Offering defined contribution (DC) retirement plan participants the chance to take a loan from their accounts encourages participants to join the plan because they feel they have access to their money, but taking a loan from the plan could possibly be detrimental to participants’ overall retirement savings outcomes.
Obviously, I type a lot, given my job. And, I’ve noticed that some letters are either entirely or partially rubbed off—leading me to think these are the letters I most use.
My eldest son works four 10-hour days rather than five 8-hour days per week.
Summer is almost officially here.
We recently covered a survey which found 15% of workers say they have argued with a coworker about office temperature.
Data shows the majority of retirement plan sponsors have implemented what many call “best practices” for their retirement programs, but there are still some underutilized features that could help boost participant outcomes.
Mom’s are good at offering words of wisdom, advice or comfort—from the clichéd ones all moms use to more personal ones that come from experience.
Sometimes I take stay-cations, staying at home to get things done, while other times, I take vacation to visit with family or to actually go to a place like the beach to wind down.
More than a decade ago, when my youngest son went to the prom at his high school, I realized how much more expensive it was to attend the prom than when I did so (I won’t say how long ago that was).
Many plan providers or other entities can provide peer benchmarking reports—so plan sponsors can compare their plans to those of similar type, size or in the same industry.
We covered a survey which found emotional reactions are common in the workplace.
The winner of the 2018 NCAA basketball tournament will be revealed today.
The Department of Labor (DOL) has paved the ways for inclusion of environmental, social and governance (ESG)-screened investments to be included in defined contribution (DC) plan menus.
You can find studies showing both that March Madness activities improve workplace morale and productivity or decrease it, and other studies say it cost employers money.
This past weekend, most of us “sprang forward”—moving our clocks ahead one hour.
“I work as an administrator in my local church—recently hired in this position after working in the same position for another church of the same denomination.
We recently covered a survey in which Americans reported an average bump in take home pay of $130.76 as a result of tax reform. Nearly 13% indicated they are going to use that money to save more for retirement.
Data from the Alight Solutions 401(k) Index shows retirement plan participants reacted poorly to the latest round of stock market volatility, with trading activity described by researchers as “exceptionally high” over the days following the stock market plunge.
“Our firm sponsors an Employee Retirement Income Security Act (ERISA) 403(b) plan that has a two-year service requirement (100% vested after two years) in which the hours-counting method (1,000-hour requirement) is used.
Many may need to set up an emergency fund or pay off debt first.