Blog

What to Do After Tax Season: A Mid-Year Financial Checklist

After tax season, many individuals and business owners have an opportunity to review cash flow, retirement contributions, investments, and tax planning to help stay aligned with their financial goals.

The Hidden Cost of Doing Nothing With Your 401(k) Plan

Many 401(k) plans are left on autopilot, but doing nothing can come at a cost. This article breaks down how outdated plan design, missed tax opportunities, and low engagement could be holding your plan and your business back.

The Hidden Risk in Market Volatility: It’s Not the Drop, It’s Missing the Recovery

The biggest risk in market volatility is not the downturn but missing the recovery. Discover why participant behavior matters and how plan sponsors can help employees stay on track for better retirement outcomes.

401(k) Refund Checks: Why They’re Not Always a Good Thing

Business owners often assume that getting a refund check from their company’s 401(k) plan is a positive sign—extra money back, right?Not necessarily.In many cases, these checks are the result of your plan failing IRS non-discrimination...

Strategic 401(k) Planning

Printing companies are rethinking their 401(k) plans as strategic tools—not just benefits. A well-designed plan can boost retention, improve tax efficiency, and support long-term business planning.

Roth or Regular?

Roth or Regular? Taking Advantage of a Roth Contribution Option Can Give You Some Flexibility in Retirement According to Vanguard’s “How America Saves 2024,” 82% of employers offer a Roth 401(k) option in addition to a traditional, or...

Plan Sponsor Quarterly To-Do List

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...

Non-Qualified Deferred Compensation Plans – Retain Top Talent with Executive Benefits

A Non-Qualified Deferred Compensation (NQDC) plan is a strategic way to provide additional retirement benefits to executives and key employees beyond traditional 401(k) limits. Unlike qualified plans, an NQDC plan offers greater flexibility

Safe Harbor 401(k) Plan Designs – A Smart Strategy for Compliance and Attraction

A Safe Harbor 401(k) plan is a strategic way to simplify compliance while attracting and retaining top talent.

The Power of Strategic Financial Education: A Key to Employee Engagement and Retirement Readiness

A well-structured 401(k) plan is only as valuable as employees’ ability to understand and maximize its benefits. That’s where strategic financial education comes in.

Why Life Insurance Is Important for Business Owners and Key Employees

When people think about life insurance, they often picture it as something for protecting families — but life insurance plays a critical role in protecting businesses too. For business owners and key employees, life insurance isn’t...

Reenrollment Readiness

The Why and How of Conducting an Annual Reenrollment The popularity of reenrollment has increased dramatically in recent years. Here are four reasons to consider conducting an annual reenrollment and the best practices to support them.

IRS Announces 2025 Retirement Plan Limits: What 401(k) Sponsors Need to Know

The Internal Revenue Service (IRS) has announced the retirement plan contribution limits for 2025, bringing several key changes for 401(k) plan sponsors. Staying informed is critical to ensure compliance and optimize benefits for your...

Unravelling the Rising Cost of Living

Understanding What Drives Higher Prices Can Help Improve Retirement Planning According to the Employee Benefit Research Institute’s 2024 Retirement Confidence Survey, 83% of workers are concerned that the higher cost of living will...

Set for Life

Complete These Tasks To Help Determine Your Life Insurance Needs For many people, life insurance is a key component of a comprehensive financial plan. Determining how much you need is a crucial step in ensuring financial security for...

Roth or Regular?

Taking Advantage of a Roth Contribution Option Can Give You Some Flexibility in Retirement According to Vanguard’s “How America Saves 2024,” 82% of employers offer a Roth 401(k) option in addition to a traditional, or regular, 401(k)...

Retirement in Motion

Tips and Resources that Everyone Can Use Knowledge Is Retirement Power The longer you wait to start collecting money after you become eligible for Social Security, the more you will receive. As an example, assume you were born in 1960....

Phone Smart

Four Tips To Keep Your Smart Phone Safe and Secure Most people use smart phones to do a great many things daily. These things might include completing the daily Wordle, communicating with loved ones, checking sports scores or...

Doggy Pay Care

Creating a Budget for Dog Parenthood Are you thinking about bringing a loyal, frisbee-chasing, treat-seeking, sock-stealing, face-licking, tail-wagging, bed-cuddling Canis familiaris into your life? If so, you’re in good company....

Give Your Plan a Retirement Wellness Exam

An 8-Step Assessment To Help Drive Employee Retirement Readiness Do the key features of your plan focus directly on getting your workforce fit for retirement? Use this review as a high-level guideline for prioritizing employee...

Plan Sponsors’s Quarterly Calendar; 4th Quarter 2024

JANUARY Send 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 U.S. Department of Labor’s...

TEAM BUILDING; Four Best Practices for Forming an Investment Committee

Four Best Practices for Forming an Investment Committee An investment committee can serve an important role with 401(k) plans. As fiduciaries, they are charged with making investment decisions in the best interest of plan participants....

Plan Sponsors Ask…

Q: Based on employee feedback, our plan committee is considering adding lifetime income options to our plan in 2025. Do you have any advice on how to begin evaluating the pros and cons of available options and assessing the fiduciary...

HOORAY FOR THE 401(K)

Defined Contribution Plans Highly Valued by Americans As a plan sponsor, you spend a lot of time with your advisor making sure your workplace retirement plan is as competitive and effective as it can be. You put in great effort...

Handle With Care; Understanding the Challenges and Needs of Employee Caregivers

According to Bank of America’s 2024 Workplace Benefits Report, 52% of the workforce identify as caregivers. Employees balancing their job duties with the demanding responsibilities of caring for a family member face several significant...

Elevate Your 401(k): Turning an Ordinary Plan into an Extraordinary Retirement Strategy

For successful business owners, planning for retirement requires a strategic approach that maximizes tax efficiency and ensures substantial savings. Combining a Cash Balance Plan with a 401(k) Profit Sharing Plan offers a powerful way...

BETTER TOGETHER

Better Together Retirement Planning With Your Spouse or Partner Are you in the phase of life where you are closer to retirement than to the start of your career? If so, now is a great time to begin planning for life after work with...

BONDING TIME

Bonding Time 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,...

Set For Life

Set for Life Complete These Tasks To Help Determine Your Life Insurance Needs For many people, life insurance is a key component of a comprehensive financial plan. Determining how much you need is a crucial step in ensuring financial...

RETIREMENT IN MOTION

Retirement in Motion 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...

BABY STEPS

Baby Steps 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...

Empowering Timely Retirements Through Active 401(k) Participation

In today’s fast-paced work environment, ensuring employees retire on time isn’t just beneficial—it’s essential for fostering a vibrant, dynamic workforce. One of the most effective ways to achieve this is by encouraging active...

5 Compelling Reasons to Choose a Safe Harbor 401(k) Plan for Your Company

Navigating the complexities of retirement plans can be challenging for businesses, especially when trying to balance employee benefits with regulatory compliance. One solution that stands out in this landscape is the Safe Harbor 401(k)...

Smart Move

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...

Anticipated 2025 401(k) Contribution Limits: How Changes Benefit Business Owners

As a financial advisor specializing in retirement programs, understanding the anticipated 2025 401(k) contribution limits is crucial for both employees and business owners. Let's explore the projected changes and how they can benefit...

Plan Sponsor Quarterly To-Do List

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...

Generation Next

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...

Playing the Long Game

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...

The Department of Labor's New Fiduciary Proposals

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...

Take the Plunge

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...

Retirement in Motion

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...

Bonding Time

Review the Potential Benefits of Bond Funds in Your Investment Strategy

Asked & Answered

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...

Spring Cleaning

How to Tidy Up Your Plan and Make Sure You're Covering All the Bases 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...

Baby Steps

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...

SMART Move

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...

Inside the Minds

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...

The Planning Zone

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...

Maximizing Your Retirement Income

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...

Plan Sponsor Quarterly To-Do List

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...

On the Money

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...

Retirement in Motion

Tips and Resources That Everyone Can Use Knowledge Is Retirement Power 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...

Plan Sponsors Ask...

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 “large...

Asked & Answered

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...

Winterize Your Retirement Portfolio

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....

The American Way

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,...

Raising the Bar

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 Contribution...

Plan Sponsors Ask...

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...

IRS Extends Beneficiary Payment Relief

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...

State of Emergency

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...

Closing the Generation Gap

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 to...

Reality Check on Your Retirement Savings

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...

Great Expectations

Survey Reveals Current Worker Expectations About Retirement Benefits The movement to give more Americans access to a workplace retirement plan is gaining momentum. This is evident in the continuing rollout of state-mandated IRA...

Gut Feeling

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...

Ruck On!

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...

Maximizing Your Retirement Income

Maximizing Your Retirement Income 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...

Taking a Cue

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...

IRS Grants Request for 2-Year Delay on Roth Catch-Ups

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...

The Two Faces of Debt

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 high of $927...

CHECKING UNDER THE HOOD

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...

Department of Labor Requests Information Prior to Issuing Guidance

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...

Retirement in Motion | 3Q2023

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...

IRS Delays Roth Catch-Up Requirements until 2026

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...

Pre-Launch Planning

Thinking About Adding a Financial Wellness Program? Here are 3 Things to Consider Callan’s 16th annual Defined Contribution (DC) Trends Survey offers the latest developments on a number of retirement plan topics, including SECURE...

Plan Sponsors Received Erroneous IRS Late Filing Notices

The IRS confirmed that there was a programming glitch that issued erroneous IRS Late Filling notices, which they stated was fixed on Aug. 23, 2023. They are working on an article to notify the public of the issue and what to do with...

The Planning Zone

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

Plan Sponsor Quarterly To-Do List

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...

Asked & Answered

Q: We are working with our advisor to address the specific needs and unique circumstances of our women employees. Are there any recent trends to be aware of to help us frame our approach? A: According to a December 2022 report from the...

Wake-Up Call

Try These Morning Rituals To Get Your Day Off To The Right StartWhat’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...

Cleared for Takeoff

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...

Coaching Decision

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...

Control Risk with Good Fiduciary Practices

Download the Full GuideAt Printers 401k®, we believe with the right plan design, we can create successful retirement outcomes for your business and employees.We are happy to help, if you have any questions or would like...

Retirement in Motion | Q2 2023

No matter what stage you are at in the retirement planning process, everyone should open a Social Security account as soon as possible. Creating an account gives you the control to check your annual Social Security statement for accuracy

Complying with Plan Audits, Plan and Regulatory Requirements

Learning ObjectivesBe able to anticipate and articulate documentation needs requiredGain a familiarity with the content, purpose, timing and requirements regarding ERISA notices and disclosures and different delivery optionsUnderstand...

Do Not Remove

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 —...

Plan Sponsors Ask | Q2 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...

Day Drinking: Start Your Day Off With Water (and Keep the Drinks Coming)

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 throughout the day is a basic rule of a healthy lifestyle.

Mistakes Happen

As 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 happen and you won’t be alone.

Behavioral Finance and Employee/Participant Engagement

There 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.

One for the Ages

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...

Considerations for Retirement Plan Design

This module describes the retirement plan design process, and the options and choices plan sponsors have in establishing a plan. The content will also focus on issues such as payroll and compensation practices, which can have a direct...

Plan Sponsor’s Quarterly Calendar | Q2 2023

AprilIf 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...

SECURE Act 2.0: Your Year-by-Year Reference Guide

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...

Plan Sponsors Ask | Q1 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...

Smart Shopper

Keep Your Money Safe With These Online Shopping Security Tips The 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...

Web Resources for Plan Sponsors

Internal Revenue Service, Employee Plans — www.irs.gov/epU.S. Department of Labor, Employee Benefits Security Administration — www.dol.gov/ebsa401(k) Help Center — www.401khelpcenter.comPlanSponsor Magazine —...

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 investingstrategy over the years. And you...

Reaching Retirement Readiness

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...

Retirement in Motion | Q1 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...

Tackling the Trend

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...

Top of Mind

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

Top 10 Provisions in the Latest Retirement Reform Act

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.

Plan Sponsor’s Quarterly Calendar | Q1 2023

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...

New 2023 401(k) Contribution Limits from the IRS

Starting Jan. 1, 2023, you may be able to invest more thanks to higher benefit limits for 401(k) and other qualified plans. Below are a summary of the changes:

Taking a Hike: Four ways interest Rate Hikes Can Affect Your Finances

Unless you live on another planet, you are fully aware of this thing called inflation. By raising rates, the Fed hopes to slow the economy and inflation.

Plan Sponsors Ask | Q4 2022

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

Rekindle the Romance

In the midst of economic adversity, market volatility, geopolitical uncertainty and a host of other things, it can be hard to find a silver lining. However, there is one thing that keeps showing you some love every day — your 401(k)!

Eyes on the Prize

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....

Get Into Your Rhythm

Ever 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. It may be that your circadian rhythm is off.

Everybody Wins: Select Plan Design Features Can Help Improve Outcomes for Lower-Income Workers

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. The following plan design ideas can help attract workers

Plan Sponsor’s Quarterly Calendar

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...

Navigating Turbulence | Midyear Outlook

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...

Retirement in Motion | Q3 2022

Tips and resources that everyone can use Knowledge Is Retirement Power Many people use the 4% rule to guide their retirement withdrawals once they stop working. The rule proposes that withdrawing 4% from a retirement fund in the first...

Global Grub

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...

Plan Sponsors Ask | Q3 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...

Eliminate the Guesswork

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....

Using Your Plan to Help Attract and Retain Employees

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...

Money in Motion

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...

Making Portfolios Personal

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...

When Will the Stock Market Hit Bottom?

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...

Fed Keeps Pushing Rates Higher

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...

Plan Sponsor’s Quarterly Calendar | Q3 2022

Deconstructing your Debt-to-Income Ratio

Plan Sponsors Ask | Q2 2022

Heart of the Matter: Managing your blood pressure is a key component of a healthy heart

A Window Into Wellness

Rx for Success

In the Driver’s Seat

Retirement in Motion | Q2 2022

REALITY CHECK ON YOUR RETIREMENT SAVINGS

MAKING SENSE OF YOUR ROTH 401(K)

There are specific rules addressing distributions and rollovers of a Roth 401(k), which combines features of Roth IRAs and a traditional 401(k). We offer an overview of the key considerations.

FASTEN YOUR SEATBELT | Surviving Market Turbulence

Economic downturns and turbulent investment markets can make people nervous. Recognize these events as a normal, although undesirable, part of the economic and investment cycles. With that in mind, following are some tips for investors...

Warren Buffett on Volatility

RMDs Get a Small Reprieve

Plan Sponsor’s Quarterly Calendar | Q2 2022

Wake-Up Call

Web Resources for Plan Sponsors

Money Mantras

Combatting Cybersecurity Threats

Everything’s Better With Bacon

Good Vibrations

Retirement in Motion | Q1 2022

401k Contribution Limits for 2022

Preparing for retirement just got a little more financial wiggle room. This month, the Internal Revenue Service (IRS) announced the workplace retirement plans contribution limits for 2022.Highlights include:The 401(k) and 403(b)...

Plan Sponsors Ask | Q1 2022

Offer a 401k | Save on Annual Business Taxes

Is Inflation Peaking?

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...

When Bad News Is Good News

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...

Estate Taxes May Be Amended Soon

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...

Don't Forget the Must-Do Communications

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...

Plan Sponsor’s Quarterly Calendar | Q1 2022

January Send 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...

Retirement in Motion | Q4 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...

Go to the Head of the Class

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...

Plan Sponsors Ask | Q4 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...

Find Your Happy Place

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...

Want to Improve Retirement Outcomes? Make Sure Employees Understand Social Security Basics

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...

The Many Faces of Risk

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...

Pondering the Next Stage in the Evolution of Retirement

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...

Social Security Benefits May Be Cut By 2034

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...

401(k) Millionaires

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...

Mixed Signals on Inflation

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...

Retirement Assets Grow, But are Some Being Left Behind?

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...

Annual Maintenance

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...

Catching a Phish

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...

Five Need-to-Know Plan Committee Guidelines

Five Need-to-Know Plan Committee Guidelines No one likes to go it alone, especially when “it” is the oversight of an employer sponsored retirement plan. The fiduciary rules and regulations, and the responsibilities to your...

Plan Sponsor’s Quarterly Calendar | Q4 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...

Retirement in Motion | Q3 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...

Great Challenges Teach Important Lessons

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....

Money Well Spent

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...

Plan Sponsors Ask | Q3 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...

Inflation Outlook for 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...

Debate Starts on Capital Gains Tax

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%.

Are You Ready for the Second Act of the S.E.C.U.R.E. Act?

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...

Four Risks Participants May Not Know They're Facing

Life involves risk. One of them is retirement, and whether the money we save to fund it will last. Do your employees understand their risk, and actions they can take now to manage it?

The Whims of Wall Street

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...

2021 Retirement Confidence Survey

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...

Identity Theft and Taxes

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...

What Forces Are Driving the Housing Market?

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...

Let’s talk SECURE Act tax credits

The SECURE Act offers additional tax credits with the retirement plan startup costs and the automatic enrollment tax credits. Stay updated on how these may affect you or your clients. Who is eligible for the tax credits? Business...

Fiduciary Duty

When speaking with various Plan sponsors, I have found the vast majority of them have no idea of the significant liability they are exposed to in their duties regarding their company’s 401(k). Many Plan sponsors may have little...

Riding It Out: Strategies to help survive the ups and downs of the market

Riding It Out Strategies to help survive the ups and downs of the market While visiting an amusement park this summer may not be possible for everyone, the stock market has provided a number of exhilarating rides to make up for it....

Record Gains and New Highs: There Is Some Good News, After All

In the investing world, 2020 was a year of records and firsts. The Dow Jones Industrial Average closed out the year at well over the 30,000 mark, setting a new record high as it increased more than 7% from the beginning of the year.

Plan Sponsor’s Quarterly Calendar | Q3 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.

Retirement in Motion | Q2 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...

The IRS Extends Additional Tax Deadlines for IRAs, HSAs, and More

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, 2021.1More time for allHowever,...

COVID-19 Impacts Retirement Prospects for Each Workforce Generation

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 is the...

Plan Sponsors Ask…

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...

Grow Your Financial Garden

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!

Thinking of retiring early? Here’s what you need to know

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...

Go Green: Help sustain the environment with these practical money-saving tips

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...

Sponsor a Better Retirement Plan

One thing we have learned over the years is companies are focused on finding cost-efficiencies and ways to help reduce the amount of time employees are spending on administrative functions. We found 401k administration adds to the long...

Plan Sponsor's Quarterly Calendar

What does the Plan Sponsor's Quarterly Calendar include? 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 [...]

Are there conflicts with my 401k plan investments?

There are 3 basic questions related to plan investments you can ask that can uncover potential conflicts of interests. How is revenue sharing allocated? The best practice is to allocate it back to participants that earned it. If this...

SECURE ACT 2.0: New Congress in Position to Consider Significant Retirement Plan Changes

In 2019, The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. While it is likely the most well-known of the retirement bill, in recent years, two other significant retirement bills were introduced...

The Pandemic's Impact on Savings Behaviors: Comparing Past and Present

One year ago, there was already troubling news about how little Americans had saved for retirement. Then the pandemic descended, multiplying those concerns. What will be the long-term impact on participant saving behaviors?

A Date with Destiny

Taking the right retirement planning steps as you reach each of the following age milestones could help you maximize your income, minimize your taxes and avoid penalties. Some of these dates are critically important.

Fiber Optics

According to the National Institutes of Health, most people consume less than half of the recommended amounts of fiber, despite the health benefits that come with it. Those who have diets rich in fiber are more likely to manage their...

Retirement in Motion | Q1 2021

In planning for your retirement income, it’s important to note that any COLA adjustment from the SSA can vary each year and is not guaranteed. For reference, here are the SSA’s Cost-of-Living Adjustments in effect:

Higher Learning

For many people, a 529 savings plan offers an opportunity to achieve an important life goal and improve overall financial health. Here are three benefits that are particularly important during these times.

Is It Time to Start Counting?

The SECURE Act will certainly enable many long-term, part-time employees to become eligible to participate in their employer’s 401(k) plan. To be prepared for this change, plan sponsors may want to review their plan documents.

Pension Plan Limitations for 2021

See the Pension Plan Limitations table for 2021, including: 401(k) Maximum Participant Deferral, Defined Contribution Maximum Annual Addition, Highly Compensated Employee Threshold, and Annual Compensation Limit.

Plan Sponsors Ask...

The ups and downs in the stock market have made some 401(k) plan participants very nervous, to the point that some have moved their entire accounts into money market funds. Is that a good strategy for retirement savings?

A closer look at 401(k) tax credits

Whether you’re considering or in the process of setting up a small-business retirement plan, or you’ve established one in the past few years, learn how you can potentially benefit from the increased federal tax startup...

Why Sponsor A 401(k)

5 REASONS TO ESTABLISH A 401(K) PLAN - The 401(k) plan is a favorite retirement savings vehicle for Americans. It is estimated that 79% of working Americans work for a company that offers a 401(k) or....

Tap into the Power Nap

Tap into the Power NapA short snooze can help get you through a tough day With all the fear, uncertainty and drastic changes that have occurred over the past several months, who has been able to tune out and enjoy a good, old-fashioned...

Retirement in Motion 4Q2020

Retirement in MotionTips and resources that everyone can use Knowledge is retirement powerLooking to reduce your taxes? It’s always good to remind yourself that your workplace retirement plan offers one of the best tax breaks...

One for the Ages

Consider the trade-offs before deciding what age to begin taking Social Security benefits As you get close to retirement, one of your biggest questions will likely be when to begin taking Social Security benefits. If you file at an age...

Fiduciary Issues and Coronavirus: What You Should Know

They may have moved to the figurative back seat for a while, but retirement plan fiduciary issues did not stop during the Coronavirus pandemic. As you sift through what has happened in the last few months, you’ll want to pay...

Plan Sponsor’s Quarterly Calendar 3Q2020

Plan Sponsor’s Quarterly Calendar October Audit third 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...

Variety Pack

Variety Pack Maintaining a diversified portfolio can help you feel more in control during uncertain economic times The COVID-19 pandemic has certainly tested the resolve of even the most seasoned investors. To help regain some...

Forward Thinking

Forward Thinking Five ways to keep moving forward in the age of social distancing Activities that people used to take for granted have changed in major ways — like a trip to the grocery store, attending a live concert or sporting...

Reviewing Plan Fees: Avoiding the Squeeze Play

"The future ain’t what it used to be” – Yogi Berra The events of 2020 have dramatically impacted nearly every business. Companies have been forced to implement new policies and procedures to keep their employees safe,...

Retirement in Motion 3Q2020

Retirement in Motion Tips and resources that everyone can use Knowledge is retirement power It’s important to review your tolerance for investment risk on a regular basis, especially given the current market volatility. If you...

Coronavirus and Your 401k Plan: What You Need to Know

As we collectively struggle through the challenges presented by the Coronavirus pandemic, one thing is certain: employers are faced with some tough choices that will impact the company and its employees well into the future. Here are a...

Take Five

Take Five Five easy ways to reduce daily stress No matter how calm you try to stay, life is going to throw some stressful moments at you. It can really affect your focus on retirement planning or other financial goals. One day you...

Spring Cleaning

Spring Cleaning Eight tips for tidying up your personal finances Spring cleaning doesn’t just mean dusting off those bookshelves in your living room (which, by the way, probably haven’t been dusted since you moved in) or...

How Does the CARES Act affect my Retirement Plan?

Retirement Plan Provision of CARES Act We wanted to keep you apprised of the latest developments regarding The Coronavirus, Aid, Relief and Economic Security (CARES) Act. On March 27, 2020, the President signed into law an...

Historical Health Scares—What Does COVID-19 Mean to Investors

With the perspective of hindsight, it appears that past health scares, including SARS (2003), Swine flu (2009) and Ebola (2014), tend to follow a standard script for investors, the markets, and the economy. It includes: The spread of...

Where They Stand, Where They Are Headed: Can You Help Employees Save (or Save More)?

How realistic are employees about the true state of their retirement savings? While many among the three primary generations that make up today’s workforce are feeling pretty good about the future, all three may be seeing things...

Is it Time to Set Sail into a Safe Harbor 401k?

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...

Our 401(k) Plan is Relatively Small. Should We Be Concerned about Fiduciary Issues and Lawsuits?

Our 401(k) plan is relatively small. Do we need to be concerned about fiduciary issues and lawsuits? It seems like there are bigger fish to fry? If your plan does not hold much money in assets, you are correct that ERISA enforcement...

Recruit | Retain | Reward | Retire

Become a top employer! Do you want to gain a competitive advantage in recruiting, retaining and rewarding employees? You can, with a Smart 401k Plan Design and an organized course of action. By offering employees an optimized 401k plan...

2019 Plan Sponsor's Calendar

January • Send payroll and employee census data to the plan’s recordkeeper for plan-yearend compliance testing (calendar-year plans). • Audit fourth quarter payroll and plan deposit dates to ensure compliance with the...

Retirement Expectations vs. Reality: Communication Opportunities at the Crossroads

When expectation and reality differ, the results can be tough to take — especially when the subject is retirement. By communicating with employees in a way that recognizes both the perceptions and the realities, employers can...

Six Steps for Creating a Fee Review Process

6 Steps for Creating a Fee Review Process Formalize your fee policy Take inventory of fees and services provided Evaluate fees vs. services provided Develop a benchmarking strategy Prepare for creating a participant inquiry process...

2019 Contribution and Benefit Limits

The IRS has announced the 2019 contribution and benefit limits for 401(k) and other qualified plans. Highlights include: •The 401(k) and 403(b) Maximum Annual Elective Deferral Limit has increased to $19,000 •The Catch-up...

End-of-Year Checklist for Retirement Plan Sponsors

It’s hard to believe we are in the home stretch of 2018 and it is now time to start planning year end and looking forward to 2019. We have provided a Plan Sponsor’s Outlook Calendar below, that will outline some key house...

FIVE STEPS TO DELIVER ON YOUR FIDUCIARY RESPONSIBILITIES

Now that you know what some of your responsibilities are and why they are important, let’s talk about how to deliver on them. One – Document Your Decisions Ideally, you set up a due diligence file when you established your...

In the Driver's Seat

When it comes to investing for retirement, it’s up to you to decide how to manage your plan Your company offers a major benefit through its retirement plan — a powerful vehicle that helps you save. It’s up to you to...

Don't Let Your Safe Harbor Set Sail Without You

The deadline to start a new Safe Harbor Plan is fast approaching. Please act now! For the right company, a Safe Harbor 401(k) Plan offers real advantages over a traditional 401(k). Most importantly, Safe Harbor Plans make it possible...

Get Well: 3 Simple Ways to Kickstart a Healthy 401k Plan

It’s no secret that human resources professionals and CEOs have a lot going on. Each day, they are pulled in many directions, from managing health benefits to recruiting employees. As plan sponsors they may find it more difficult...

Employees Prefer a Retirement Paycheck

The shift away from traditional pension plans means today’s employees are largely responsible for their own retirement security. Yet many seem to long for the “good old days,” at least in the sense of knowing they...

A Look Inside the Average 401(k) Plan: How Your Plan Compares

As an employer, you face a challenge: attracting and retaining the right talent necessary to drive your business forward. At the same time, you likely feel a responsibility to help your employees reach retirement financially prepared....

Back to Basics: How to Measure Plan Objectives

Missed Tuesday's Webinar? Don't sweat it. Here is a recap of information that was covered. Is your company’s retirement plan helping employees save adequately for the future? Are older workers retiring in a timely manner to make...

2018 Retirement Trends to Watch

2018 Retirement Trends to Watch In-plan spending strategies becoming more important Among retirement industry trends to watch in 2018, along with how to save money in a 401(k) plan and other retirement accounts, is how to spend those...

Inside Retirement 1Q2018 Recap

DOL Update: Increased Civil Penalties In January, the DOL announced further increases to several civil monetary penalties that can be assessed against employers for not complying with the DOL rules. These increases are applicable for...

Five Money Rules to Live By

It’s not simply a matter of working harder; it’s much more about using your non-financial skills and talents in new ways to bring you prosperity and a greater sense of personal satisfaction. Here are five tips to follow...

Taking Advantage of New Tax Law

The dust hasn’t yet settled, but a few things about the new tax law seem clear. Employees will likely begin to notice a difference in their paychecks as early as February, and some projections put the average worker’s...

Tackle Financial Stress with Education

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...

Dreaming of a Royal Retirement?

Dreaming of a Royal Retirement? With the upcoming Royal wedding due to take place on May 19th, 2018, it has many people dreaming of what it would like to by royalty. While this might not be in the cards for most, a royal retirement can...

It’s that time of year again: Year-End Testing

Year- End Testing Often Requires Corrective Action Each year, 401(k) plans must pass a series of compliance tests to ensure that the company owners and key personnel are not benefitting disproportionately compared to lower paid...

For Hire: Which Investment Professional is Right for My Plan?

Are you considering sponsoring a retirement plan for your employees? Perhaps you already sponsor a plan and would like additional help making decisions, such as choosing the best investments for your participants and their...

Get it off my plate! How to Delegate Fiduciary Responsibility

Many Plan Sponsors are overwhelmed or unaware of the duties required of them as Plan Fiduciaries. Navigating through mounds of paperwork trying to unscramble what their responsibilities are, what their actual fees are, and how their...

Raise Your Retirement Plan Fee IQ

Raise Your Retirement Plan Fee IQ As a plan fiduciary, you have a responsibility to ensure that the services provided to the plan are necessary and that the cost of those services is reasonable. To fulfill that important duty, make...

New Guidance on RMDs For Missing Participants

Federal tax law requires retirement plan participants to begin taking required minimum distributions (RMDs) when they reach age 70½. December 31 is the deadline by which RMDs must be paid out each year, except for the first...

Is the IRS Still Focusing on Employer Sponsored Retirement Plans?

When the fee disclosure rules were announced a few years ago, part of the discussion was an increase in spending by the IRS to make sure plans were complying. Is the IRS still focusing on employer sponsored retirement plans? The IRS...

Are You a Plan Fiduciary?

How do you know if you are a Plan Fiduciary? If you are not sure, or even if you think you are not, chances are you might be. The easiest way to check is to look at your Plan’s 5500, Plan Document, Service provider agreements. If...

Overcoming the Lag In Women's Retirement Saving

In general, women need more and save less money for retirement than do men. Overall, women accumulate less money for retirement than men, yet because they have a longer lifespan, the need for savings is greater. And because men die...

When an Employee Retire...Matters to Them....and to Employers

Americans pride themselves on making their own decisions, and when to retire is an important one. But it takes money to retire, and the shift away from traditional pension plans leaves many Americans ill-prepared to retire when they...

8 MISTAKES THAT CAN UPEND YOUR RETIREMENT

Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy: Yes, the biggest mistake is having no strategy at...

Choosing Investments in Your 401(k)

Five guidelines to use when selecting funds for your plan When you participate in a 401(k) plan at work, or a 457 or 403(b) plan if you work at a non-profit or government agency, you are responsible for choosing investments in your...

Enthusiasm and Trust High for 401k Plans

When it comes to saving for retirement, Americans love their 401(k) and other defined contribution (DC) plans. They demonstrate it with money and participation: As of late 2016, about 54 million Americans were active participants in...

2018 Retirement Plan Contribution Limitations

Plan Committee Guidelines: 5 Things You Need to Know!

No one likes to go it alone, especially when “it” is the oversight of an employer sponsored retirement plan. The fiduciary rules, regulations, and the responsibilities to your employees, can be enormous burdens. You want to...

Financial Wellness Reaching Majority Status

Your company is likely among the majority that not only want to help employees with their nonretirement financial matters but also are offering tools to make it happen. That statement can be made with some degree of confidence, because...

The Average 401k Plan is Wasting Money - Is Yours?

The Average retirement plan is wasting 25 basis points of participant’s money per year and there are many plans who are wasting in excess of 1%. To put this in perspective 25 basis points for a $5,000,000 plan, equates $12,500 in...

How Student Loans Impact Retirement Savings and Income

Two recent studies examined the impact of student loans on retirement savings and income for Americans in two very different life stages: early savers and individuals in or approaching retirement. A study from the Center for...

The Rules of the Roth

Each of your workers has a unique story, and some demographics in particular may benefit from Roth options in the company’s retirement plan. Young workers, employees in lower tax brackets, and even highly compensated employees...

Is your plan on the right track to pass end of year testing?

Is your plan on the right track to pass end of year testing? A proactive check-up can prevent the unexpected costs of failed testing at year end and allow you to take action now to improve your results. Watch this brief video to learn more

The Safe Harbor Deadline is Quickly Approaching

Implement Your Plan Before 10/1 A Safe Harbor 401(k) Plan is a way to design your plan to automatically pass the Non-discrimination tests or avoids them altogether, guaranteeing that the highly compensated employees can make the...

Is it Important to do Periodic Reviews of the Conservative Options in our Investment Line Up?

Is it important to do periodic reviews of the conservative options in our investment lineup, and if so, when should we evaluate those offerings? Good question! It’s always a good idea to review your investment lineup regularly to...

What Can Squirrels Teach Us About Saving?

What Can Squirrels Teach Us About Saving? They’re smart and adaptable, and they plan. Darwin said that organisms don’t need to be the smartest to survive, they need to be the most adaptable. Gray squirrels are a double...

IRS Update 2Q2017 - How to Calculate Plan Loans

Watch this brief video to find out how!

Plan Success by Design: Using Plan Forfeitures

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...

How Do I know if a Conflict of Interest Exists with my 401k Plan Investments?

Watch this brief video to find out the three questions to ask!

How Our Fiduciary Standard Protects You

You may have heard media reports about a new fiduciary rule for retirement accounts that President Trump has rescinded. Understandably, you may have questions about how this might impact to your 401k plan. The rule was designed to...

Student Loan Debt Growing for Older Americans

For parents who want to help their children pay off loans, a note of caution. A growing number of parents appear to want to help, as young-adult children struggle to pay off debt in an era when wages are not growing and rents are high....

How important are targeted messages to participants in your retirement plan?

How important is it to deliver targeted messages as we attempt to engage, communicate with and educate different participant demographics in our retirement plan? In a word, very. Targeted communications and relevant tools, like mobile...

Yes, it is true! You are a Plan Fiduciary.

How do you know if you are a Plan Fiduciary? If you are not sure, or even if you think you are not, chances are you might be. The easiest way to check is to look at your Plan’s 5500, Plan Document, Service provider agreements. If...

Follow Hardship Distribution Rules to Keep Plan Status

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...

4 Simple Ways to Increase 401k Participant Savings

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 save...

Putting Mind Over Matter

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...

Knock, Knock : What to Expect if your Retirement Plan is Audited

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...

12 Plan Mistakes That Could Have the DOL Knocking on Your Door

No one likes to make mistakes—especially retirement plan mistakes that can result in costly fines or even litigation. In 2016, the Department of Labor collected nearly $777.5 million for plan restorations, penalties and fines....

Fee Oversight Must be Ongoing

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...

In Case You Missed It! The DOL Regulatory Package Webinar Recap

How the Fiduciary Rule Will Affect Your Plan and Employees Department of Labor (DOL) released a rule last April, which we call "the fiduciary rule." Essentially, it requires all individuals giving advice to retirement accounts to act...

2016 Benchmark Study Reveals Encouraging 401k Plan Data

In 2015, some encouraging trends emerged for 401k plans, according to a recent survey. New participant savings rates, increased Roth contributions, reduced trading activity and fewer plan loans all contributed to solid retirement...

DC Plans Alive, Well and Thriving

DC Plans Alive, Well and Thriving Although the private, employer-sponsored retirement plan system went through a shaky period during the 2008 financial crisis (when plan balances declined and the number of loans rose), DC plans have...

How Does the New DOL Fiduciary Investment Advice Rule Impact Plan Sponsors?

As you probably know, the Department of Labor issued final guidance on the fiduciary rule in April. Now that the dust has settled, let’s take a closer look at how the new standards affect plan sponsors. The biggest change is an...

How Do We Improve Participant Engagement With Our Retirement Plan?

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...

How Can We Reduce Our Fiduciary Risk When Selecting Qualified Default Investment Alternatives

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...

Promoting Plan Success Webinar Recap

Today, many employees are unprepared for retirement. Some workers don’t know how to calculate their future financial needs and they lack the financial literacy to effectively manage their assets. Others are not motivated to save...

Plan Sponsors: Employees Want Automatic Retirement Plan Features, So Why Not Offer Them?

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...

IRS Announces 2017 Plan Limits

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...

Is Safe Harbor the Solution to your Company's Retirement Plan?

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...

Are your Employees Prepared for Retirement?

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....

August 2016 "Market Watch"

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...

2016 Plan LImits

The Internal Revenue Service 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 will not change for 2016...