Strong 401(k)s linked to strong company performance
Employers with “great” retirement plans are significantly more likely to have higher margins and revenue per employee than those with average plans.
Retirement planning
To avoid stalling, retirement readiness initiatives need lift
Employers must hit the throttle by providing employees with personalized retirement readiness scores, deeper metrics.
In a roaring economy, financial wellness is still needed
With low unemployment and companies sitting on large cash reserves, their employees still struggle to pay their bills.
To avoid stalling, retirement readiness initiatives need lift
Employers must hit the throttle by providing employees with personalized retirement readiness scores, deeper metrics.
IRS to retirees: Check your pension and Social Security withholdings ASAP!
Other groups, such as those who used to itemize tax deductions but will now use the high standard deduction, are also advised to check their withholding taxes.
Participation in financial wellness programs needs boosting
Keep the initiatives confidential and offer incentives, said SunTrust’s financial well-being executive.
NQDC plans: Solutions in search of a problem
The Principal’s Kirk Wolf notes that a properly designed nonqualified deferred compensation plan offers enough flexibility to fix the issues that plague most employers
Retirement Plan Adviser of the Year Q&A: Gregg Fine of Gallagher
EBA’s Retirement Plan Adviser of the Year shares why offering a holistic focus on employee and organizational well-being is so important to today’s workforce.
By
Phil Albinus
Benefits Think This is how much money employees need to retire
Clients and workers need to make adjustments to their target goal to reflect personal factors when they plan for their post-work life.
Robert C. Lawton
Lawton Retirement Plan Consultants
Benefits Think Stop making 401(k) contributions. Fill up your HSA first
Employers, here’s why you should tell employees contributing to a triple-tax-free health savings account is more valuable and versatile than boosting a retirement plan.
Robert C. Lawton
Lawton Retirement Plan Consultants
Boosting widows’ benefits could reduce poverty in retirement: Report
Boosting the widow's benefit, while limiting the size of the increase for higher earners, could be a “well-targeted way to help reduce poverty for this vulnerable group.”
Checking under the hood of your retirement plan with an objective mechanic
James Sotell, managing director of Comperio Retirement Consulting, shares his perspective on advising small plans and their fiduciaries.
7 easy ways to encourage employees to save more for retirement
Employers should inform their workers about the benefits of increasing their 401(k) contributions and investing in health savings accounts, among other tips.
Checking under the hood of your retirement plan with an objective mechanic
James Sotell, managing director of Comperio Retirement Consulting, shares his perspective on advising small plans and their fiduciaries.
Retirement Plan Adviser of the Year Q&A: Gregg Fine of Gallagher
EBA’s Retirement Plan Adviser of the Year shares why offering a holistic focus on employee and organizational well-being is so important to today’s workforce.
By
Phil Albinus
Benefits Think 5 critical conversations to have before retiring
Setting off on post-work lives requires planning and an honest discussion with loved ones. Here’s how advisers can help start the conversation.
Carla Dearing
Sum180
Building a better 401(k): How Optanix revamped its retirement plan
After listening to employee concerns over the company’s program, Benny Award winner Jodi Budnick made it her mission to upgrade the plan and help employees save more for their post-work years.
25 best cities for retirement
Employees who want to stretch their dollars the furthest during their post-work years may want to consider relocating to these places.
IRS allows student loan repayment benefits within 401(k) plans
Even though the program was created by a large multinational corporation, companies of all sizes could utilize this approach.
Benefits Think What employers should know about the IRS rule tying student loan benefits to 401(k) plans
The ruling is a step in the right direction. But be warned: There are too many unknowns for companies to begin offering the program.
Andrew S. Zito
Lamco Advisory Group