Health Savings Accounts: Features Your Employees May Thank You For
For the majority of future retirees, medical expenses pose significant risk to any retirement plan, and they are only projected to rise. Medical cost estimates for couples throughout their full retirement, assuming both partners are 65, has increased $15,000 from 2016 to 2017, bringing total projections to $275,000, after Medicare coverage.[1] Even for professionals with Read more ➝
The Financial Marathon
A Marathon for Everyone Recently, we went to cheer on a friend running in their first marathon. The excitement of watching thousands of people accomplish such an amazing goal was an experience like no other. We waited at the last bend before the finish line so we’d have a good vantage point for cheering our Read more ➝
Guide for Employers Dealing with Missing Participants
Locating missing plan participants can be a headache for any employer, but simply ignoring them is not an effective solution. Regulatory agencies in previous years have published guidance on this topic relating to missing “retired” employees. With the increase in the number of “pre-retired” missing plan participants, governmental bodies are now taking additional measures to Read more ➝
How Much Does Financial Stress Cost Employers?
Employers, do you how many hours your employees spend distracted by personal finances at work? You may be surprised at the cost of those distractions… Here are three things employers can do to help with employee financial stress! Enter your email below to download our free guide. To access our Infographics page where you Read more ➝
Stretching the Match
As an employer, would you like to maintain your company’s profit sharing contribution and, at the same time, encourage your employees to save more? Stretch the match! Help your employees to reach, stretch, and strengthen for their retirement. Check out this short video to provide some insight on Stretching the Match. Like this video? Check Read more ➝
Should We Have a Retirement Plan Committee?
If you are an employer or employee who has decision-making authority over your company’s retirement plan, there is a strong chance that you are a 401(k) plan fiduciary. You have a legal obligation to operate the plan solely in the interests of the plan participants (people with retirement account balances) and their beneficiaries (people who Read more ➝
Do you know how to prepare for a 401(k) storm?
What shelter does your 401(k) plan have against annual non-discrimination testing? If you are a fiduciary to a traditional 401(k) plan, there’s a chance you might be inclined to annual non-discrimination testing. A Safe Harbor Plan can eliminate the need for annual non-discrimination testing. Not sure if your plan qualifies? Check out this short video Read more ➝
Items Your Annual Retirement Plan Review May Be Missing
As a plan sponsor, you are no stranger to the annual retirement plan review. Although you may meet quarterly or semi-annually with your advisor, a yearly plan assessment is an opportunity to evaluate the health of your plan. Many times, the focus of an annual review has to do with investments and fund line-ups; and Read more ➝
Infographic: Retirement Plan Review Questionnaire
Your annual retirement plan review has many different layers to it and presents the opportunity to evaluate the overall health of your plan. Download our free checklist to review key questions for fiduciary compliance, plan design, retirement readiness, fiduciary oversight, service provider due diligence, and investment due diligence. To access our Infographics page where Read more ➝
What is 401(k) Benchmarking and Why Should You Do It?
Simply stated, benchmarking is the process of reviewing and evaluating your company retirement plan. It involves taking a look at what you are offering your employees today and deciding if it’s appropriate or needs some updating. There are four main areas to focus on when assessing your retirement plan: Plan Design Service Providers Funds Fees Read more ➝