Provider Call Centers Aim to Educate About Hardships and Alternatives
Some providers train call center staff to educate participants about the implications of taking a hardship and other options.
Tag: 401(k)
Plaintiffs in Target Stock Drop Suit Failed to Meet Pleading Standards
A court shot down several actions plaintiffs suggested Target could have taken when it knew or should have known its stock price was artificially inflated.
New 401(k) Solution for Small Employers Includes Fiduciary Support
DiMeo Schneider & Associates, L.L.C. has rolled out SMART PLAN, for which it will accept fiduciary responsibility as a 3(38) discretionary manager for plans with assets between $10...
DC Plans Riding High on the Equity Markets
Fidelity’s second-quarter 2017 401(k) plan analysis shows record balances tied to strong performance in the stock market.
401(k) Participant Transfers Favor Equities in May and June
However, according to the Alight Solutions 401(k) Index, formerly the Aon Hewitt 401(k) Index, trading activity for the months was the lowest for the year.
Bank of America Merrill Lynch Finds Participants More Engaged in Plans
Robust plan design, education and the use of digital tools can increase employee engagement with their retirement plans, the firm's Plan Wellness Scorecard shows.
Tax Adjustments May Drive Small Businesses into 401(K) Space
Even though many small businesses lack retirement plans, a study by LPL Financial suggests minor tax adjustments could nudge them in the right direction.
Aon Pulls Company Stock From 401(k) Plan
On December 1, 2017, the Aon Stock Fund will be liquidated and removed from the plan.
Plan Sponsor Admits to Stealing from 401(k)
Statements from the retirement plan provider notified participants of their missing contributions.
Some Members of Gen X, Y Are Maxing Out Their 401(k)
To do so, they are making financial sacrifices.
IRS Makes Effort to Encourage Use of Pre-Approved Plans
The agency has made changes to its opinion letter program for pre-approved retirement plans.
eMoney Enhancing Platform with Annuity Wizard
The eMoney Advisor platform will be updated with tools designed to help users suggest the right retirement products for clients based on their individual needs and preferences.
Small 401(k)s Adopting Best Practice Plan Designs
In addition, Vanguard found an increasing influence of financial advisers catering to the small business 401(k) market.
Roth Contributions on the Rise
The amount of employers offering Roth contributions in their 401(k) plans rose by 50%, according to a study by T. Rowe Price.
Targeted Communication Driving Deferral Rates
Ascensus found that employees who decided to enroll in their employers’ retirement programs after receiving targeted communication deferred on average 6.24% of pay.
beyond (k)
Expanding Savings Options
Plan sponsors look to advisers for help crafting NQDC plans for HCE employees
Maintaining a Healthy Plan Involves Some Overlooked Factors
Plan sponsors need to take a closer look at the various components that determine the health of a plan in order to remain compliant with regulators and to...
Technology Redesigning Targeted Communication
DC plan providers are turning to cloud-based technology and other solutions to redesign communication geared toward different generational groups.