and Record Keepers

By Fred Barstein / 401(k) advisor trust, 401(k) Managed Accounts, 401(k) Plan Management, 401k plan, Benchmarking Fees, Changing Recordkeepers, DC Plan Sponsors, Fiduciary, Financial Advisors, Financial Wellness, Investments, participation, Recordkeeping

Growing tension exists between retirement plan advisors and record keepers as both expand into participant financial services. As defined contribution plan economics tighten — driven...

Creativity Drives Clarity in Advisor–Plan Sponsor Relationships

By Fred Barstein / 401(k) advisor trust, 401(k) Plan Management, 401k Advisor, Adaptability, Authenticity, Client connection, collaboration, Communication, DC Plan Sponsors, Employee Benefits, Financial Advisors, Financial Wellness, Financial Wellness, financial wellness programs, Gamification Retirement Planning, Retirement Advisory

Creativity is increasingly essential in the relationship between retirement plan advisors and plan sponsors because effective communication is no longer one-size-fits-all. Advisors who can translate...

When “Co-opetition” Becomes Co-option: Why Advisor Independence Still Matters

By Fred Barstein / Advisor Independence, Benchmarking & Monitoring Fees & Partners, Benchmarking Fees, Client connection, Co-opetition, Co-option, collaboration, Communication, competition, DC Plan Sponsors, Fiduciary, Financial Advisors, Financial Wellness, Independence planning, Investments, Recordkeeping, Retirement Committee

The relationship between retirement plan advisors and recordkeepers has always involved some natural tension. But as both sides expand into overlapping territory, plan sponsors need...

SECURE 2.0 Self-Certification: Why Easier Hardship Withdrawals Are Driving Plan Leakage

By Fred Barstein / 401(k) Plan Management, Changing dynamics, DC plans, Emergency Savings, Employee engagement, Fiduciary, Fiduciary, Financial Stress, Financial Wellness, Hardship Withdrawals & Loans, investment, SECURE 2.0, SECURE Act

SECURE 2.0’s self-certification rules mark a consequential shift in how hardship withdrawals are accessed, with meaningful implications for plan sponsors. By eliminating the need for...

Employees Feel Fine Day to Day—but Financial Stress Is Undermining Resilience

By Fred Barstein / benefit education, benefits committee, Client connection, Communication, Convergence, Employee Benefits, Employee engagement, Employee happiness, Employee Resilience, Fiduciary, financial behaviors, financial insecurity, financial stress management, Financial Wellness, Financial Wellness, managed financial stress, Plan design, Retirement Plan Committee, wellness assessment

Tired Businesswoman In The Office With Stack Of Papers Sbi 350593568

Most employees say they’re doing pretty well on a daily basis. But dig a little deeper, and the picture changes. A new national survey from...

In-Plan Retirement Income: From Exploration to Execution

By Fred Barstein / 401(k) Plan Management, Changing dynamics, Communication, DC Plan Sponsors, Fiduciary, financial stress management, Financial Wellness, Financial Wellness, Ideal Plan, in-plan retirement income solutions, Insurance, IRA Roll overs and Roll ins, PEPs, Retirement Committee, Retirement Income, Retirement Readiness, Target Date Funds

For years, in-plan retirement income solutions have generated plenty of interest but limited action. That’s about to change. The Institutional Retirement Income Council (IRIC) is...

Preparing Employees for Retirement: What Plan Sponsors Should Do Now

By Fred Barstein / 401(k) Plan Management, 401k Advisor, benefit education, DC Plan Sponsors, education, Employee engagement, Employee happiness, Employee training, Fiduciary, financial literacy, financial stress management, Financial Wellness, participation, Retirement Plan Advisor, Retirement Readiness

When a company has a growing segment of employees approaching retirement age, it should proactively shift from simply “offering” a retirement plan to actively supporting...

How Advisor Engagement Drives Higher Retirement Plan Participation

By Fred Barstein / 401(k) advisor trust, 401(k) Plan Management, 401k Advisor, Adaptability, benefit education, collaboration, Communication, DC plans, education, Employee Benefits, Employee happiness, Employee training, Fiduciary, Financial Wellness, participation, Plan Participation, Retirement Readiness, virtual learning, Virtual Meeting

Working with a retirement plan advisor to increase participation is one of the most effective ways to strengthen an organization’s benefits strategy and improve long-term...

Why Employee Education Requires More Than One Method

By Fred Barstein / benefit education, CEO Engagement, Client connection, collaboration, Communication, DC Plan Sponsors, DC plans, Education, education, Employee feedback, Employee training, Fiduciary, Financial Wellness, Retirement Readiness

Employee education requires more than one method because no single approach can effectively reach an entire workforce. Employees have different schedules, learning styles, comfort levels,...

Co-Manufactured Target-Date Funds: Lower Fees, But at What Cost?

By Fred Barstein / 401k News, DC Plan Sponsors, DC plans, Economy, fee compression, fee transparency, fees, Financial Wellness, Retirement Readiness, Target Date Funds

Fee pressure is reshaping how 401(k) plans cover administrative costs, and plan sponsors—especially those overseeing smaller plans—are increasingly turning to a new breed of target-date...

Employees Feel Fine Day to Day—but Financial Stress Is Undermining Resilience

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