Employee confidence in their ability to retire comfortably may depend in large part on their age—or more specifically, their generation. Helping employees worry less about money can make them happier at work. We talk a lot about retirement readiness and educating participants because it’s an important topic. A 2016 survey…
Non-compliance with ERISA can be costly for a small business. Case in point is a recent decision against a plan sponsor (Askew v. RL Reppert) who did not fulfill a participant’s request for information in a timely or complete manner. While the plan sponsor did not act in bad faith…
2016 was the year of the wake-up call—on the global political stage, many people spoke up and voted down the status quo, confounding investor expectations and jolting financial markets along the way. This is one of eight significant U.S. and World events that shaped market performance in 2016. Can you…
Retirement plan sponsors and fiduciaries should always look at any decision they make through the lens of ERISA law. That includes if and how to offer self-directed brokerage accounts (SDBAs) or “windows” as options for plan participants. Opening a brokerage window does not close the door on breach of fiduciary…
As 2016 draws to a close, there are several key 401(k) dates to keep in mind. Not sure if you have a system in place to meet these deadlines? December 1, 2016: 2017 Notices (if applicable) Safe Harbor 401(k) Plan Qualified Default Investment Alternative (QDIA) Automatic Enrollment December 15, 2016:…