Partnering with a Third Party Administrator (TPA) can be very beneficial to help manage compliance-oriented and day-to-day tasks related to managing a retirement plan. Many TPA’s refer to themselves as ERISA Consultants. 401(k) plan sponsors know that running a plan requires a lot of work, whether it’s seeking answers to…
Posts Tagged: plan design
Make Employees 401(k) Savings Take-Off and Use Inertia to Their Advantage
by Kathy Duffy, on 03.23.2017People often put off making decisions for a variety of reasons. For decisions about saving for retirement, the main reason often comes down to complexity. Many people don’t know where to start in saving or have other influences competing for their time and money. So, the easiest solution is often…
Three Best Practices to Help Boost Retirement Readiness
by Kathy Duffy, on 12.24.2015As a plan sponsor, it’s easy to get wrapped up in the mechanics of running your plan—from monitoring performance and transactions, to keeping your plan compliant with Department of Labor (DOL) and ERISA regulations. While these day-to-day activities demand attention, you can’t lose sight of your primary fiduciary responsibility—managing the…