LIFT Retirement Newsletter Q3 2019
As we close the first half of 2019, we urge plan sponsors to spend a bit of time reflecting on Measurement and Strategic Planning for your retirement plans. Before you know it, you will be sending annual notices and making plan amendments. Our quarterly newsletter discusses the three following topics for plan sponsor information: Plan Read more ➝
How to Think About Financial Wellness ROI
If you want to sell your C-suite on paying for an employee financial wellness program, you’ll probably hear this question from your CFO: What’s the ROI? It’s natural for a chief financial officer to ask about the return on investment (ROI) from spending the organization’s money on a program that, at first glance, appears to Read more ➝
Should You Include ESG Funds in Your Retirement Plan?
ESG, or environmental, social and governance funds, can be appealing to many investors, including millennials. These funds may be viewed as a proactive way to encourage reluctant and under-prepared millennials to save for retirement. But is it a good idea to include ESG funds in your plan’s investment menu to entice investment do-gooders to boost Read more ➝
Is it Time to Consider a New Plan Design?
You may have heard about a “cash balance plan” and wondered whether it would be something advantageous for your business. A cash balance plan operates differently from other types of traditional retirement plans in that it combines features of both defined benefit and defined contribution plans. Technically, a cash balance plan is classified as a Read more ➝
Your Past, Present, and Future to Financial Wellness
Did you know that 53% of full-time employed American adults felt stressed dealing with their personal financial situations over the past few years?[1] Financial wellness programs can be beneficial to financially-stressed employees, but there are many stages to financial wellness! Our new Employee Guide covers the three stages of financial wellness: Paying down debt Paying Read more ➝
5 Plan Design Features for Retirement Readiness
Successful financial wellness programs help employees feel in control and on track in their financial lives – and that includes planning for retirement. We’ve outlined five quick ways to help your employees work toward financial wellness when savings for their retirement future! Like this video? Check out more here. This information Read more ➝
What is Financial Wellness?
By Joe DeNoyior One of the greatest shifts happening in the workplace right now is the rise of the next generation of workers. That is paired with the advancing pace of change brought about by technology. This change in the working environment means more employees are expecting their employer to provide additional benefits, insight, and Read more ➝
How to Hire a 401k Advisor?
By Joe DeNoyior How to hire a 401k advisor is an exceedingly common question with an incredibly simple answer. We find that hiring a 401k advisor boils down to one thing, and that’s alignment with your organization and your objectives. To help determine that alignment, we find it’s helpful to ask two questions: What is Read more ➝
3 Key Questions for Planning Your Budget
By Elena Arroyo When I got married, I remember the horrible dread of having “The Budgeting Discussion” with my future spouse. I had no patience for limits and concessions—I was busy building my Pinterest board (rosemary is so in right now), trying to figure out how much celosia I could cram into a table centerpiece Read more ➝
Share Class ABC’s: Choose Wisely
Choosing mutual funds for your retirement plan’s investment lineup can feel like wading through a sea of alphabet soup. Fund companies typically offer multiple share classes, each sporting its own unique letter. A shares, C shares, I shares, R shares — what does it all mean? Luckily, you don’t have to be a mutual fund Read more ➝