Retirement Plan Administration

Let’s be real—talking about financial wellness is easy. Doing it well? Not so much. Many companies think they’re supporting their employees with flashy portals, webinars, or HR handouts about budgeting. But if your team is still stressed about money, disengaged, and under-participating in your 401(k) or other benefits… you’ve got a problem. The good news? […]

Most programs miss the mark. Here’s how to design one your employees will actually use—and thank you for. Companies roll out digital tools, workshops, or one-size-fits-all content libraries and then wonder why employee engagement is dismal and retirement plan participation hasn’t improved. The problem? Financial wellness initiatives often check a box without solving a real

When employees are stressed about money, it doesn’t stay at home—it walks right into your workplace. Whether it’s worrying about paying rent, managing debt, or dealing with a financial emergency, that stress follows them to their desks, meetings, and Zoom calls. And make no mistake—your bottom line feels it. Here are five major ways employee

If You Are A Plan Sponsor, You Are a Plan Fiduciary A retirement plan sponsor has obligations and responsibilities to its employees who participate in the retirement plan. Through the Named Fiduciary, the sponsor has the duty to make prudent decisions with regard to the plan and to make such decisions solely in the interest

Considering a New Service Provider for Your 401k Plan? Here are some key questions to ask:  Choosing a new retirement plan is a massive undertaking. When you are moving millions of dollars in a retirement plan, it is important to consider the many facets of this complex relationship in both the long and short term. 

Business owners have a lot of responsibilities. One of the most nebulous may be their fiduciary responsibility for the selection of investment options within their company’s qualified retirement plan. While the Employee Retirement Income Security Act of 1974 (ERISA) guidelines identify two different types of investment fiduciaries in sections 3(21) and 3(38), it is often

Scan the business news and you will likely find an article detailing the latest 401(k) litigation against a company accused of a fiduciary breach. The litigious trend started with corporate behemoths but has been trickling down to small and mid-size plans.   Adding to this, a survey found that 43% of company fiduciaries don’t actually think

With the mandatory auto enrollment rules set to take effect in 2025, employers need to take proactive steps to ensure compliance and minimize potential disruptions. Understanding the necessary adjustments, staying informed on regulatory changes, and planning ahead will help businesses navigate these new requirements smoothly. Key Steps for Employers   Review Your Current Retirement Plan

The mandatory auto-enrollment rules under SECURE 2.0 apply differently to retirement plans depending on when they were established. Employers need to understand the distinction between pre-enactment and post-enactment plans to ensure compliance and avoid unintended penalties. What Is a Pre-Enactment Plan? A pre-enactment plan is any 401(k) or 403(b) plan that was established before December

The new mandatory auto-enrollment rules bring significant changes, but not all businesses are affected in the same way. Small businesses and multiple employer plans (MEPs) have specific exemptions and considerations that employers should understand as they prepare for the upcoming changes. How Small Businesses Are Affected Small businesses, defined as those with 10 or fewer