Financial Plan
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New and Ongoing Priorities Among Plan Sponsors
- August 8, 2021
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
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The White Paper we discuss shows that the plan sponsor need for assistance has never been greater. Qualified plan professionals can assist plan sponsors in meeting all these needs.
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Pooled Employer Plans (PEP)
- June 7, 2021
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
The Pooled Employer Plan (PEP) was born on January 1, 2021, as a result of the Secure Act, passed in December of 2019. The intent of Congress was to provide an avenue for business owners to sponsor a retirement plan with the lowest amount of burden and fiduciary responsibility possible. It is too early to tell if the Pooled Employer Plan will be the retirement plan of the future, but I believe there is a good possibility it will be.
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2021 EBRI Survey Key Findings
- May 6, 2021
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
We highlight five key points from the 2021 EBRI Retirement Survey, which includes statistical information that can prove valuable information for enhancing retirement plan features and developing participant education programs. The survey also validated that the private sector retirement system is working.
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American Views on Defined Contribution Plan Saving
- February 26, 2021
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
A survey by the Investment Company Institute (ICI) polled respondents about their views on defined contribution (DC) retirement account saving and their confidence in 401(k) and other DC plan accounts.
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Department of Labor Investment Advice
- December 9, 2020
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
Recently, the DOL sent to the OMB the proposed Fiduciary Advice Rule. An understanding of when a firm and its representatives provide investment advice and thus act as fiduciaries is important.
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Reflections for the End of the Year
- November 13, 2020
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
As the year draws to a close, it’s a great time for qualified plan sponsors to reflect on their goals and objectives for sponsoring a retirement plan. In addition, they should reflect on whether the plan is providing the participants with the best means possible to reach their retirement income goal.
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Unintended Effects on Plan Contributions
- September 28, 2020
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
The second key element in “Defining a Retirement Plan Standard of Excellence” is Inspiring participants to save for retirement. There are several methods through which this can be accomplished: automatic enrollment, auto escalation, financial wellness programs, investment advice, and managed accounts. It’s a great time of year to begin discussions about these concepts with plan sponsors.
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Insight for Designing a Qualified Retirement Plan for a Standard of Excellence
- September 3, 2020
- Posted by: Jeff Atwell
- Category: Economics, Financial Plan, Resources
The second element of our Standard of Excellence is to inspire participants to save for retirement. We’re looking at a white paper that highlights this element, and how the Secure Act makes creates a significant opportunity for qualified plan professionals to provide participants with the resources and knowledge to reach their retirement income goal.
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Roadblocks to Retirement Plan Success
- July 20, 2020
- Posted by: Jeff Atwell
- Category: Economics, Financial Plan, Resources
Retirement plan professionals and retirement plan sponsors should focus on implementing processes and procedures to assist the participants covered by the qualified retirement in saving for a dignified retirement. This includes being aware of these five potential barriers to successful retirement outcomes.
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Plan Design Matters
- June 29, 2020
- Posted by: Jeff Atwell
- Category: Economics, Financial Plan, Resources
As plan sponsors begin to evaluate their plans and the impact that the COVID pandemic has had on their retirement plan, the importance of plan design becomes clear. As the country emerges from the COVID pandemic, the time could not be better to prove the private retirement system provides a much better resource for participants to reach their retirement goals. Discussing with plan sponsors and implementing the 3 topics discussed in the DCIIA article will go a long way towards proving the private retirement system is better than any state or federally run private sector retirement plan.