March - 2021

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Fidelity Bond Requirements

Fidelity Bond Requirements

If you sponsor a company retirement plan as a benefit for your employees, you may be required to maintain a type of insurance called a “fidelity bond.” The purpose of a fidelity bond, also known as a “surety bond,” is to protect a company-sponsored retirement plan from losses due to potential fraud or dishonesty by those responsible for handling the plan funds. This may include staff or vendors who process payroll, the plan trustee(s) and any others who regularly work hands-o

Video: 4 Actions to Help Reduce Retirement Plan Litigation

Annual Tax Savers Credit [Participant Infographic]

Annual Tax Savers Credit [Participant Infographic]

Many Americans are not aware that they may be eligible for the Tax Saver’s Credit! Your employees may be able to take a tax credit for making eligible contributions to their IRA or employer-sponsored retirement plan. So, what is it and how do your employees get it? Check out our helpful infographic you can share with your workforce to give them more information on how the Tax Saver’s Credit can help them get paid to save for retirement! Download the Infographic PWMG 401(k) Ad

Three Pillars of Wellnes

Three Pillars of Wellnes

As the seasons change, employees may need a check-up from their employers to make sure they are in good health! Wellness and self-care during the winter months are especially important. The mental, physical and financial wellness of your employees can directly affect their productivity and the workplace culture. Here is a roundup of action items they can take to improve their overall wellness as the seasons change! Download the Infographic

2021 COVID Relief Bill

2021 COVID Relief Bill

The COVID Relief Bill provides insights on how employers and business owners can receive assistance with: Payroll Protection Program Disaster Tax Relief Minimum Age Distributions During Working Retirement Employee Retention Tax Credit (ERTC) and many more. Learn more about how you can receive aid for your business and employees with our guide to the 2021 COVID Relief Bill. Download the Guide PWMG 401(k) Advisors WORCESTER 324 Grove Street, Second Floor Worcester, MA 01605

The Importance of a Retirement Plan Committee & Annual Reviews

The Importance of a Retirement Plan Committee & Annual Reviews

Retirement plans are complex and have many moving parts; as such, many plan sponsors create retirement plan committees to help keep them running smoothly. They may be called “investment” or “administrative” committees and can range in size. Regardless of the name or number of people involved, the committee’s organization, process and documentation are key to success. One important function of a retirement plan committee is regular, ongoing reviews of the plan’s performance w

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