Newsletter

March 2023 Newsletter

March 2023 Newsletter

The Retirement Reshuffle Is Impacting Plan Sponsors Across the nation, more and more workers are expecting to postpone retirement. In fact, a survey by the Nationwide Retirement Institute shows that 40% of older employees plan to retire later than anticipated because...

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February 2023 Newsletter

February 2023 Newsletter

Offboarding Employees from Your 401(k) Plan A full two-thirds of employees don’t receive guidance on managing their retirement plan benefit while offboarding. Leaving 401(k) or 403(b) balances behind can result in orphaned accounts that sit unmonitored and unmanaged...

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January 2023 Newsletter

January 2023 Newsletter

IPS Can Still Add Value for Plans Despite Goldman Sachs Dismissal Investment policy statements (IPSs) are commonplace among retirement plans — with around 83% providing one. And that number tends to be even higher among bigger plans. Financial powerhouse Goldman Sachs...

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December 2022 Newsletter

December 2022 Newsletter

How to End the Year on Bright Note December brings with it an expectation of cheer, hope and festivities. What your employees do not expect (and, frankly, don’t want) are grumpy nudges about enrollment. With the anxiety of the pandemic and lockdowns close behind us,...

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November 2022 Newsletter

November 2022 Newsletter

DOL Updates Guidance on Auditor Independence for Retirement Plan Engagements In September, the U.S. Department of Labor (DOL) released an Interpretive Bulletin that updates guidance on audits of benefit plans under the Employee Retirement Income Security Act. The...

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October 2022 Newsletter

October 2022 Newsletter

Cybersecurity Must Be a Priority for Plan Fiduciaries Most 401(k) plans have access to a large pool of funds, making them an attractive target for cybertheft. And while stolen funds are devastating, unauthorized transactions aren’t the only goal of cybercriminals....

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September 2022 Newsletter

September 2022 Newsletter

How to Design a Differentiating Benefits Package Over the past couple of years, the so-called “Great Resignation” has led to an unprecedented number of career changes. At the same time, the boom in remote and gig work means that skilled employees have more choices...

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August 2022 Newsletter

August 2022 Newsletter

Keeping Retirees in Your Retirement Plan According to T. Rowe Price, some sponsors may anticipate that their relationship with participants — as well as their responsibilities toward them — will naturally wind down at retirement, even though only about one in five...

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July 2022 Newsletter

July 2022 Newsletter

Safe Harbor Options 401(k) plans are intended to provide comparable advantages for all employees, and there are numerous safeguards in place to make sure their benefits are allocated equitably. U.S. regulatory measures ensure that a company’s plan does not...

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Other Resources

Financial Frost Checkup

Financial Frost Checkup

As the winter season blankets our surroundings, it's the perfect time to conduct a comprehensive review of your financial situation. Adapting to Life's ChangesReflect on the past year and consider any shifts in your personal, family, or financial life. If changes have...

2024 Retirement Plan Limits

Retirement Plan Limits IRS Limits on Retirement Benefits and Compensation *Effective January 1, 2024  202420232022401(k), 403(b), 457 Elective Deferral Limit$23,000$22,500$20,500Catch-Up Contribution Limit (age 50 and older)$7,500$7,500$6,500Annual Compensation...

October 2023 Newsletter

October 2023 Newsletter

Hardship Distributions Surge: Strategies for a Troubling TrendMore and more workers are taking hardship distributions from their 401(k) accounts, a recent report shows. Bank of America’s June 2023 Participant Pulse study reveals nearly 16,000 participants withdrew...