The key intent of this strategy is to allow freedom to and reward long-term employees who have accumulated the skills the company needs to compete.
Posts From Christopher Carosa, CTFA
Should 401k plans allow participants to take loans from their retirement savings accounts? Is pre-retirement access to 401k assets constructive or destructive?
Thought experiments, they’re baaack, and changing times.
Still, it seems most financial professionals feel anything that brings people closer to the road towards financial independence should be encouraged.
Irregular regulations, a short week, and an era passes.
Overall, nearly 1 in 5 companies still have not adopted auto-enrollment. There are common reasons why companies would not include auto-enrollment in their plans.
More nothing, more, nothing, and nothing more.
So what if a few very high net savers end up with bigger retirement plans? Good for them. The point is to make it easier for more people to save more.
Old vs. new thinking, the obvious answer, and quit complaining and start remembering.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 7/14/23
Whole lotta compliance shakin’ goin’ on, going retro on fees, and a great fiduciary overview.