Plan Sponsors
7 Concerns on the Forefront of 401k Plan Sponsors’ Minds Right Now
What if you were told the best way to calm your nerves was to be worried? Here are 7 reasons why this might be true.
What Bagels, Loss Aversion, and Reframing the Company Match Can Show the 401k Fiduciary About How to Help Employees Save More Money for Retirement
If it is true the fear of loss motivates people more than the offer of a gain, then the traditional 401k company match framework is designed improperly. Currently, employees are promised a reward for contributing in their 401k plan. Think of this as the carrot urging people to save for their retirement. What if, instead of using a carrot, plan sponsors reframe the “match” in terms of a stick?
How Anchoring Hurts 401k Retirement Savers
With the introduction of the concept of anchoring, Tversky and Kahneman opened the door to a new way of thinking about and addressing the financial decision-making process. For more than four decades, subsequent research has expanded upon their idea. Yet, plan sponsors and participants continue to remain uninformed of the dangers of anchoring.
The 3 Biggest Service Provider Mistakes 401k Plan Sponsors Make
It’s understandable, given the many hats plan sponsors wear, that mistakes will be made. The challenge is to not dwell on them, but to have a reasoned and determined process to address and correct them.
Retirement Plan Options for Small Business Owners
“Small business owners really need to have a clear understanding of all the retirement plans… Finding the right strategy will help you grow your business and save for your retirement.”
The Best and the Worst of 401k Plan Design Elements
If you’re a plan sponsor, it’s time to review how your plan measures up against these design elements. If you’re looking to become a plan sponsor for a new plan, consider whether or not you should include these design elements.
5 Things to Do to Improve a Retirement Investor’s Goal-Oriented Target
The best strategy is to live in moderation – both today and when you retire.
How a Fiduciary Can Assess a Retirement Investor’s GOT
Now that you’ve determined your Goal-Oriented Target, discover what it means.
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