Can’t Afford to Save?
New data points to the importance of plan sponsors continuously communicating with employees about how even modest savings add up on the path to retirement. Here are tips on boosting confidence in retirement saving….
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High Expectations: Cybersecurity Updates
Under ERISA, Business owners who sponsor 401(k) plans have important fiduciary responsibilities related to the prudent selection and monitoring of service providers. EBSA has now issued guidance to ensure plan sponsors choose service providers who…
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Targeting Smaller Plans: ERISA Class Actions
It’s no secret that ERISA Class Actions have been on the rise, putting fiduciaries in the hot seat, especially related to decisions about plan fees. Though large plans were initially the prime targets, claims are…
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Cyber Breach Response: Who’s Ready?
Given the likelihood that all of our businesses will at some point experience a cyber breach, experts emphasize the importance of naming a designated response team. A cyber breach does not necessarily spell disaster, but…
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Easy To Forget: Reminders for Plan Sponsors
Busy person and plan sponsor: one and the same, right? As a business owner, you’ve likely found that sponsoring a retirement plan for yourself and your employees, though critically important, can really add to your…
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401(k) Tax Credits for Small Businesses
Starting and administering a 401(k) retirement plan can be a daunting challenge for small businesses. Tax credits can help. If you’ve previously begun a plan, you may even be eligible for tax credits now….
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Medicare Basics for Retirement Budgeting
Many 401k savers are unrealistic when budgeting for retirement. Healthcare costs are frequently underestimated, with Medicare coverage largely misunderstood. When educating plan participants about retirement savings, plan sponsors are encouraged to raise awareness about the…
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Responsibilities and Risks: Cyber Theft
When cyber crimes lead to the fraudulent distribution of retirement funds, who is responsible? While official answers play out in court rooms and regulatory departments across the country, legal experts offer practical advice to…
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Pop Quiz: Plan Fees? Investment Options?
Retirement plan fiduciaries are responsible for these answers—no matter how big or small the plan and the company are. In the event of legal and compliance challenges, big companies face big-dollar lawsuits (like Blackrock’s recent…
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