Can You Afford to Not Offer a Competitive, Modern 401(k) Plan?
by Amanda ThurmanAmerican savings for retirement marches on — at least for those who have 401(k) plans at work. Fidelity Investments reports retirement plan balances on average hit a new all-time high. The 401(k) balance is 24% higher than a year ago,… Continue reading
5 Reasons to Consider a Modern 401(k) Provider
by Amanda ThurmanAll 401(k) services are not created equal. You may have had a plan in place for years and never questioned the fees and exactly what roles and responsibilities you might have toward employees. It’s time to dig in and ask… Continue reading
Business Owners Demand Better 401(k) Advice: Survey
by Amanda ThurmanMore than one-third of small business owners look to change their 401(k) plan advisor, a new survey has found — more than twice the number in 2020. Business owners seek better employee communication, lower fees, solid investment insights and higher… Continue reading
Are Your 401(k) Plan Costs Average? Or Way Out of Line?
by Amanda ThurmanIf you’re like many small business owners you probably started a 401(k) plan years ago and, since it’s been running fine, left it well enough alone. You have a business to run, right? Shopping for a new 401(k) provider probably… Continue reading
Defusing the Unseen Risk Many 401(k) Participants Take With Their Retirements
by Amanda ThurmanThe rising popularity of target-date funds in 401(k) plans could be seen as a sign of progress. People seem to know that they need help picking the right combination of investments. Increasing numbers of them opt for target-date funds, which… Continue reading
Change the 401(k) Tax Break? Why Keeping Tabs on Washington Matters
by Amanda ThurmanIs your 401(k) plan ready for big changes? They could be coming. The Biden administration reportedly seeks a raft of adjustments to the longstanding private American retirement system. Some of these changes could be dramatic, such as getting rid of… Continue reading
For Business Owners, The Real 401(k) Risk Is Doing Nothing
by Amanda ThurmanAs an employer, can you one day be sued by your long-ago employees for how you managed their retirement money? You bet you can! All it takes is allegedly failing to offer investments with competitive fees, as Wake Forest University… Continue reading
Study: Millions of Business Owners Take Needless Risk with Retirement Plans
by Amanda ThurmanQuick, who’s the fiduciary of your company’s 401(k) plan? If you don’t know chances are high that it’s you, the business owner. If your next thought was “What exact exactly is a fiduciary?” your problems might run deeper still. A… Continue reading
Do Your Employees Feel Bullish About Retirement?
by Amanda ThurmanContributions to 401(k) have remained stable over the past 15 months, but not everyone has been able to save for retirement in the manner they would prefer. According to BlackRock’s 2021 “DC Pulse Survey,” 57% of respondents stated that the… Continue reading
