A full two-thirds of employees don’t receive guidance on managing their retirement plan benefit while offboarding. Leaving 401(k) or 403(b) balances behind can result in orphaned accounts that sit unmonitored and unmanaged by participants for years — as opposed to...
In October 2022, the Internal Revenue Service significantly raised the contribution limits for 401(k)s and other plans effective in 2023. As plan sponsors begin to think about how to communicate these contribution increases to employees, it’s a perfect opportunity to...
“The interest is up and the stock market’s down,” say the lyrics of Hank Williams Jr.’s 1981 country hit A Country Boy Can Survive. Sounds like a familiar tune! It sort of feels like we are reliving a replay of the early eighties. So many parallels. Rising rates, high...
From decoding key ERISA regulations to keeping abreast of fees and providing educational support to workers, there are many responsibilities that sponsors possess. Some business owners even forgo offering a 401(k) to their employees because they fear they don’t have...
Just how important is a 401(k) match to your employees? It appears to be top of mind, according to Principal’s 2021 Retirement Security Survey. The study’s results show that the match matters most, as the top retirement plan considerations of survey participants when...
