5 min read
Embracing 401(k) auto-enrollment with the budget in mind
Data shows that automated features such as automatic (auto) enrollment, auto-increase, and re-enrollment can significantly improve participation rates and help employees save for retirement.
6 min read
How to make saving in a 401(k) plan hard (to avoid)
Retirement plans today tend to be designed with features so the average person can begin saving with little effort. Yet, it’s seemingly not working for many employees. Instead of easier, do we need to make it harder to avoid?
5 min read
Small and midsize businesses (SMBs) and employees agree on the most desired benefits. They are also aligned on the importance of financial wellness programs and the impact of inflation.
3 min read
Use retirement and benefits to support the growing number of women in the workplace
Business solutions, including retirement and benefits, can help business owners retain and recruit an essential segment of the workforce: women.
4 min read
Maximizing employers’ 401(k) contributions
Have you ever considered whether the employer contributions made to your employees’ retirement plans are being used to help make the maximum impact to both the company and participants?
4 min read
Myths vs. Facts: The state of Social Security
Let’s dispel some of the common myths about Social Security and its funding status. Here we explore the program’s structure, demographic challenges, and possible outcomes if no legislative action is taken soon.
4 min read
Engage employees of all generations by strategically shaping your workplace benefits
Explore how an inclusive benefits plan with opportunities for personalization can help accommodate all generations in the workforce.
Tailor retirement benefits to help retain specialized talent
Retaining top-tier talent in specialized roles typically requires more than standard benefits. Offering thoughtfully designed, customized retirement plan options is a way to address the unique needs of these professionals, helping ensure they feel valued and motivated to stay.
A simple test for your 401(k) plan design: Flip the numbers
When interpreting retirement plan data and statistics, a simple guideline is to flip the numbers to see the full story. This simple test can help employers and financial professionals better understand if plan design changes might be needed.
3 min read
SECURE 2.0: The new Roth election for 401(k) employer contributions
In the SECURE 2.0 Act of 2022 there’s now an option plan sponsors can add allowing participants to elect to receive employer matching and nonelective contributions as Roth contributions. While initially expected to follow the same process as employee Roth contributions, recent IRS guidance reveals a different tax treatment for employer contributions, prompting important considerations for implementation and potential tax impacts for employees.