According to J.P. Morgan’s 2021 Defined Contribution Plan Participant Survey findings, more than half of the 1,281 respondents indicate that they: Are presented with more plan information than they can absorb.Don’t read investment information provided to them.Are...
In 2020, nearly 100 lawsuits alleging breach of fiduciary duty were filed. And with the number of 401(k) lawsuits on the rise targeting plans both large and small, sponsors are well-advised to consider taking additional measures to mitigate fiduciary risk where...
While one could say it’s always a good idea to focus on well-being of any type — whether that’s physical, mental, or financial wellness — there’s perhaps never been a more important time to help employees improve their financial literacy, behaviors, and resilience...
At Kampstra Wealth Management one of our specialties is working with business owners, CFO’s, HR staff and other company stakeholders to craft retirement plan benefits that create successful outcomes for all. To reach retirement on your own terms, we have to have...
America is currently facing a retirement crisis. It is commonly agreed that a best practice to decrease the coverage gap is by encouraging Americans to save for retirement via an employer sponsored 401(k). However, there are two major hurdles for employers in...
If you currently offer a 401(k) or are considering one, it might seem like the perfect fit to hire your payroll provider to service your plan. The 401(k) is a powerful tool for you and your employees to save for retirement on a tax-advantaged basis, but you are...
