Plan Administration

Sound investment decisions are rarely made under the weight of worry. The field of behavioral finance points to a number of cognitive distortions that feed on investor fear – including 401(k) fears – and can plague participants’ decision-making while compromising their retirement readiness. Here are some that can send shivers down participants’ spines — and […]

In September, the U.S. Federal Reserve announced it would hold interest rates steady for now but signaled at least one more hike may lie ahead before the end of the year. Moreover, rates are likely to stay elevated, as the Fed also indicated it expects fewer cuts than previously forecast for 2024. Plan sponsors can

 1. How does the SECURE 2.0 Act affect my current participants?   Employer Matching Contributions as designated Roth contributions: An optional provision, which has now been delayed until January 1, 2026. Participants may choose, plan permitting, to treat employer matching and nonelective contributions to qualified 401(a) defined contribution plans, 403(b) plans, and governmental 457(b) plans

As a plan administrator or sponsor, you want to provide your employees with a retirement plan that benefits them while also being beneficial to your company. Safe harbor plans have become a popular option, but some sponsors may be hesitant to implement them out of concern for the associated costs. Let’s talk about the true

You already know a fiduciary must act solely in the interest of the plan participants, their beneficiaries and alternate payees to ensure that only reasonable expenses are being paid. The big question is: how do you know if plan fees contained within 408(b)(2) disclosures are reasonable? Benchmarking your retirement plan fees is a vital tool

With the ever-changing landscape of retirement benefits and the laws around them, it makes sense that employees are taking a closer look at what companies are offering. Appreciation for company benefits is on the rise, according to the 2022 Global Benefits Attitudes Survey from insurance advisory firm WTW. Three out of five say a good benefits

Many companies are outsourcing more and more activities, mainly because outsourcing can provide cost savings and increase productivity. Outsourcing allows companies to focus more on their core businesses, rather than spending time on areas outside their expertise. For retirement plan sponsors, outsourcing fiduciary services makes sense for these reasons as well as others.   Reduced

A recent Vanguard report sheds light on the pressing challenges faced by retirees across different income brackets. The findings reveal that lower-income workers allocate a significantly larger portion of their pre-retirement income to meet their daily needs, leaving them with a substantial shortfall in retirement readiness — even when factoring in Social Security benefits. The

One of the most valuable benefits employers can offer is a financial wellness program. Learn how it can help employees reduce stress while improving workplace productivity. Financial wellness programs are becoming an important benefit for companies of all sizes. In 2021, almost half (46%) of all employers offered financial wellness programs, up from 40% in

From time to time I have a conversation with a new retirement plan participant and they are leery about contributing to their employer-sponsored 401k plan. The main reason for the apprehension is that they don’t know enough about the plan itself, which is where our value as advisors starts to really shine. While it may