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How Well Have Employer-Provided Benefits Kept Up With Pay?

It has been well documented that growth in average employee pay in the United States has struggled to keep up with inflation. Data from the Bureau of Labor Statistics (BLS) indicates that from 2013-2018, average weekly earnings after inflation (real earnings) increased at only a…

Raising The Minimum Wage-Behind The Debate

…of workers equals employers’ demand for workers. If the market’s hourly wage (where supply equals demand) is $7.40 and the minimum wage is raised to $8.00, there will be a surplus of workers and employers may have to cut back on hours and/or employees. Second,…

New Self-Certification Rules for Hardship Distributions Should Be Embraced

…On the optional side, employers now have the option to eliminate the requirement that participants take a plan loan before qualifying for a hardship distribution. However, to qualify for a hardship distribution, participants must still take all available distributions from all of their employer’s tax-qualified…

Working With Time When It Comes to Your Retirement

…that most employers do not regularly redesign their plans.) Even if your employer does not have the most progressive plan design, there are still ways that you can make the plan work better for you. The shift towards individual participants taking more ownership of one’s…

Momentum Builds for Auto-IRAs

Momentum for government-facilitated automatic Individual Retirement Account (auto-IRA) savings programs appears to be growing – and, in our opinion, that is a very good thing. The programs are aimed at private sector workers without access to an employer-sponsored retirement plan to instead have access to…

Making An ESOP Part of Your Company’s Retirement Plan

…include: a 401(k) Plan with Employer Stock as an Investment Option which combines the equity ownership of employer securities with the retirement savings benefits of a 401(k) plan; an Employee Stock Ownership Plan (ESOP) which provides retirement benefits in the form of company stock; or…

Can US Value Stocks Make a Comeback?

…Russell 1000 Value index, have been hurt by economic slowdowns and manufacturing shutdowns during the pandemic. Growth stocks have been trading at record multiples, including the key measures of price-to-earnings and price-to-cash flow. Those who believe that these multiples have created a “bubble” that is…

The End is Near!..or is it? -Part Two

…2004 through 2007 at or even above this level, with solid positive returns. In fact, the S&P 500 first crossed the 2.7x multiple in the modern era in the summer of 1995, and spent most of following 15 years above that multiple, through both bull…

Feeling More SECURE About Retirement

…a number of ways. Small local businesses can join together in order to offer retirement plans for their workers, in what is known in the industry as a MEP (Multiple Employer Plan) – something that can save time and money for the company while benefiting…

Revisiting the Minimum Wage Debate

…wage (where supply equals demand), there will be a surplus of workers and employers may have to cut back on hours and/or employees; and (b) if employers cannot pass on the higher costs to consumers, they may be forced to reduce employment. Minimum wage advocates…

Hardship Cases Can Be Hard Work

…of the employer, and the participant’s contributions to all employer-deferred compensation plans must be suspended for six months. When a plan does not use the safe harbor definitions, the plan administrator must determine the existence of the financial need and the amount needed to satisfy…