Electronic Notice Delivery Requirements

Are you meeting the DOL requirements for electronic plan delivery? Plan sponsors have a safe harbor means to deliver certain plan documents and notices electronically to participants and other interested parties. The Department of Labor (DOL) announced a final rule on May 21, 2020, effective July 27, 2020, that allows employers to post certain retirement […]

Five Reasons to Start a 401(k) Plan

Did You Know That Small Business Drives Over 95% Of The U.S. Economy And Employs Over 60% Of The Workforce, Yet Less Than Half Offer Their Employees A Retirement Plan?¹ These five simple reasons are why your organization should take action against this crisis: Now is the time. Thanks to the SECURE Act 2.0 of […]

4 Best Practices 4 Starting a 401(k)

By starting a new retirement plan, you have the unique opportunity to start from strength, without legacy headaches and challenges. We have learned a lot since the first 401(k) was introduced nearly 50 years ago

Better Worker Retirement Outcomes

Why now may be the time to consider reenrollment Today, people are living longer, with more time spent in retirement: Average U.S. life expectancy was 79 in 2015 – it will jump to 104 for those born today.1 However, many aren’t prepared. Two in five households approaching retirement have no retirement savings at all.2 For […]

5 habits of successful 401(k) sponsors

As a plan sponsor, your 401(k) participants depend on you to help create the retirements they envision. The good news is that many of these participants likely recognize the importance of saving for retirement. In fact, with retirement lasting longer than ever, 401(k) millionaires – those with at least $1 million in their retirement accounts […]

Solving Complex Challenges with Simple Solutions

As an employer and sponsor of a retirement plan, your company shoulders a great many responsibilities. Among them: listening to the needs of your employees, selecting appropriate retirement plan service provider(s), choosing and monitoring investments, keeping up with legislative changes, ensuring your plan is administered properly, and educating and informing plan participants – all at […]

Don’t Go At Your 401(k) Plan Alone

Sponsoring a retirement plan is one of the more challenging endeavors an employer can undertake. However, the advantages of offering a plan are undeniable – not only does it offer a savings vehicle for you and your employees, the tax advantages may help both your business and participants. Administering a plan and managing the assets […]

3 Ways to Reduce 401(k) Plan Costs

Ensuring that a plan’s fees costs are “reasonable” is one of the principal duties of a retirement plan fiduciary. This would seem simple enough, yet ERISA does not define reasonable and regulators simply provide broad, general guidance relating to the matter. This leaves plan sponsors with little to no direction as to where to begin. […]