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Resources
Do you Send Participant Notices via Email? Should you?
What Disclosures May be Distributed Electronically under the DOL Safe Harbor? A comprehensive guidance - and safe for plan fiduciaries - is the safe harbor for electronic delivery provided in the DOL regulations.
Financial Wellness Gone Wrong
According to Forbes, a financial wellness program is the new “must-have” employee benefit. And it’s not hard to argue it’s a must-have for plan sponsors too.
3 Tactics to Combat the Great Resignation
High turnover and loss of talent can seriously undermine an organization’s productivity and profitability. Thankfully, there are strategies you can use to help stem the tide.
What is Roth and What Does it Mean for Me?
When you hear Roth 401(k), Roth IRA, or just Roth, this is generally referring to a specific type of tax benefit your savings may receive. Let’s take a look at some things to consider when choosing between making traditional or Roth contributions.
Self-Directed Brokerage Accounts? To Add to Your Plan or Not: That is the Question
Participants may be attracted to self-directed brokerage accounts (SDBAs) because of the seemingly infinite choice of investment options. While it’s tempting to please these often-vocal employees, much consideration should be given when contemplating an SDBA option for your qualified retirement plan. There are several fiduciary issues your committee should discuss, decide, and document.
Regret Aversion: Fighting the FOMO of the Financial World
While regret aversion can motivate us to take positive action, such as starting up a fitness routine to avoid regretting the health consequences of not taking care of ourselves years from now, it’s not a sensible approach to making most investment and retirement planning decisions.
DOL Cybersecurity Tips
In this age of relying heavily on technology, it is vital to take the necessary cybersecurity precautions. You want to make sure all sensitive information is highly protected. This article showcases some tips and tricks for plan sponsors.
Beneficiary of Unintended Consequences
Not changing the designation when appropriate may, at the least, subject your intended beneficiaries to the inconvenience and distress of the probate process and likely delay distribution of assets. Identifying and updating participants’ beneficiaries for 401(k) plan assets can ensure a smooth transition of 401(k) assets to the people who need them in their absence.
Three Ways to Strengthen Your Retirement Plan Committee
Retirement plan committees aren’t required by ERISA; however, they can be extremely beneficial nonetheless — especially for larger plans. They can even help in the event a sponsor is sued, as long as the committees are constructed and operated appropriately. Depending on the size of the plan, some organizations split up committee responsibilities into investment oversight, administration, and settlor functions.