Retirement Plan Optimization

Retirement plan optimization is concerned with attaining the best outcomes for plan participants. Retirement plans have become an important element of competition for key employees. A retirement plan is only as good as the outcome it provides for employees and adhering to best practices can greatly enhance the value of your company’s retirement benefit.

How a Company with 99% 401k Participation Rates Cut Loans and Withdrawals by 50%

April 28, 2017

With high 401k participation rates, company is challenged with high loan and hardship withdrawal rate and low deferral rate. Recently we sat with a Vice President of Human Resources for a medical research and care facility in Baltimore, Maryland who attended ...

State Pension Plans Underfunded by $1.3 Trillion According to Study

April 28, 2017

State Pension Plans Underfunded According to a study by The Pew Charitable Trusts, state pension plans are experiencing a wider gap between assets and promised payouts to workers. The gap between the total assets reported by state pension systems across ...

The Top 7 Reasons Almost 33% of American Workers Have Saved Nothing for Retirement

April 28, 2017

There are many reasons people do (or don’t do) the things they should. According to GoBankingRates.com, almost 33% of American workers have saved nothing for retirement. That is an astounding statistic and spells trouble for the entire economy down the ...

401k Tax Tip Could Add 0ver $330,000.00 to the Average Plan Participant’s Savings

April 28, 2017

This 401k tax tip may be one of the most powerful ideas you share with your employees. With the tax deadline just passing and many employees deciding what to do with their refund, it’s a great time to teach a ...

401k Plan Sponsor Finds Recipe for Success With Lower-Wage Workers

April 28, 2017

Running a 401k or 403b plan can be daunting with most administrators just trying to keep their heads above water. A 401k plan sponsor attending a TPSU program held at Loyola University explains some simple steps she took to increasing ...

7 Reasons Why 401k Loans Are Bad Medicine

April 28, 2017

In speaking with plan sponsors attending The Plan Sponsor University (TPSU) programs around the country, the topic of 401k loans inevitably arises. In almost every program, plan sponsors get somewhat uncomfortable when the subject is addressed. 401k loans are often ...

Delayed Retirement: What Every Plan Sponsor Needs to Know

April 11, 2017

Why should employers care about their employees’ delayed retirement? At plan sponsor events around the country each year we get to meet with hundreds of plan sponsors. When the subject of employees delaying their retirement is addressed, most plan sponsors feel ...