Small Business 401k Archive

Business Owners Demand Better 401(k) Advice: Survey
by Joe DalyMore 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

Defusing the Unseen Risk Many 401(k) Participants Take With Their Retirements
by Nicole Cervi-McKeeverThe 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 Sally BrandonIs 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

Is Your 401(k) Truly Competitive? Benchmark To Find Out
by Scott PuritzAssets in the top 401(k) plans exceeded $1 trillion in the past year and participation rates stayed steady at 81 percent, according to a new report from retirement industry tracker Judy Diamond. Finance, tax and insurance providers led the list… Continue reading

For Business Owners, The Real 401(k) Risk Is Doing Nothing
by Sue KersbergenAs 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 Sue KersbergenQuick, 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 Nicole Cervi-McKeeverContributions 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

Small Business Owners, Don’t Leave Any 401(k) Money On the Table!
by Scott PuritzAlthough the SECURE Act became law more than a year ago, many small business owners still aren’t aware of the multitude of ways that it rewards small businesses that make easy for their employees to save for retirement. First and… Continue reading

The Case for Hiring a 3(38) 401(k) Retirement Plan Advisor
by Sally BrandonIf you don’t feel that you have the in-depth financial knowledge necessary to manage your company’s 401(k) portfolio, you aren’t alone. According to a Charles Schwab survey, 52% of 401(k) plan managers indicated they don’t have the time, interest or… Continue reading