Certain trends have already impacted many employer-sponsored 401(k)s, and soon experts predict the majority of plans will be influenced by these things.
You probably have at least a few employees who recently looked at their paychecks expecting to see a specific number and were surprised to see a higher one. And that presents a golden opportunity for finance pros.
If auto enrollment hasn’t yielded a major boost to your firm’s 401(k) plan participation rates, there’s no reason to hit the panic button just yet.
By now your employees have received a full disclosure of all fees they pay on their 401(k) plan, thanks to the new regs that went into effect in July. But some participants may be realizing that the truth hurts.
Remember when the toughest part about having a 401(k) plan was getting employees to enroll?
Now may be a good time to get your Payroll folks to take a closer look at your retirement plan’s hardship distribution procedures to see if they gibe with the feds’ standards.
Finance chiefs are being asked to pay more attention to their companies’ 401(k) plans than ever before. And in some cases, they can even be held personally responsible if the investments aren’t in employees’ best interests.
Are employees starting to get the importance of putting money into their 401(k)s? Absolutely – according to the findings in this study.
To boost employee 401(k) participation, most research suggests focusing on age. But a new study suggests race and ethnicity are just as important.
Employers have a lot of freedom to determine how their 401(k) plan fees are allocated. The flip side of that freedom: A tremendous responsibility to make sure everything fee-related is done “solely in the best interest of participants.” That last part has caused plenty of legal issues for employers recently.
Your workers do want help when it comes to socking away money for retirement. And they have a very specific time frame in mind for when that help should come.
It’s important for your Finance team to know all the regs when it comes to pay deductions and 401(k) plans, especially when employees are repaying loans they’ve received from the company plan. One employer wasn’t diligent with following the rules and guidelines for administering a 401(k). Now, it’s facing a long, expensive legal battle with […]
These days, 401(k) education is an absolute must for employees. For many workers, their 401(k) is their main (and sometimes only) retirement savings vehicle.
Here’s some news you’ll want to pass along to staffers who are concerned about the rollercoaster ride the market’s been on recently.
401(k) plans are meant to help employers attract and retain top talent. But an increasing number of companies are finding themselves in court because of these very plans.
With a year of many firsts just completed, everybody is on the hunt for ways to ensure stability in the new year. Here are five New Year’s resolutions for Finance in 2009.
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