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Wednesday, March 27, 2024

JULY Conduct a review of second quarter payroll and plan deposit dates to ensure compliance with the DOL’s rules regarding timely deposit of participant contributions and loan repayments. Verify that employees who became eligible for...

Wednesday, March 27, 2024

The Next Generation of Retirees Faces Unique Challenges. How Can You Help? The youngest of the Baby Boomers are set to reach full retirement age in 2031. Patiently waiting in the wings is Generation X. Representing ages currently...

Wednesday, March 20, 2024

Longevity Literacy and the Connection to Better Retirement Planning As retirement planning evolves, different ways to think about it continue to emerge. One example of this is the concept of longevity literacy, which has gained...

Wednesday, March 20, 2024

The Department of Labor (DOL) has issued new proposed rules making most advisors “fiduciaries” when they make investment recommendations to retirement plans and participants in those plans, and to IRA owners. While the rules won’t be effect

Tuesday, March 19, 2024

Looking to Improve Your Physical and Mental Wellness? Consider Taking a Cold Plunge Cold plunges are a trend that involves immersing yourself in cold water, usually for some type of health benefit. These icy plunges are gaining...

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Tuesday, March 19, 2024

Tips and Resources That Everyone Can Use Knowledge is Retirement Power According to the U.S. Department of Health and Human Services, 70% of Americans age 65 or older will at some point need long-term care — which can include not just...

Tuesday, March 19, 2024

Review the Potential Benefits of Bond Funds in Your Investment Strategy When investing for retirement, many people choose a strategy that primarily includes stock funds. Although they represent a higher degree of risk, they offer the...

Thursday, March 7, 2024

Q: Our committee is considering adding a collective investment trust (CIT) to our plan investment menu. Is there any data available showing uptake of CITs by small or midsized plans? A: Demand for CITs continues to increase among small...

Wednesday, March 6, 2024

Spring isn’t just a great time to clean up your attic, basement, garage, closet or yard. It’s a great time to tidy up your retirement plan and make sure you’re covering all the bases as a plan sponsor.

Wednesday, February 28, 2024

Looking to Improve Your Personal Life? Embrace the Kaizen Philosophy Kaizen is a Japanese business philosophy centered around continuous improvement. It involves making small, incremental changes to processes, systems and behaviors to...

Wednesday, February 21, 2024

SMART Financial Goals Can Help Guide Your Way to Financial Wellness Financial goals play a crucial role in the pursuit of financial wellness. Whether it’s paying off credit card debt, saving for retirement, making a down payment on a...

Wednesday, February 14, 2024

Survey Reveals Shifting Employee Priorities Regarding Financial Needs Employees are prioritizing short-term financial needs over retirement savings, according to findings from Bank of America’s 13th Annual Workplace Benefits...

Thursday, February 1, 2024

Doing Some Tax Planning Now Can Pay Off Later in Retirement For many people, retirement is not a time to slow down and stop. It’s a time to explore the next great chapters of your life and build upon everything...

Wednesday, January 31, 2024

April If a plan audit is required in connection with the Form 5500, make arrangements with an independent accountant/auditor for the audit to be completed before the Form 5500 due date (calendar-year plans). Audit first quarter payroll...

Wednesday, January 24, 2024

A Money Market Fund Can Help Support Your Overall Financial Plan A money market fund is a type of mutual fund that invests in short-term treasuries and other money market instruments, including U.S. government securities and commercial...

Thursday, January 11, 2024

To Help Avoid Icy Conditions, Rebalance Your Investment Allocation on a Regular Basis Over time, frosty market flurries and chilly economic winds (or simply just the passage of time) can cause your investment allocation to drift a bit....

Wednesday, January 10, 2024

KEEPING YOUR INVESTMENT MENU COMPETITIVE AND RELEVANT As a plan sponsor, it’s prudent to compare how your investment menu looks compared to peers. If you’re using your retirement plan as a recruitment and retention tool,...

Wednesday, January 10, 2024

Q: Can you clarify the U.S. Department of Labor’s new 401(k) audit rule for Form 5500? A: For Form 5500 purposes, 401(k) plans with 100 or more participants at the beginning of the plan year are considered a...

Wednesday, January 3, 2024

DOING MORE FOR EMPLOYEES THROUGH FINANCIAL WELLNESS According to a new survey, employers’ sense of duty regarding employees’ financial wellness continues to grow. The JP Morgan Asset Management 2023 Defined...

Wednesday, January 3, 2024

Q: Can you clarify the DOL’s new 401(k) audit rule for Form 5500? A: For Form 5500 purposes, 401(k) plans with 100 or more participants at the beginning of the plan year are considered a “large plan”, while plans...

Wednesday, December 20, 2023

The IRS is also providing transition relief for plans and certain beneficiaries who would be required to take annual distributions under changes made by the SECURE Act of 2019 and the IRS’s 2022 proposed regulations to implement...

Wednesday, December 13, 2023

In response to requests from more than 250 industry stakeholders, the IRS recently announced a two-year administrative transition period for the implementation of the Roth catch-up mandate imposed by SECURE 2.0. SECURE 2.0 changed the...

Wednesday, December 6, 2023

Information and Tools to Help You Build Your Financial Future In the Know According to a recent report from T. Rowe Price, “Unretiring”: Why Recent Retirees Want to Go Back to Work, many retirees see part-time work as a...

Wednesday, November 22, 2023

Q: We are looking forward to seeing the U.S. Department of Labor’s (DOL’s)efforts to help savers locate left-behind or forgotten 401(k) accounts by creating a national search database. Are there any statistics that shed...

Wednesday, November 15, 2023

Plan Sponsors May Offer Emergency Savings Accounts to Employees Starting Next Year Emergency savings accounts within retirement plans are a relatively new concept that has not been widely studied yet. Recent research underscores the...

Wednesday, November 8, 2023

Generational Differences Toward Retirement Readiness Can Help Inform Your 2024 Education Strategy On average, American workers today expect to need $1.27 million to retire comfortably, up from $1.25 million in 2022, according...

Wednesday, November 1, 2023

Whether you’re 23 or 35, it’s important to know whether you are saving enough for your retirement. There is no time like the present to ensure you are allocating enough funds to your retirement account. With folks routinely...

Wednesday, October 18, 2023

Make a Healthy Belly Part of Your Wellness Plan Your gut is not just where you digest your food. It’s also where you have trillions of tiny organisms that help you stay healthy, happy and smart. Here are some things you should...

Wednesday, October 11, 2023

Rucking Can Add Some Variety and a Fresh Challenge to Your Fitness Routine If you’ve ever carried a bag of groceries to your car or a child through a park, helped a friend move, or hauled sacks of mulch from your car to your...

Wednesday, October 4, 2023

Doing Some Tax Planning Now Can Pay Off Later in Retirement               For many people, retirement is not a time to slow down and stop. It’s a time to explore the next great chapters of...

Wednesday, September 27, 2023

Recent Study Offers Employee Trends To Consider in Your Plan Design Strategy T. Rowe Price’s 2022 “Participant Reactions and Trends” report revealed that employees have largely stayed the course during the market...

Wednesday, September 20, 2023

Understanding Good Versus Bad Debt Can Help You Make Smart Financial Moves Credit card debt is a huge challenge for many people. According to Debt.org, Americans owe $986 billion on credit cards, surpassing the prepandemic...

Wednesday, September 13, 2023

How to Perform a Six-Step Maintenance Checkup on Your Retirement Plan Does your retirement plan make curious noises when it travels over a few market bumps? Are you getting enough mileage out of your savings rate? Is your...

Thursday, September 7, 2023

The Department of Labor (DOL) also has a few IOUs to Congress and the retirement plan industry following the passage of SECURE 2.0, particularly relating to plan notices and disclosures. To help inform its review of the issues assigned...

Wednesday, September 6, 2023

Tips and Resources that Everyone Can Use Knowledge is Retirement Power Many people choose to continue working in some capacity while receiving Social Security benefits. However, if you’re younger than full retirement age and make...

Wednesday, August 30, 2023

The IRS released guidance on Aug. 25, 2023 that addressed Section 603 of the SECURE 2.0 Act concerning Roth catch-up contributions, giving employer retirement plans two additional years to comply.This rule under Section 603 of the...

Monday, August 14, 2023

Information and Tools to Help You Build Your Financial Future In the Know Many people choose to continue benefits working in some capacity while receiving Social Security. However, if you’re younger than full retirement age and...

Saturday, August 12, 2023

Plan Sponsors Ask… Q: We are working with  our advisor to address the specific needs and unique circumstances of our women employees...

Thursday, July 13, 2023

Try these morning rituals to get your day off to the right start.What’s your current morning routine? Maybe it goes something like this: mutter an expletive as the alarm goes off, begrudgingly pull yourself out of bed, throw on a...

Thursday, July 6, 2023

Planning To Retire Within Five Years or so? Include These Three Exercises in Your Flight PlanWhether you have a specific date in mind or not, choosing when to retire requires careful planning and preparation — even if you plan to...

Thursday, June 1, 2023

Consider Working With a Financial Professional To Help Improve Your Financial HealthA financial professional can help you not only make key financial decisions, but also identify your priorities and guide you toward achieving your...

Thursday, May 25, 2023

For any small business owner it’s not just what you earn—it’s what you keep. It’s not just about working hard—it’s about working smart.One of the “smart moves” to help you keep more of...

Thursday, May 18, 2023

Knowledge is Retirement Power. Although everyone has experienced a few tough years of higher inflation, it’s important to keep things in perspective. According to the Bureau of Labor,...

Thursday, May 11, 2023

Be able to anticipate and articulate documentation needs required. Gain a familiarity with the content, purpose, timing and requirements regarding ERISA notices and disclosures and different delivery options.

Thursday, May 4, 2023

Tapping Your Retirement Account for Other Financial Needs Can Have Costly ConsequencesAccording to a December 13, 2022, article in The New York Times, hardship withdrawals from workplace retirement accounts are rising —...

Thursday, April 27, 2023

Q: Data from our recent annual plan review suggests that our retirement plan communication and education efforts with our employees need to greatly improve. Any tips on where to start?A: Communicating retirement planning concepts to...

Thursday, April 20, 2023

When was the last time you reached for a glass of water first thing in the morning — instead of getting your caffeine fix? You probably already know that staying properly hydrated is important,

Friday, April 14, 2023

When Plan Errors Occur, Reach For The 401(k) Plan Fix-It GuideAs a plan sponsor, at some point you are likely to discover that a plan failure or error has occurred — especially after the plan testing season concludes. Mistakes do...

Monday, April 10, 2023

IntroductionThere is a sea change in how employers are delivering financial education to their employees. It began when the industry redefined what the goal of financial education should be. Financial education should lead to financial...

Tuesday, April 4, 2023

How Will You Embrace the Automatic Age?Since the beginning of time, there have been several ages that reflect society propelling itself forward in physical, intellectual and technological ways. First, there was the Stone Age. Then came...

Monday, March 27, 2023

DiversThis material is for educational purposes only. It cannot be used for the purposes of avoiding penalties and taxes. Readers should consult with their tax advisor or attorney regarding their specific situation. The information...

Thursday, March 23, 2023

April - If a plan audit is required in connection with the Form 5500, make arrangements with an independent accountant/auditor for the audit to be completed before the Form 5500 due date (calendar-year plans).

Wednesday, March 22, 2023

This guide lists many of the important provisions in SECURE Act 2.0 that apply to 401(k) plans. While the Act has additional provisions that could affect the design or operation of 401(k) plans, the focus of this list is to provide...

Thursday, March 9, 2023

Q: Our company is growing rapidly and so is our retirement plan. We are interested in hiring a plan advisor. When it comes to providing fiduciary support, what can we expect?A: From a plan sponsor perspective, the act of hiring a...

Thursday, March 2, 2023

Keep Your Money Safe With These Online Shopping Security TipsThe 2022 holiday gift season is now in the rear-view mirror. If you’re like many other people, chances are you did a good amount of shopping online. After all, online...

Thursday, February 23, 2023

Find a variety of web resources, from the Internal Revenue Service, the U.S. Department of Labor, the Employee Benefit Research Institute, and more!Internal Revenue Service, Employee Plans — www.irs.gov/epU.S. Department...

Thursday, February 16, 2023

 Pay It Forward Looking To Teach a Child Some Important Money Lessons? Consider a Roth Custodial IRA. You started early and have saved hard in your 401(k). You’ve also paid close attention to your investing strategy over the...

Thursday, February 9, 2023

Study Reveals Plan Participants Are on a Positive Trajectory, Aided by Auto FeaturesBeing able to replace working income with income generated from retirement savings is the essential definition of retirement readiness. The percentage...

Thursday, February 2, 2023

Tips and resources that everyone can useKnowledge is Retirement PowerLooking to see more of the world during retirement? Some countries have created visa policies designed specifically for retirees. These retirement visa programs may...

Thursday, January 26, 2023

Dealing With Inflation’s Negative Effect on Employee Retirement PlanningAn August 2022 survey from Nationwide Retirement Institute found that 40% of workers age 45 and older plan to delay their retirement due to inflation and...

Friday, January 20, 2023

Practicing Mindfulness With Money Can Help Boost Your Financial WellnessMany people practice mindfulness through yoga, tai chi or other forms of movement, often incorporating breathing exercises. Others rely on their smart watch or...

Thursday, January 5, 2023

Congress recently enacted landmark retirement legislation known as secure 2.0 that will incentivize individuals to save for retirement, while increasing access to workplace plans. The new law includes a number of provisions intended to...

Tuesday, October 25, 2022

The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2023. The limits, and Notice 2022-55, are available here: www.irs...

Thursday, October 13, 2022

JANUARYSend payroll and employee census data to the plan’s recordkeeper for plan-year-end testing (calendar-year plans).Audit fourth quarter payroll and plan deposit dates to ensure compliance with the DOL’s rules regarding...

Thursday, October 6, 2022

Q: We are considering a plan design change regarding loans. Are there any data that supports offering just one loan per participant versus offering multiple loan options?A: According to T. Rowe Price’s 2022 “Reference...

Thursday, September 29, 2022

Your 401(k) Offers You Valuable Benefits You Just Can’t Find Anywhere ElseIn the midst of economic adversity, market volatility, geopolitical uncertainty and a host of other things (including a still-active pandemic, now in its...

Thursday, September 22, 2022

Despite Challenges, Americans Remain Focused on Saving for RetirementIn the face of economic uncertainty, market volatility, geopolitical unrest and the ongoing COVID-19 pandemic, plan participants have continued to save for retirement...

Thursday, September 15, 2022

Your Body’s Clock Can Help You Maintain a Healthy LifestyleEver wonder why you feel out of whack some days? Maybe you lack an appetite for some reason, or feel like you're just too tired to get out of bed in the morning. Or...

Thursday, September 8, 2022

Depending on the nature of your business and the varied experience, education and expertise required of your workforce, you may have a significant population of lower-income workers. In a highly competitive hiring environment, the...

Wednesday, August 31, 2022

Unless you live on another planet, you are fully aware of this thing called inflation — whether you’re at the grocery store, a gas station, buying clothes online, hiring a contractor or doing almost any other thing that...

Tuesday, July 26, 2022

OctoberAudit third-quarter payroll and plan deposit dates to ensure compliance with the DOL’s rules regarding timely deposit of participant contributions and loan repayments.Verify that employees who became eligible for the plan...

Wednesday, July 20, 2022

Markets rarely give us clear skies, and there are always threats to watch for on the horizon, but the right preparation, context, and support can help us navigate anything that may lie ahead. So far, this year hasn’t seen a...

Friday, June 24, 2022

Looking to eat healthier? Look to these international influences for inspiration We all look for healthier ways to eat from time to time, or just expand our food horizons. If you’re looking to shake things up a bit, consider...

Tuesday, June 21, 2022

Q: More and more of our employees are asking about the potential to add cryptocurrency options to our retirement plan investment lineup. What is the current regulatory perspective on this? A: On March 10, the U.S. Department of Labor...

Friday, June 17, 2022

Creating an estate plan is a key component of achieving financial wellness Most people don’t spend too much time thinking about end-of-life planning on a daily basis. But you may have loved ones who will soon face those issues....

Tuesday, June 14, 2022

More employers are enhancing their retirement plan to compete for new employees — and keep the ones they have Increasingly, plan sponsors are refreshing their workplace retirement plans to give employees both the opportunity to...

Friday, June 10, 2022

When it comes to old 401(k) accounts, it pays to know your options Like most people, you’re likely to change jobs several times during your working life. And you’ll likely have a 401(k) account through your former employer...

Tuesday, June 7, 2022

A recent survey showcases the increasing desire for in-plan ESG investment options  A new survey offers some key insights into why plan sponsors may want to consider building an investment lineup to meet the growing demand for...

Wednesday, May 25, 2022

The number one question I’m hearing this week is, “When are we going to see the stock market reach a low point?” In spite of recent volatility, my answer remains the same: rather than timing the markets, focus on time...

Wednesday, May 18, 2022

Few investors should have been surprised when the Federal Reserve raised interest rates after its May meeting.Throughout April, Fed Chair Jerome Powell and several Fed Governors talked about the need to keep raising short-term rates to...

Friday, May 6, 2022

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Monday, April 18, 2022

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Monday, April 11, 2022

Friday, April 8, 2022

Monday, April 4, 2022

Friday, April 1, 2022

Friday, March 25, 2022

Friday, March 18, 2022

Thursday, March 10, 2022

Thursday, February 24, 2022

Friday, February 18, 2022

Tuesday, February 15, 2022

Tuesday, February 1, 2022

Thursday, January 27, 2022

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Wednesday, December 1, 2021

You see it in prices at the grocery store and the gas station. You feel it in your monthly budget. So why don’t the financial markets seem too concerned about inflation? Remember, financial markets are considered...

Friday, November 19, 2021

Financial markets can be challenging to understand. But when markets enter a “bad news is good news” cycle, it becomes even more difficult to follow along. At its November meeting, the Fed outlined its plan to taper monthly...

Wednesday, November 17, 2021

Preparing for retirement just got a little more financial wiggle room. This week, the Internal Revenue Service (IRS) announced new contribution limits for 2022. Staying put for 2022 are traditional Individual Retirement Accounts (IRAs)...

Friday, November 12, 2021

To help raise revenue to pay for President Biden’s Build Back Better Plan, Congress is considering a number of tax law changes, including adjusting estate taxes. One of the proposals would reduce the estate tax exemption to...

Wednesday, October 27, 2021

Tips and resources that everyone can use Knowledge Is Retirement Power On August 14, 1935, President Franklin Roosevelt signed the Social Security Act. Eight-five years later, Social Security remains one of our country’s most...

Wednesday, October 20, 2021

Master these Social Security lessons to get a more realistic view of your retirement. According to Nationwide’s 8th Annual Social Security Consumer Survey, more than half of Americans express confidence that they know exactly how...

Friday, October 15, 2021

Q: Our plan committee has worked hard this year to maintain a consistent system of checks and balances with regard to plan compliance. Are there any items in particular we should prioritize in terms of staying compliant with our...

Wednesday, October 13, 2021

Follow these three tips to help reach a state of happiness on a daily basis. Do you find that happiness is hard to come by on some days? With all the challenges of the past year, it’s sometimes just easier to find imperfections...

Friday, October 8, 2021

New research reveals Americans have a significant knowledge gap regarding Social Security benefits. According to a recent survey1, more than half of Americans express confidence that they know exactly how to optimize their Social...

Wednesday, October 6, 2021

Knowing the different types of investment risk can help you cope with market volatility. When was the last time you checked your retirement plan balance? If your balance was less than it was the last time you checked, you probably felt...

Friday, October 1, 2021

A recent survey confirms that there is no single path to retirement Franklin Templeton’s June 2021 “Voice of the American Worker” survey confirms that retirement today feels “less cookie cutter than it used to...

Tuesday, September 21, 2021

The economic impact of COVID-19 has been felt from coast to coast. And, unfortunately for many pre-retirees, it could potentially impact Social Security benefits as well. A new report indicates that if Congress doesn’t take...

Tuesday, September 14, 2021

Your workplace retirement account can play a critical role in your overall retirement strategy. However, some have gone further with the accounts than others, especially recently. CNBC reported on findings that place 401(k) accounts at...

Tuesday, September 7, 2021

Are you having a tough time keeping track of inflation's mixed signals? You’re not alone. Consumer prices in July climbed at their fastest rate since August 2008. Worse, producer prices, which can be an indicator of future price...

Thursday, August 26, 2021

More than a year after the start of the pandemic, you may be pleased with the overall growth of the assets in your company’s retirement plan. After all, more assets generally mean better prospects for retirement security for your...

Monday, August 23, 2021

Perform this five-point inspection to help keep your retirement plan’s motor running smoothly Just like with a car, it’s a good idea to perform some annual maintenance on your retirement plan. Here’s a five point...

Friday, August 20, 2021

Tips to help you identify common phishing scams and take steps to avoid trouble If you spend any time online, you’ve probably been the target of a phishing attack. This is when a scammer pretends to be from a reputable company to...

Monday, August 16, 2021

A fresh approach to spending can help put some sizzle in your retirement savings Despite all the budgeting and cash flow tracking apps available, many people still struggle to manage their spending habits on a daily basis. What if...

Thursday, August 12, 2021

October Audit third quarter payroll and plan deposit dates to ensure compliance with the DOL’s rules regarding timely deposit of participant contributions and loan repayments. Verify that employees who became eligible for the...

Friday, August 6, 2021

Knowledge Is Retirement Power Followers of the Financial Independence Retire Early (FIRE) movement strive for complete financial freedom —earning and investing enough income to stop working for a paycheck in their thirties or...

Monday, August 2, 2021

Lesson: Don’t panic Among the key results was that very few participants moved money out of equity investments. Those who did, moving their money out of stocks and into a cash equivalent, unwittingly locked in their losses....

Wednesday, July 28, 2021

Q: We always meant to automate our plan audit files, but somehow we didn’t get around to it. When the pandemic hit, we had to send the information via email, and it looks like we will have to do so again. What do we need to know...

Monday, June 28, 2021

As our nation continues to recover from the effects of COVID-19, one economic trend has been capturing news attention as of late. Consumer prices are rising amidst economic recovery. In fact, the Consumer Price Index (CPI) rose 0.8% in...

Monday, June 21, 2021

Now and again, the price action on Wall Street can surprise even the most seasoned investors. Look no further than when President Biden in late April proposed an increase in the tax on capital gains to 39.6% from 20% for those...

Wednesday, June 16, 2021

Recently, you may have seen headlines regarding the Securing a Strong Retirement Act, also referred to as the second version of the SECURE Act, or SECURE Act 2.0. As the bill moves from the House of Representatives to the Senate, many...

Monday, June 14, 2021

It can be exhausting trying to keep up with the whims of Wall Street. Lately, the financial markets have been fixated on federal taxes and what may be proposed on Capitol Hill in the weeks and months ahead. Wall Street’s focus on...

Wednesday, June 9, 2021

Will your retirement dreams match your reality? That's perhaps the most critical question to ask people who are currently retired. Was your retirement what you expected, or was it something else? For more than 30 years, the Employee...

Monday, June 7, 2021

Identity theft is one of the fastest growing crimes in America affecting millions of unsuspecting individuals each year. A dishonest person who has your Social Security number can use it to obtain tax and other financial and personal...

Wednesday, June 2, 2021

Recently, you may have seen reports that a record-low number of homes are available for sale—roughly 1.03 million nationwide. If you compare that to the average number of homes for sale during the past 10 years, it's no surprise...

Tuesday, May 25, 2021

The SECURE Act offers additional tax credits for retirement plan startup costs and automatic enrollment. Stay updated on how these may affect you. Who is eligible for the tax credits? Business owners who have 100 or less employees who...

Sunday, May 9, 2021

Previously, the Internal Revenue Service (IRS) announced that the federal income tax filing due date for individuals for the 2020 tax year had been automatically extended from April 15, 2021, to May 17, 2021.1 More time for all However...

Friday, April 16, 2021

July Conduct a review of second quarter payroll and plan deposit dates to ensure compliance with the U.S. Department of Labor’s rules regarding timely deposit of participant contributions and loan repayments. Verify that...

Friday, April 9, 2021

Do you feel like you spent the last year gripping the steering wheel and waiting to see what would happen? You aren’t alone. Still, as we collectively look ahead and the chaos wanes, bits of good news are emerging. In the...

Friday, April 2, 2021

Knowledge is retirement power According to the latest Fidelity Retiree Health Care Cost Estimate (2020), an average retired couple age 65 may need approximately $295,000 saved (after tax) to cover health care expenses in retirement. Of...

Tuesday, March 30, 2021

Let’s play a little fill-in-the-blank game. Complete the following sentence: Those poor _________ (Millennials, GenXers, Boomers)! They really got the short end of the retirement stick, especially in light of the pandemic. Which...

Friday, March 26, 2021

Cultivating a realistic budget can help you harvest a better financial future Spring is here and it’s time to think about growth potential—for both your garden and your journey toward financial wellness! The following steps...

Friday, March 26, 2021

Q: Our business was hanging on in spite of COVID-19, but then our area was hit by wildfires. Can employees who participate in our 401(k) plan take money out of their accounts under the COVID relief provisions? A: No, but there may be...

Friday, March 19, 2021

When you get to a certain age, you may find yourself daydreaming about retiring early, or at least before the “traditional” age of 65. It’s only natural—the COVID-19 pandemic has caused many people to rethink...

Friday, March 12, 2021

Here are some easy ways to protect the environment and improve your budget at the same time. Wash your clothes in cold water. They get just as clean, but without the energy needed to heat the water. Take shorter showers. Shaving even...

Wednesday, April 4, 2018

How serious is the problem of financial stress? Seventy - Seven percent of Americans live paycheck to paycheck ,1 41% give themselves a C, D, or F in personal finance,2 according to citations in a recent white paper from Financial...

Thursday, June 15, 2017

Many Plan Sponsors understand that plan design has a big impact on participation and savings rates in their retirement plan. However, most fail to correlate how the plan design can have a big impact for plan sponsors depending on the...

Friday, March 24, 2017

Follow Hardship Distribution Rules to Keep Plan Status While many employees today understand the importance of retirement readiness, some plan participants may seek a 401(k) hardship distribution to accommodate crucial, more immediate...

Sunday, March 5, 2017

Now is the perfect time for planning to find ways to increase employee participation and savings rates in your company retirement plan. A well-designed 401(k) plan can play a significant role in helping you and your employees...

Friday, March 3, 2017

Do investors rely on emotion when investing? Many behavioral economists and psychologists believe they do. As much as we recognize the need to save, many small obstacles tend to get in the way. It turns out the decisions we make about...

Friday, March 3, 2017

Fostering retirement plan engagement is important, especially since it's a sure first step to helping create successful outcomes for participants. According to Milliman, the key is integrating your participant education and...

Wednesday, February 15, 2017

Few, if any, retirement plan sponsors want to face an audit, yet a successful private retirement system necessitates occasional employer audits by the Internal Revenue Service’s Employee Plans (EP) compliance program. Plan...

Friday, February 10, 2017

No one likes to make mistakes—especially retirement plan mistakes that can result in costly fines or even litigation. In 2014, the Internal Revenue Service/Department of Labor collected nearly $600 million for plan restorations,...

Wednesday, February 1, 2017

No matter the business or service, no one likes paying excessive fees. This is especially true with retirement plans. Participants are setting aside money for retirement, and the last thing they want is to have those precious dollars...

Wednesday, November 2, 2016

Eighteen years ago, the retirement industry rolled out automatic enrollment to help combat employee inertia, increase participation in workplace retirement plans, and foster higher savings rates. Still, a surprising number of plan...

Wednesday, November 2, 2016

While the de facto options for most retirement plans are target date funds (TDFs) and risk-based funds, not all QDIAs are created equal. When evaluating funds and providers, watch out for red flags, such as unreasonably high fees or...

Thursday, October 27, 2016

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans for the 2017 tax year. Many of the pension plan limits remain unchanged from 2016 to 2017.Listed below are the...

Wednesday, October 19, 2016

The Safe Harbor plan makes it easy for business owners to maximize contributions to their own accounts while reducing some of the limitations associated with adhering to IRS testing. The Safe Harbor Plan allows you to: Contribute the...

Monday, September 26, 2016

Did you know that a Safe Harbor 401(k) plan is not actually a separate plan from the traditional 401(k), rather it is an optional provision that can be added to the 401(k) plan document? Electing to be a Safe Harbor 401(k) plan is...

Monday, September 12, 2016

Ongoing communication with your retirement plan participants can often help boost contributions and retirement readiness. While much of this type of messaging is optional, there are some instances when participant notifications are a...

Monday, September 12, 2016

In 2008, the U.S. Department of Labor amended The Pension Protection Act of 2006 to establish Safe Harbor Rules for the selection of annuity providers for defined contribution plans. The details were intended to provide fiduciaries...

Monday, September 12, 2016

There are many behavioral barriers to saving for retirement, but have you ever likened those hurdles to picking fruit salad over cake? This light-hearted analogy kicks off Curious Behaviors That Can Ruin Your Retirement, an interactive...

Monday, August 15, 2016

Are your employees prepared for retirement? Why does it matter? Organizations can face unintended consequences when retirement-eligible employees remain working because they have not saved enough in their company's retirement plan....

Monday, August 15, 2016

This summer so far has been anything but quiet. Between the June Brexit vote, several headline-grabbing jobs reports, the winding path of oil prices, and all-time highs for stocks, there has been a lot of activity to absorb in these...

Tuesday, July 19, 2016

At the midyear point of 2016, LPL Research proposes a vote of confidence: in the economy, the market, and most importantly, in our ability as investors to remain focused on our long-term goals. This is not always easy. We may be entering th

Sunday, November 1, 2015

WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations...