When Should You Retire Your Simple IRA?

When Should You Retire Your Simple IRA? In 1996 the Savings Incentive Match Plan for Employees (aka SIMPLE IRA) was introduced as an alternative to offering a 401(k) plan. Yet a lot has changed over the last 25+years – innovation, technology and fiduciary solutions have made offering alternative structures a viable option for small businesses.  […]

Good Plan Design Leads to Financial Wellness

Facilitate Employee Financial Wellness with the Optimal Retirement Plan Design Employee financial wellness has become one of the favorite buzz phrases in the industry over the past decade; and the Covid-induced economic challenges of this past year are making it more of a necessity. Employer-sponsored retirement plans play a pivotal role in employee financial wellness […]

Help Improve Employees’ 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 […]

Buzzing About Employee Wellness

Businesses are Buzzing About Employee Financial Wellness   In the last four years, the percentage of plans that offer a comprehensive financial wellness program has grown from 16% to 23%. What are the most common employee concerns addressed by financial wellness programs?[1] Getting spending under control (41%) Preparing for retirement (39%) Paying off debt (31%) […]

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 […]