That gust of wind you felt on the afternoon of November 2nd was the collective exhalation of relief by employees, employers and retirement planning professionals everywhere. The reason? Despite a high level of concern in many quarters over speculation that the Republicans’ “Tax Cuts and…
…funds by the year 2034, about eight years before the first millennials are set to retire. A millennial is really relying on two things. Number one, does his or her employer have a 401(k) plan? Number two, is there a matching contribution? I firmly believe…
…to help. Talk to us about how we can create effective programs to talk with employers and communicate more effectively about what these mean and how to take advantage of them. It’s a way to clearly separate yourself from your competition while establishing a key…
…of Employer Retirement Plans Millennials, who became the largest generation in the American workforce in 2015, have begun to flex their workplace muscle. They have already changed the rules about how we communicate, how we work as well as how they view employee benefits—in particular,…
As an employer, implementing Auto-Enrollment features can help to shift employees in the direction of retirement savings while still allowing the freedom to make their own choices. Join us as we discuss what you need to know to implement or improve upon auto-enrollment features, including:…
Qualified retirement plans are funded by contributions from employers and/or employees. These contributions are subject to a number of annual limitations. Compliance with these limitations is important since the qualification of the plan is at stake. The following limits have increased for 2018: The Annual…
Economy Hiring rose among U.S. employers in September as the jobless rate fell to a six-year low (5.9%) at the end of the third quarter – increasing the odds that the Federal Reserve will hike interest rates in mid-2015. Economists estimate the U.S. economy grew…
…changes include the following legislation and regulatory guidance: Final Regulations under Code Section 415 Pension Protection Act of 2006 (PPA) Heroes Earnings Assistance and Relief Act of 2008 (HEART) Worker, Retiree, and Employer Recover Act of 2008 (WRERA) All qualified plans have been required to…
…thus is usually only offered to participants upon retirement or termination of employment. If a sponsor elects to provide a guaranteed LIS option within an employer-sponsored retirement plan, 401(k) participants can essentially benefit from a traditional pension-like benefit built into their defined contribution plan. Over…
…may have savings in a former employer’s 401(k) or pension plan. These assets are likely not reflected in his Retirement Readiness Analysis. Any IRAs or expected Social Security income should also be considered (both in Robert’s case and Jane’s); while by themselves they may not…
…industrial productivity gains that have replaced trained workers; supply/demand imbalances in certain occupations such as engineering and software. Economy The recovery from the 2008-09 recession should have generated increased pay levels. Wages didn’t come down significantly during the 2008-09 recession; therefore, employers have been reluctant…