…is the federal government’s latest economic stimulus package and the first under President Biden. Key Items Defined Benefit Single Employer Plan Funding Relief Defined Benefit Multiemployer Plan Funding Relief Impacts to Defined Contribution Plans Update on The Securing a Strong Retirement Act of 2020 (SSRA)…
…has become a public policy concern in recent years. More people need to be saving additional amounts for retirement. Employer– sponsored retirement plans are effective in getting individuals to save for retirement. Thus, from a policy perspective, the goal is to help and encourage smaller…
…of decumulation work together. We’ll discuss how employers and advisors can offer effective plan designs that allow employees to maximize their options, and throughout, we’ll weave in tips and food for thought for your employees to consider to help set them up for retirement success!…
Not sure where to start? Learn more about the advantages of your employer sponsored retirement plan….
…the issue becomes more clear: You might be able to get by with just Social Security … but truly enjoying your golden years seems highly unlikely. So what can be done? Obviously taking advantage of your employer’s 401(k) plan and similar retirement programs is of…
…easily quantified than things like expertise and quality and the care of consulting that we deliver together. When cost is the primary driver, benchmarking is a pretty straightforward quantitative analysis. When you’re prospecting it’s an offensive strategy as you invite employers to look at potential…
…shaped your savings decisions will also shape how you spend your savings. For many retirees, this can be overwhelming and often confusing. You may have savings from many different sources—employer-sponsored retirement plans, such as 401(k) or pension plans, plus Individual Retirement Accounts (IRAs) and Social…
…is of course a primary concern at Pentegra, and something that we are constantly discussing. But over half – 51 percent — of Americans still are not actively contributing to an employer-sponsored 401(k) account, according to a February 2018 study from Edward Jones. Further, only…
…an updated version of the Retirement Enhancement and Savings Act (RESA), which would improve access to retirement savings. Among other things, as I previously wrote, RESA would re-introduce the pooled employer plan (PEP) to the retirement savings conversation. Groups such as the Insured Retirement Institute,…
…investment in attributes such as education, job skills and personal health and wellness, will have value over one’s lifetime to employers and to society as a whole. The amount of this value is known as the return on human capital. How is this return measured?…
…any former employee who still has assets in the plan. In order to be considered an eligible participant, an individual does not have to contribute or receive employer contributions or otherwise have any activity in the plan in order to be included in the beginning…
…the bill would have eliminated the requirement that individuals take all available plan loans prior to hardship distribution, as well as the rule that prohibits participants from making contributions for six months following a hardship distribution. It also would have allowed earnings, qualified non-elective employer…