Retirement Readiness Archives - 401k Plan Optimization, Compliance, Investment & Partners

The 401(k) Backbone Is Finally Getting Its Upgrade

By Fred Barstein / AI, AI for Retirement, artificial intelligence, Changing dynamics, Changing Recordkeepers, DC Plan Sponsors, DC plans, DOL, Financial Wellness, Retirement Readiness

The backbone of the defined contribution (DC) industry—recordkeeping technology—is finally getting a long-overdue upgrade. For decades, legacy systems built on outdated infrastructure have limited innovation,...

Lifetime Income Could Cut Retirement System Costs by 20%, Global Study Finds

By Fred Barstein / 401(k) Plan Management, DC Plan Sponsors, Distribution, Employee Benefits, Employer Contribution, Financial Wellness, global retirement trend, Legislation, Life expectancy, Lifetime Income Options, Remove term: in-plan retirement income solutions in-plan retirement income solutions, Retirement Readiness, Retirement Savings Concern, Retirement System, Savings Rates

Retirement savings have grown in many countries, but most systems still leave individuals on their own to manage the risk of outspending or outliving their...

Why HR Can’t Stop at Enrollment When It Comes to Retirement Plans

By Fred Barstein / 401(k) Plan Management, 401k Advisor, auto enroll, auto escalate, auto re-enroll, benefit education, Communication, DC Plan Sponsors, DC plans, education, Employee Benefits, Employee engagement, Employee feedback, Employee training, Fiduciary, Financial Wellness, Financial Wellness, HR, Retirement Readiness, Retirement Savings Concern

For many companies, the work of managing a retirement plan feels complete once employees are enrolled. But Teresa believes that’s only the starting point. As...

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...

Student Loan Wage Garnishment Is Back and Employers Are on the Front Line

By Fred Barstein / 401k plan, AI for Retirement, CEO Engagement, Changing dynamics, Communication, DC Plan Sponsors, Economy, education, Employee engagement, Fiduciary, Financial Literacy, financial stress management, financial wellness, Millennials saving, Plan design, Retirement Readiness, student loan, Student Loan Debt, Student loan wage garnishment

After years on pause, student loan wage garnishment has officially returned. The Department of Education confirmed that garnishment notices went out the week of Jan....

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...

Recordkeeper Switches Can Go Wrong Fast. Is Your Plan Protected?

By Fred Barstein / 401(k) Plan Management, benefits committee, Communication, DC Plan Sponsors, DC plans, DOL Guidance, Employee engagement, ERISA Advisory Council, fee lawsuits, fees, Fiduciary, Fiduciary Liability, financial wellness, Improving Outcomes, lawsuits, Lifestyle Benefits, Qualified Advisor, Record Keepers, Recordkeeping, recordkeeping, Retirement Happiness, Retirement Readiness

Switching recordkeepers might seem like a straightforward administrative move, but when things go sideways, the consequences can be severe. A recent lawsuit against a Florida...

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...

Lifetime Income Could Cut Retirement System Costs by 20%, Global Study Finds

Why HR Can’t Stop at Enrollment When It Comes to Retirement Plans

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