Many companies have frozen their defined benefit plans to new hires. Others have abandoned their pensions in favor of a 401(k) or other defined contribution plan. But not everyone is happy with DC plans because they often leave participants to fend for themselves when most have never had to make investment decisions.
With the Form 5500 deadline fast approaching, 401(k) plan sponsors should be aware of common mistakes that can easily occur when filing the form.
If any of your employer clients have pension funds associated with a union, benefits attorney Shaylor Steele of Benesch law firm in Cleveland says you should be aware of the issue of withdrawal liability. He explains it here and mentions three things your clients with this potential risk can do to mitigate concerns.
Benefit advisers and their employer clients are in a unique position to help the newest members of the workforce overcome investment fears and prepare for retirement.
Retirees should move beyond the long-held 4% Rule and take into account the full range of financial opportunities and risks they could face going into the golden years.
More than half of Americans are worried that they will not have enough money when they retire, while others are living paycheck-to-paycheck. Without a focused workforce, employee productivity takes a nosedive and absenteeism increases, according to a new FinFit survey. And the epidemic is not going away anytime soon, signaling a red flag for employers to embrace financial wellness solutions. Here are five indicators on how bad it has become and where to begin.
Overall, employers have failed to move the dial on overall retirement confidence levels for their female workforce, despite that demographics dominance in handling their households day-to-day expenses.
Learn about how technology can demonstrate the link between volatility and risk in retirement planning a distinguishing factor from other advisers, according to columnist Craig Davidson.
Wellness and retirement educational tools are paramount in an ever-changing landscape of employee benefits, and Mercer has taken a unique approach in its newest endeavor, Mercer Benefits U.
Commentary: This fall will be a time for plan sponsors to take on additional decisions, as many prototypes sponsors are going through the process of getting their documents updated for the upcoming restatement process. While columnist John Ludwig says this is a necessary process for everyone, he shares decisions that plan sponsors should think about as they go through this process.
When it comes to retirement savings, no family structure is apparently better prepared than same-sex couples without kids, who reported having $276,200 tucked away the very model of successful workplace savers.
A recent increase in formations of employee stock ownership plans, known as ESOPs, has put the spotlight on the combined employee benefit and small business management succession tool that has been in existence since 1956.
According to one 401(k) experts poll, employees need to be saving 20% of their earnings for retirement. How they get there is where you come in.
Many employees who change jobs choose to roll their 401(k) accounts into IRAs rather than leaving them in place or rolling them into their new employers 401(k) plan. Rolling a 401(k) account into an IRA is generally a really bad idea, for the following reasons.
In contradictory fashion, paying off debt was cited as the top reason for taking out a loan from retirement plan savings (46%), yet only 26% of respondents said paying off debt was a good reason to take out a loan.