31.23 / 2023 – Benefit Insights Newsletter – Issue 3
Plan Participants: The More They Know, The Better As a plan sponsor, do you feel your employees have a clear understanding of the company’s retirement plan? Do most utilize it as a tool to save for retirement—and, if not, do they understand the benefit that they are missing? According to the 2022 PLANSPONSOR Participant Survey,…
24.20 / COVID-19
05.20 / Video 10: The Loan They Never Take May Make All the Difference
The Loan They Never Take May Make All the Difference IRS rules provide for participant loans and hardship withdrawals from 401(k) and other plans. They’re not required, but rather left to the discretion of you, the plan sponsor. Today, there’s a good bit of debate about how participant loans affect long-term retirement outcomes. On one…
14.14 / Why You Shouldn’t Hire Your Payroll Company To Run Your 401(k) Plan
In “The Outlaw Josey Wales” Josey, played by Clint Eastwood approaches a man in a bar and asks if he is a bounty hunter (there to kill Josey). The bounty hunter replies that a man has to do something for a living and Josey replies that “dying ain’t much of a living, boy.” I have…
01.14 / Financial Advisors Need To Value The Art Of Retirement Plan Design
Back around 35 years ago, beer in this country was considered a mass produced, mass marketed business offering very low quality, light lagers. Beer was less of an alcoholic beverage and more of a slogan that was less filling or tasted great (while making Rodney Dangerfield a household name). Schlitz, which was at one point…