Online Security Tips for your Retirement Account Register, Set Up, and Routinely Monitor Your Online AccountFailing to register for an online account may enable cybercriminals to assume your online identity.Maintaining online access to your retirement account allows...
Employees fail to enroll in their retirement plan for a variety of reasons. They may be intimidated if it’s their first time around or they might not fully understand and appreciate the benefits (or the downside of not participating). Some could be concerned about...
If you are a small employer that started a 401(k) plan during 2020 or added an auto-enrollment feature you may be eligible for a tax credit. Credit for Small Employer Pension Plan Startup Costs Eligible employers may be able to claim a tax credit of up to $5,000, for...
Investment refresh is becoming a best practice is the 401(k) plan industry. It is also called a ‘re-enrollment’, though the term is misleading as the participant does not actually repeat those steps needed for his or her initial enrollment. Instead, it...
The qualified default investment alternative (“QDIA”) is arguably the most important investment in a plan’s investment menu. The QDIA essentially permits participants to opt-out of the investment process, instead choosing to default into the QDIA, with assurance that...
An ounce of prevention is worth a pound of cure. This saying is universal, and certainly applies to fiduciary responsibility. Beginning the year with an eye towards avoiding some of the most common errors makes sense. Most fiduciary errors are unintentional or even...
