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October 13th, 2015 |
Looking for Award-Worthy Plan Sponsors!We are now accepting
nominations for the 2016 PLANSPONSOR Plan Sponsor of the Year awards. This is
an excellent opportunity for you to tell your story and share your successes
with peers. We are looking for plans of all types—pension, 401(k), 403(b), 457,
public DC, etc.—and of all sizes. You can nominate a plan, or yourself, here.Read more > |
Survey Reveals Struggles with Retirement SavingSome say they cannot
afford to save, some think they are too young to worry about it, and many need
to be taught the right factors when making investment decisions.Read more > |
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ASK THE EXPERTS
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| Overall,
Paychex finds 40% of survey respondents feel the biggest benefit of outsourcing
payroll is the peace of mind it provides where regulatory demands are
concerned. Nearly six in 10 small business owners are administering payroll on their own.Read more > |
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| Financial Wellness Programs Can Carry a StigmaEmployees want help
with overall financial wellness, but bad vibes could prevent them from
participating in employer programs.Read more > | Millennials More Confused About Retirement PlanningLincoln Financial
found young savers, more than other age groups, are challenged by understanding
long-term benefit options.Read more > | Going Mobile with Retirement PlansMore participants are
looking to their phones to learn about retirement plans and saving.Read more > | Reviewing Recordkeeping Fee StructuresWhile monitoring
expenses is a necessary fiduciary duty, once an appropriate recordkeeping fee
has been agreed upon, how should it be paid?Read more > | Initiative Encourages Saving in Small StepsPublic-sector retirement plan service provider
ICMA-RC estimates how much employees can save toward retirement by bringing
lunch to work.Read more > | Inactive Vendor Accounts Counted Toward Cashouts?“We are reducing the number of recordkeepers in our Employee Retirement
Income Security Act (ERISA) 403(b) retirement plan from five to a sole
recordkeeper, beginning in 2016. At the same time, we wish to add a small
balance cachout provision to our plan. Must we count the balances of the
inactive vendors in determining the cashout amount?”Read more > | | David Levine and David
Powell with Groom Law Group, and Michael A. Webb, vice
president, Retirement Plan Services, Cammack Retirement Group, will field your questions
concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers will be
printed in future (b)lines. This feature is to provide general
information only, does not constitute legal advice, and cannot be used or
substituted for legal or tax advice. |
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