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Retirement Times

April 2024: Help Participants avoid these tdf missteps

April 2024: Help Participants avoid these tdf missteps

Target date funds are in high demand these days.

March 2024: Avoiding Social media pitfalls in retirement planning

March 2024: Avoiding Social media pitfalls in retirement planning

Americans are increasingly getting financial and retirement planning guidance from social media, risking exposure to misinformation, harmful advice and outright scams.

February 2024: The Gen X Saving crisis - How plan sponsors can help

February 2024: The Gen X Saving crisis - How plan sponsors can help

According to a December 2023 survey from Schroder’s, nearly half of non-retired Gen Xers, those born between 1965 and 1980, have not done any retirement planning whatsoever.

January 2024: Proposed Legislation Aims to Help Young Workers Put Time on Their Side

January 2024: Proposed Legislation Aims to Help Young Workers Put Time on Their Side

Retirement planning often directs attention toward mid-career 401(k) participants and those nearing retirement

December 2023: Navigating the Complexity of EBSA Investigations

December 2023: Navigating the Complexity of EBSA Investigations

Members of the House of Representatives recently raised concerns regarding the Department of Labor’s EBSA investigations into plan sponsors, citing them as lengthy and burdensome, and called for reform.

November 2023: 401(k) Fears What's a Plan Sponsor to Do?

November 2023: 401(k) Fears What's a Plan Sponsor to Do?

Sound investment decisions are rarely made under the weight of worry.

October 2023: Hardship Distributions Surge - Strategies for a Troubling Trend

October 2023: Hardship Distributions Surge - Strategies for a Troubling Trend

More and more workers are taking hardship distributions from their 401(k) accounts, a recent report shows.

September 2023: The Retirement Savings Glass Is Only Half Full For Women

September 2023: The Retirement Savings Glass Is Only Half Full For Women

According to recent data from the National Council on Aging and the Women's Institute for a Secure Retirement, nearly half of women ages 25 and older lack access to a tax-advantaged, employer-sponsored retirement plan.

August 2023: Employees Want Financial Planning Support

August 2023: Employees Want Financial Planning Support

Financial stressors including stubbornly high inflation and historic levels of credit card debt continue to impact workers across a wide range of income brackets.

July 2023: Connection to Future Self is Key to Retirement Readiness

July 2023: Connection to Future Self is Key to Retirement Readiness

The relationship we forge with our future selves can greatly impact financial decision making in the present.

June 2023: Customized Content Positive for Retirement Readiness

June 2023: Customized Content Positive for Retirement Readiness

From recent college grads struggling with student debt to seasoned professionals planning an imminent retirement, participants’ financial needs and goals are as diverse as the workforce they’re part of.

May 2023: Is your Retirement Plan "Catchy?"<br/>

May 2023: Is your Retirement Plan "Catchy?"

By offering — and encouraging — catch-up contributions, plan sponsors can demonstrate a heightened commitment to employee retirement readiness

April 2023: Your Plan Fiduciary Must-Do and Should-Do List

April 2023: Your Plan Fiduciary Must-Do and Should-Do List

When you’re a plan fiduciary, you are, of course, prioritizing what ERISA law requires of you. You have a checklist of Must-Dos.

March 2023: The Retirement Reshuffle is Impacting Plan Sponsors

March 2023: The Retirement Reshuffle is Impacting Plan Sponsors

Across the nation, more and more workers are expecting to postpone retirement. 

February 2023: Offboarding Employees from Your 401(k) Plan

February 2023: Offboarding Employees from Your 401(k) Plan

A full two-thirds of employees don’t receive guidance on managing their retirement plan benefit while offboarding.

January 2023: IPS Can Still Add Value&#160;

January 2023: IPS Can Still Add Value 

Investment policy statements (IPSs) are commonplace among retirement plans — with around 83% providing one.

December 2022: End the Year on a Bright Note

December 2022: End the Year on a Bright Note

December brings with it an expectation of cheer, hope, and festivities. What your employees do not expect (and, frankly, don’t want) are grumpy nudges about enrollment.

November 2022: DOL Updates

November 2022: DOL Updates

In September, the U.S. Department of Labor (DOL) released an Interpretive Bulletin that updates guidance on audits of benefit plans under the Employee Retirement Income Security Act.

October 2022: Cybersecurity Must Be a Priority for Plan Fiduciaries

October 2022: Cybersecurity Must Be a Priority for Plan Fiduciaries

Most 401(k) plans have access to a large pool of funds, making them an attractive target for cybertheft. And while stolen funds are devastating, unauthorized transactions aren’t the only goal of cybercriminals.

September 2022: How to Design a Differentiating Benefits Package

September 2022: How to Design a Differentiating Benefits Package

Over the past couple of years, the so-called “Great Resignation” has led to an unprecedented number of career changes.

August 2022 : Keeping Retirees in Your Plan

August 2022 : Keeping Retirees in Your Plan

According to T. Rowe Price, some sponsors may anticipate that their relationship with participants — as well as their responsibilities toward them — will naturally wind down at retirement, even though only about one in five sponsors prefer participants to leave their plans when they exit the workforce.

July 2022: Safe Harbor Plans

July 2022: Safe Harbor Plans

401(k) plans are intended to provide comparable advantages for all employees, and there are numerous safeguards in place to make sure their benefits are allocated equitably.

June 2022: Behavioral Finance

June 2022: Behavioral Finance

Though many employees are aware that behaviors such as enrolling in and contributing sufficiently to their company 401(k) can help them prepare for a successful retirement, too often they fail to develop the necessary saving and investing habits.

May 2022: Student Loan Debt

May 2022: Student Loan Debt

According to the College Board, the cost of a four-year education increased more than 200% (after inflation) from 1988 to 2018.

April 2022: Risk of 401(k) Lawsuits

April 2022: Risk of 401(k) Lawsuits

When a giant organization with extensive resources gets sued for alleged ERISA compliance failures — especially if the organization’s own service offerings include reviewing for such violations — that could very well be the canary in the coalmine for all other, lesser endowed firms.

March 2022: Committee Charter

March 2022: Committee Charter

Although not legally required by ERISA, a retirement plan committee charter is a very important document for plan governance that may help fiduciaries avoid potential liabilities.

February 2022: ERISA 3(38) Fiduciary Services

February 2022: ERISA 3(38) Fiduciary Services

Most companies and organizations’ human resources departments and C-suites are seeking efficiencies and risk mitigation for their entities.

January 2022: When Does a Participant Loan Become a Deemed Distribution?

January 2022: When Does a Participant Loan Become a Deemed Distribution?

A recent IRS Issue Snapshot (link below) affirms that a participant loan is a legally enforceable agreement and terms of the loan agreement must comply with Internal Revenue Code (IRC Section 72(p)(2) and Treasury Regulation Section 1.72(p)-1).

December 2021: Happy Holidays

December 2021: Happy Holidays

2021 has been a challenging year for many of us but as we reflect
on it, we realize how important you have been to our company.

November 2021:&#160;<strong>3 Tactics to Combat the Great Resignation</strong>

November 2021: 3 Tactics to Combat the Great Resignation

During the pandemic, workers quit their jobs in record numbers across the U.S. According to the Bureau of Labor Statistics (BLS).

October 2021: DOL Cybersecurity Tips

October 2021: DOL Cybersecurity Tips

In this age of relying heavily on technology, it is vital to take the necessary cyber security precautions.

September 2021: When It Comes to Financial Wellness... The Time Is Now

September 2021: When It Comes to Financial Wellness... The Time Is Now

While one could say it’s always a good idea to focus on well-being of any type — whether that’s physical, mental, or financial wellness — there’s perhaps never been a more important time to help employees improve their financial literacy, behaviors, and resilience than right now.

Retirement Times - August 2021 -Generational Influences and Behavioral Finance

Retirement Times - August 2021 -Generational Influences and Behavioral Finance

Understanding generational attitudes toward investing and the cognitive biases that can lead participants astray is key to helping employees of all ages improve their financial wellness and prepare for a secure and successful retirement.

Retirement Times - July 2021 - Bitcoin: Coming to a 401(k) Plan Near You?

Retirement Times - July 2021 - Bitcoin: Coming to a 401(k) Plan Near You?

Our 2018 report on Bitcoin (BTC), and the conclusions therefrom, remain relevant today. In short, the prudence in adding Bitcoin to a retirement plan is questionable, at best.

Retirement Times - June 2021 - The status on allowing 401(k) match for student loan payments

Retirement Times - June 2021 - The status on allowing 401(k) match for student loan payments

A newly proposed Senate bill by Senate Finance Chairman Ron Wyden, would enable participants to continue saving for retirement while repaying their student debt.