Tax cut spurs employers to boost 401(k) contributions
About half of mid-sized and large companies plan to expand personal financial planning and increase retirement funds, according to a new Willis Towers Watson report.
Retirement readiness
Benefits Think 5 ways to keep a retirement plan running smoothly throughout the year
Build an education program, perform an objective review of investments and benchmark features are a few of the activities advisers should encourage now.
Jess DeGabriele
LHD Retirement
Benefits Think 7 ways plan sponsors can monitor 401(k) fees
Using lowest-cost share classes, performing an annual investment fund review and distributing required fee notices are among best practices.
Robert C. Lawton
Lawton Retirement Plan Consultants
Let’s talk about ditching 401(k)s and starting over
There have been some modest attempts in the past few years to shore up and fill in gaps in this country's haphazard system of retirement savings.
Benefits Think How to help employees avoid the ‘average participant’ retirement trap
Engaged savers, specifically those who are near the end of work, deserve an appropriate spectrum of risk options.
Shelby George
Manning & Napier
Benefits Think 3 reasons plan sponsors are considering CITs — or should be
Collective Investment Trusts can have cost-saving advantages, are increasingly accessible and provide a long-term investment perspective.
Shelby George
Manning & Napier
Will 2018 be the year of in-plan retirement income options?
Tax reform and current market conditions will likely contribute to a higher use of deferred annuities and guaranteed income benefits, experts predict.
Peoples Bank bumps up 401(k) match
The Washington bank chain increased its retirement contribution to 8% following the tax reform bill.
Should employees invest part of a bonus in their 401(k)?
Workers have an option to stash their bonus in their 401(k), but doing it may not be a good idea.
5 key differences between Roth and traditional IRAs
Not knowing the differences between a traditional IRA and a Roth IRA could be costly for retirement savers.
NYPD benefits from financial education
Financial Finesse and the Global Retirement Partners Advisor Alliance are two years into a program that now reaches more than 500 employers, including New York’s finest.
Why working past 65 can be doubly rewarding
Adding five years to working years will enable workers to replace their pre-retirement income by up to 90% instead of 60% in some cases,
Benefits Think Top 401(k) trends for 2018
More employers will stretch matching contributions, include HSA information in education sessions and incorporate behavioral economics/finance elements in plan design.
Robert C. Lawton
Lawton Retirement Plan Consultants
How to best understand target date fund options
Charles Schwab senior multi-asset class strategist Jake Gilliam sounds off on TDF choices and how plan sponsors can pick the right funds for employees.
Will 2018 be the year of in-plan retirement income options?
Tax reform and current market conditions will likely contribute to a higher use of deferred annuities and guaranteed income benefits, experts predict.
Benefits Think 5 financial benefit trends to watch in 2018
Education offerings, student debt repayment programs and helping employees with short-term money issues will be big employer priorities this year.
Elizabeth Halkos
Purchasing Power LLC
Benefits Think How retirement advisers can avoid the ‘average participant’ trap
Engaged savers, specifically those who are near the end of work, deserve an appropriate spectrum of risk options.
Shelby George
Manning & Napier
Benefits Think How employers can help workers better prepare for retirement
Plans sponsors can remove many of the barriers that prevent employees from taking full advantage of 401(k)s.
Robert C. Lawton
Lawton Retirement Plan Consultants
NYPD benefits from financial education
Financial Finesse and the Global Retirement Partners Advisor Alliance are two years into a program that now reaches more than 500 employers, including New York’s finest.
Benefits Think 5 compliance resolutions for plan sponsors in 2018
Employers should review documents before sending them out to employees, understand plan provisions and consult advisers when needed, among other guidelines.
Carol Buckmann
Cohen & Buckmann PC