401k cybersecurity risk assessment is no longer a task that can be put-off. Consequently, a plan sponsor’s fiduciary duty encompasses 401k cybersecurity risk assessment. Managing 401k cybersecurity risk is ...
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401k Fiduciary RFP Helps Identify Favorable Outcome Practices
401k Fiduciary RFP responsibilities normally fall to the Retirement Committee members and other trustees. Retirement plan committees and fiduciaries should periodically benchmark their plan service providers. Make sure that ...
Read More »Investment Policy Statement Must Stop Short of Promises
Investment Policy Statement (IPS) language must stop short of promising too much. An Investment Policy statement can do more harm than good if it moves from policy to guaranteeing ...
Read More »Financial Wellness Programs Aid Physical Health
Financial wellness programs are becoming a more popular employee benefit. One of the reasons financial wellness programs have become so popular is due to how it can impact an ...
Read More »Financial Literacy Precedes Financial Wellness
Financial literacy is the first step in achieving financial wellness. Without financial literacy the average employee will have a difficult time grasping the concepts associated with being financially well. ...
Read More »Wellness Benefits Gaining Acceptance and Respect
Wellness benefits can reduce employee stress, improve workplace productivity, and drive down healthcare costs. In many ways, wellness benefits can deliver a boost to a company’s bottom line. However, ...
Read More »Retirement Plan Fraud Hitting 401k Plan Participant Accounts
Retirement plan fraud is increasingly impacting 401k Plan Participant Accounts. Unfortunately, Cyber-attacks and retirement plan fraud continues to be the focus for many risk managers and recordkeepers. A large ...
Read More »Emergency Savings Needed for Financial Wellness
Emergency Savings is now a headline component of Financial Wellness. In recent months, Emergency Savings has come to the forefront for the American workers. Emergency Savings is now a ...
Read More »Target Date Funds Helped Plan Participants Survive the 2020 Q1 Stock Drop
Target Date Funds appear to have helped a large number of 401(k) and 403(b) plan participants during the first quarter of 2020. Many plan participants were invested in Qualified ...
Read More »Qualified Default Investment Alternatives – QDIA Update
Qualified Default Investment Alternatives have been used in retirement plans for over ten years. They were established to provide some direction and safety to plan participants and plan sponsors. ...
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