participant
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Planning for Retirement Income Needs
- March 14, 2022
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
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There has never been a greater opportunity for qualified plan professionals to assist retirement plan participants in planning for their retirement income needs. Targeted and effective plans and financial education are valuable tools when considering how plans can be designed to help retirees achieve the goal of securing their retirement.
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Key Considerations for Plan Sponsors
- January 18, 2022
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
Plan Sponsors should consider the role that employers play, how employers can assist those nearing retirement, and what resources participants have available to them. Working with Advisors to creating ongoing education and communication programs is key to ensuring participants’ success in retirement.
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Are State Sponsored Retirement Plans the Answer?
- June 9, 2020
- Posted by: Jeff Atwell
- Category: Economics, Financial Plan, Resources
Over 28 states are in the process of developing a state sponsored plan and 12 states have implemented a state sponsored plan. While there has been a debate on the subject for several years, private sector retirements continue to be the best resource for private sector employers to provide retirement benefits for their employees.
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The SECURE Act is signed into law
- January 5, 2020
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
Congress recently passed and President Trump signed into law the SECURE Act, a great opportunity for retirement plan professionals going into 2020. Learn how changes will affect your plan or how your plan can be enhanced, and increase participant education with new requirements.
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Fiduciary Loan Regulation
- September 26, 2019
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
Plan leakage can be the result of participants terminating with outstanding loan balances. This leads to an important question for plan fiduciaries. If a participant is going to be terminated involuntarily due to a reduction in workforce or poor job performance, and the participant applies for a loan, should the loan be granted? Based on the content of the article we’ve attached, the fiduciaries of the plan could create a fiduciary breach by granting the loan to the participant.
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Simplify Menus to Encourage Participant Engagement
- September 18, 2019
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
Complex fund menus lead to participant confusion, disengagement and poor investment decisions, so the traditional DC investment menu spread across asset classes and styles is evolving toward a smaller set of choices. Some examples are simplifying the plan menu with fewer, broader menu choices, and re-labelling those choices to correspond with the way participants understand their retirement objectives.