By offering — and encouraging — catch-up contributions, plan sponsors can demonstrate a heightened commitment to employee retirement readiness. Over a five-year period ending in 2020, nearly 15% of participants… Read More
Business Owners
Your Plan Fiduciary Must-Do and Should-Do Lists
When you’re a plan fiduciary, you are, of course, prioritizing what ERISA law requires of you. You have a checklist of Must-Dos. But there is also a list of things… Read More
Custom Cash Management
Is your cash working for you (or your bank)? You worked hard to build up your savings but is it really working for you? The national average yield for bank… Read More
Four Plan Design Features to Help You Attract and Retain Talent
According to Morgan Stanley at Work’s September Plan Sponsor Research Results, plan design is a fast-rising differentiator that’s driving employee enrollment and supporting talent strategy in many companies. 401(k) plans… Read More
4 Strategies for Growing and Protecting Business Owner Wealth
For business owners, the last few years have introduced one challenge after another. After working through the COVID-19 pandemic and inching toward recovery and some sense of normalcy, they were… Read More
SECURE 2.0: What You Need to Know
Within the final days of 2022, both the House and Senate approved a massive $1.7 trillion omnibus spending bill. On December 29th, President Biden signed the bill into law. A… Read More
Four Things to Know About Plan Limit Hikes
In October, the Internal Revenue Service significantly raised the contribution limits for 401(k)s and other plans effective in 2023. As plan sponsors begin to think about how to communicate these… Read More
How to 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. With the anxiety of… Read More
Documenting Fiduciary Plan Management Responsibilities
ERISA states that every plan document must identify a “Named Fiduciary” to be the individual or entity serving as the primary fiduciary responsible for all plan management activities (e.g., President,… Read More