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The Retirement Savings Deficit in America

…which have been made include: improvements in Social Security; auto-enrollment and other automated features in defined contribution plans; cost-efficient investment alternatives; and state and federal proposals to expand savings. It is therefore important to address the collective retirement savings gap on all fronts. 1The National…

The Valuable Lesson We Can Learn From Retirees

…and how can plan sponsors help today’s employees? Plan sponsor decisions matter Defined contribution plans—and 401(k) plans in particular—have undergone a dramatic shift since their creation nearly 30 years ago—evolving from what was once considered a supplementary retirement benefit to become the primary source of…

The CARES Act and Your Retirement Plan

…otherwise mandatory 20% withholding tax does not apply. And while individuals who are aged 72 usually must take a Required Minimum Distribution (RMD) from their defined contribution (DC) plans and IRAs, the Act waives RMDs for calendar year 2020 for DC plans, including 401(k), 403(b),…

Cross Tested Plans

…of compensation. Each group receives a different level of contributions. While the classes of employees must be defined in the plan document, the actual contribution percentage can be decided at the end of each plan year. The plan generally provides higher contributions to older, higher-paid,…

Target Date Funds

…participants in defined contribution retirement plans. By selecting a fund that is automatically rebalanced to follow a predetermined allocation strategy, participants can rely on that single fund to maintain the desired asset mix. SHOULD PARTICIPANTS USE TARGET DATE FUNDS AS THEIR SOLE INVESTMENT? Target date…

Building A Better 401(K) – Part One

…do not want to teach themselves the ins and outs of the 19 investment options that are typically offered by a defined contribution plan. Instead, clarity of investment choices and ease of use should take precedence over the often-erroneous belief that “the more, the merrier.”…

It’s Always a Good Time to Rethink Retirement Strategies

…Pooled Employer Plans (PEPs) may prove to be extremely attractive and beneficial to sponsors and participants alike. In addition, the wave of Defined Contribution (DC) plan-only retirees that we are seeing offers even another reason to expand retirement savings options. Guaranteed income, through in-plan annuities…