Our 401(k) Investments are on the Watchlist. Now What?
Approach, review, document, and decide As a member of your company’s retirement plan committee, if you have recently been informed that one or more of your company’s retirement plan investments are on the Watch List, don’t panic. This is an opportunity for due diligence and possibly to enhance the plan’s performance. Approach As a thoughtful plan fiduciary, your company’s retirement plan probably had a process in place when you originally selected the investments offered. Wh
Automatic Features to Help Boost Participation and Savings Rates
The use of auto features in 401(k) plans has continued to climb in popularity over the past decade. In fact, auto features such as automatic enrollment and auto escalation are considered best practices in 401(k) plan design as ways to help boost participation and employee savings rates.[1] Many large 401(k) retirement plans offer auto features. However, small business plan sponsors have been slower to adopt them as part of their 401(k) plan design. If your company’s 401(k) pl
Q3 2019: News and Information for Employers
As we close the first half of 2019, we urge plan sponsors to spend a bit of time reflecting on Measurement and Strategic Planning for your retirement plans. Before you know it, you will be sending annual notices and making plan amendments. Our quarterly newsletter discusses the three following topics for plan sponsor information: Plan Design and Auto Features Our 401(k) Investments are on the Watchlist. Now What? Lawsuits Over the Years and What it Means for Plan Sponsors Do
