Dec 6, 2024 | Plan Administration, Retirement Plan News, Retirement Plans
The Federal Reserve’s recent 50 basis point interest rate cut, with more reductions expected by year’s end, may leave employees wondering what it means for their retirement savings — and their overall financial picture. Younger workers might question how this...
Nov 15, 2024 | Plan Administration, Retirement Plans
By the second quarter of this year, the number of “401(k) millionaires” rose 2.5% from Q1, marking a record high according to Fidelity. At the same time, retirement savers overall experienced three consecutive quarters of growth — and that’s good news for many...
Oct 10, 2024 | Plan Administration, Retirement Plans
You don’t need to be a magician to know what records to keep and for how long. While most providers can supply reports and plan documents, the plan administrator remains ultimately responsible for retaining adequate records that support the plan document reports and...
Sep 26, 2024 | Plan Administration, Retirement Plan News, Retirement Plans
According to the results of a 2024 American Psychiatric Association mental health poll, 43% of adults reported higher subjective feelings of anxiety than they did the previous year. Respondents indicated feeling anxiety related to a number of issues, but high on the...
Sep 12, 2024 | Plan Administration, Retirement Plans
The Internal Revenue Service’s (IRS’s) Employee Benefit Audit Program is used to audit and enforce. The IRS’s emphasis, with respect to defined contribution plans is on compliance with the requirements of the Internal Revenue Code (the Code), the plan’s tax...
Aug 23, 2024 | Plan Administration, Retirement Plans
Cybersecurity and How to Deal with Data Breaches as a Plan Sponsor Retirement funds are a target for cybersecurity attacks and identity fraud more than ever before. For most people, their retirement account is one of their biggest assets and they rarely check it. This...
