Although the costs of retirement benefits have generally decreased due to fee compression, smaller plans are still at a disadvantage. Smaller plans pay more per participant due to fixed costs, while larger plans benefit from economies of scale even with greater total costs. To maximize your retirement plan costs, read our latest blog for insights. 

According to the Federal Reserve, the median student loan debt in 2023 ranged from $20,000 and $25,000. To help ease this financial burden, employers are increasingly offering a match toward student loan repayments as an employee benefit to help alleviate the financial strain. Should you wish to offer the same to your employees, the IRS provided guidance on match contributions — read our latest blog for full details. 

Housing, utility costs, and dining are all line items with fairly predictable costs when creating your monthly budget. However, when it comes to healthcare, the situation can change dramatically. Explore these seven strategies to help you better predict — and plan for — medical costs in retirement. 

Starting this year, there’s a new rule that lets you, as a plan sponsor, match your employees’ student loan payments with contributions to their retirement plan. This means if your employees are paying off student loans, you can help them save for retirement at the same time.

As a plan sponsor, it's crucial to understand the different types of bonds that protect your retirement plan and its participants. Two common types of bonds are ERISA Bonds and Fiduciary Bonds. While they may seem similar, they serve different purposes and offer distinct protections.

Effective January 1, 2025, a new provision allows participants aged 60-63 to make additional catch-up contributions. This is an optional provision that plans must adopt as part of SECURE 2.0 to permit these extra catch-up limits.

Many defined contribution plans include something called employer matching, meaning your employer contributes a certain amount to your retirement savings plan based on your personal contribution. In 2024, individuals can contribute up to $23,000 into their 401(k) according to SEC guidelines, although, when combined with employer matching, the cap comes to $69,000 per year.