Plan Sponsors
3 Reasons Companies Should Ditch Their Stand-Alone 401k And Join A 401k PEP
In the end, though, you must remember the PEP is brand new. Not all offerings will offer the same advantages. Some may be designed specifically to forego one advantage to emphasize another.
Plan Sponsor Primer: How is an Open 401k MEP/PEP Different From a Stand-Alone 401k Plan?
Only time will tell, but the smart money is that open 401k MEP/PEPs are a game-changer. Are you planning to sit on the bench or are you suiting up and getting ready to wade in?
Looking Ahead: 401k Plan Sponsors Issues Coming in 2021
If plan sponsors assume things can return to the pre-Covid normal, they risk exasperating existing problems. They’re there and cannot be ignored.
This Is How Small 401k Plan Sponsors Can Best Address Their Unique Needs
The biggest issue when it comes to access is cost. It’s not just the plan sponsor’s sensitivity to higher costs. It’s the service provider’s ability to keep those costs low.
401k Plan Sponsors and Fiduciaries Should Use This Innovative Approach to Employee Education
If you are responsible for 401k participant education or in any form of employee-based financial literacy program, you may want to adopt methods used by others who teach adults.
What Can Plan Sponsors Do To Bring Employees Up To The Optimal Deferral Target?
Aside from pep talks and infusing it into their corporate culture, don’t forget that much of what is needed can be built right into the plan.
5 401k Participant Savings Strategies That Are More Effective Than Projected Income Disclosure
All these strategies can be employed today and have proven themselves effective. It’s unclear that disclosing projected retirement income will provide the kind of incentive that will work.
3 Plan Design Updates 401k Plan Sponsors Should Make To Older 401k Plan Documents To Better Account For Today’s Circumstances
It’s not as if this “surprisingly secret” formula has run its course. The equation is so timeless, so simple, that it continues to work for those who have the disciple to follow its rules. Still, can today’s workers see this work for them?
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