Washington Update: Congress Enacts Families First Coronavirus Response Act, Including Paid Sick Leave, Expanded FMLA Protections and Mandated COVID-19 Health Insurance Coverage

On Wednesday, March 18, 2020, the president signed HR 6201, the Families First Coronavirus Response Act (the FFCRA), which contains several different provisions (also called Acts), which are now law. The new law will have a significant impact on employer benefits and leave policies, particularly for those employers with fewer than 500 employees.In short, the … Continue reading Washington Update: Congress Enacts Families First Coronavirus Response Act, Including Paid Sick Leave, Expanded FMLA Protections and Mandated COVID-19 Health Insurance Coverage

The RetireMinute: March 3, 2020

Welcome to the March edition of The RetireMinute. In this monthly newsletter you'll find the latest news, as well as updates on RPAG technology, marketing resources, custom solutions and upcoming training and events. news & updates 2020 RPAG Spring Summits  Spring Summits have been postponed. Contact support@rpag.com for questions. technology update PlanFees Prism Benchmarking report has been … Continue reading The RetireMinute: March 3, 2020

Staying the Course – Coronavirus and Past Market Epidemics

As of February 28, 2020, global stock markets have entered “correction” territory, defined as a 10% decline from the index high. This is in large part due to the uncertainty surrounding the new coronavirus, first detected in Wuhan City, China, but now detected in 37 locations internationally, including the United States. There certainly will be … Continue reading Staying the Course – Coronavirus and Past Market Epidemics

Too Many Choices: How Many Investment Options Should You Offer?

Many plan providers struggle with deciding how many investment options to offer in their retirement plans. While people generally like to have lots of options when making other decisions, having too many plan options can potentially lead to poor investment decisions by plan participants. In addition, increasing plan options can also increase plan costs, as … Continue reading Too Many Choices: How Many Investment Options Should You Offer?

Participant Memo: Take Advantage of Your Company’s Retirement Plan Matching Program

Over 40 percent of employers now offer at least a small retirement plan match to employees, who can help manage their financial wellness by taking advantage of this offer. Even if your employer only matches a small percentage, you’re losing money by not participating. But before you sign up for your company’s retirement plan, it’s … Continue reading Participant Memo: Take Advantage of Your Company’s Retirement Plan Matching Program

Participant Corner: Four Tips for Increasing Your Retirement Dollars

1. Don’t Cash Out Retirement Plans When Changing Employment When you leave a job, the vested benefits in your retirement plan are an enticing source of money. It may be difficult to resist the urge to take that money as cash, particularly if retirement is many years away. If you do decide to cash out, … Continue reading Participant Corner: Four Tips for Increasing Your Retirement Dollars

Cybersecurity – Berman v. Estee Lauder, Inc: Who is Responsible When Cyber Theft Occurs

Cybersecurity concern has grown in recent years as breaches of databases mount. This year, in a breach of Capital One’s database, hackers accessed over 100 million credit card applications. This followed a $700 million settlement against Equifax concerning the 2017 breach of its database in which hackers accessed 147 million accounts. In the past, when … Continue reading Cybersecurity – Berman v. Estee Lauder, Inc: Who is Responsible When Cyber Theft Occurs