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Cybersecurity Must Be a Priority for Plan Fiduciaries
Most 401(k) plans have access to a large pool of funds, making them an attractive target for cybertheft. They contain a plethora of sensitive personal information which can entice hackers interested in perpetrating identity theft and other forms of fraud. Because of these risks, it’s important for fiduciaries to understand cybersecurity and to follow established safety protocols aimed at keeping their plans secure.
Retirement Readiness: How will you prepare?
According to a recent study by the General Accountability Office, 29% of Americans 55 and older do not have any retirement savings or pension plan, and those who have saved are woefully behind. The bleak outlook can largely be attributed to a lack of education when it comes to retirement planning. Here are three key areas to center your retirement planning around.
Who is the “Zillennial” workforce and what do they want?
“Zillennials,” or people who were born between 1993 and 1998, expect more holistic benefits packages from their employers. Because Zillennials are evaluating their work experience in a new and expanding way, it’s important for employers to understand this dynamic when considering hiring practices and potential redesign of their employee benefits package.
Financial Stress in the Workplace
While debt and financial strain are often treated as personal problems, anxiety about not being able to pay bills or save money can have a ripple effect in the workplace. Consequently, workers struggling financially — and even their team members — may be affected. Here are some ways employee financial stress can negatively impact organizations.
How to Design a Differentiating Benefits Package
Offering the right blend of benefits for your target talent pool can give your company a competitive edge. While there’s no ideal benefits package, there are tactics you can use to find one which best fits your organization.
Back to School: Have You Done Your Homework on Retirement?
Participant pop quiz. Do you know the basics about preparing for retirement?
Revenue Sharing Decisions
With the significant rise in revenue sharing litigation, it behooves plan fiduciaries to confirm and document the prudence and appropriateness of any revenue sharing arrangement.
Helping Employees Pay Down Student Debt
The ever-growing burden of student loan debt looms menacingly over many Americans, crippling their ability to save for retirement and other financial goals. Consequently, some employers are taking a more proactive approach to investing in their employees by enacting programs which allow workers to direct retirement plan contributions toward paying down their debt.