Why CFOs Should Consider Partnering with a Retirement Plan Advisor

Many companies are outsourcing more and more activities, mainly because outsourcing can provide cost savings and increase productivity. Outsourcing allows companies to focus more on their core businesses, rather than spending time on areas outside their expertise. For retirement plan sponsors, outsourcing services makes sense for these reasons as well as others. Reduced Risks As a plan sponsor, you and your company are plan fiduciaries, … Continue reading Why CFOs Should Consider Partnering with a Retirement Plan Advisor

Improve your Retirement Plan by Encouraging Employees to Join

Many organizations face the problem of increasing employee participation in their retirement plans. Participation is crucial to the success of the plan, and it improves employee retention and overall job satisfaction – but how can plan sponsors improve participation rates? Design: Your plan needs to meet the needs of your employees and your company. Employee matching contributions, waiting periods for new employees, loan or hardship … Continue reading Improve your Retirement Plan by Encouraging Employees to Join

The Benefits of Matching Retirement Contributions

As the unemployment rate has dropped, hiring has grown increasingly competitive – especially for businesses with highly-specialized positions. It’s important to understand how retirement matches factor into the hiring process and how they can financially benefit your company. Here are a few reasons why offering a retirement match helps your business. Competitive Hiring If you don’t offer a retirement match, chances are your competitors do, … Continue reading The Benefits of Matching Retirement Contributions

The More You Know: Automatic Enrollment Notices

Many retirement plans today provide automatic enrollment for employees, meaning the plan sponsor initiates enrollment into the retirement plan on behalf of the employee. One common question plan sponsors come across is whether their enrollment kit satisfies the annual automatic enrollment notice requirement. At first glance, it may seem that enrollment kits contain all the necessary information to satisfy your obligation to provide an annual … Continue reading The More You Know: Automatic Enrollment Notices

The Top Three Reasons to Outsource Fiduciary Services

Many companies are outsourcing more and more activities, mainly because outsourcing can provide cost savings and increase productivity. Outsourcing allows companies to focus more on their core businesses, rather than spending time on areas outside their expertise. For retirement plan sponsors, outsourcing services makes sense for these reasons as well as others. Reduced Risks. As a plan sponsor, you and your company are plan fiduciaries, … Continue reading The Top Three Reasons to Outsource Fiduciary Services

3(38) or 3(21): Which Fiduciary Service is Right for You?

Looking to reduce your fiduciary risk as a plan sponsor? A little outside help can yield big reductions in risk, provide the best for the people on your company’s payroll, and help you feel good about your qualified retirement plan. Remember though, what’s good for the plan participants isn’t always best for the company – and as the plan sponsor, the company takes on substantial … Continue reading 3(38) or 3(21): Which Fiduciary Service is Right for You?

The Impact of Auto-Enrollment into Retirement Plans

Americans are saving more for retirement, according to a survey released by the Plan Sponsor Council of America.1 In fact, employees put 6.8 percent of their paychecks into 401(k) and profit-sharing plans in 2018 compared to 6.2 percent of their salaries in 2010. Why the increase? One reason may be that 57.5 percent of retirement plan sponsors have included an automatic enrollment feature in their … Continue reading The Impact of Auto-Enrollment into Retirement Plans

Four Ways to Increase Employee Retirement Contribution Participation

As a retirement plan sponsor how can you encourage your employees to save and save more? Improving both employee participation and their saving rates is easy when you’re prepared. Here are four simple ways you can help your employees start building a confident retirement. Boost employee participation with automatic enrollment. Choosing to automatically enroll all new employees in your retirement plan can dramatically improve your … Continue reading Four Ways to Increase Employee Retirement Contribution Participation

Index Funds – Looking Beyond Fees

The flow to passive management is one of the biggest talking points of the decade. With this shift came the daunting task, and responsibility, to better evaluate the abundance of index funds offered by the marketplace. Index funds seek to replicate the performance of a benchmark, making the idea of comparing returns appear counter-intuitive. This notion has led many to focus almost entirely on fees. … Continue reading Index Funds – Looking Beyond Fees

Student Loan Contribution Programs: The New Way to Recruit and Retain Millennials in Today’s Workplace

As human resource managers begin working on updating their benefits package, it’s important to remember that millennials are quitting their jobs faster than employers can hire them1 – which is especially problematic considering millennials now make up 50 percent of the workforce 2. The reasons for resignations vary widely, but one retention solution may be to consider offering a student loan contribution program. In 1999, … Continue reading Student Loan Contribution Programs: The New Way to Recruit and Retain Millennials in Today’s Workplace