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How Can 401k Plan Sponsors ‘Trick’ Employees Into Saving More For Retirement?

    How Can 401k Plan Sponsors ‘Trick’ Employees Into Saving More For Retirement?

In the spirit of the season, one might even think of this as “tricking” employees to save. Plans sponsors are already using these tricks.

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DOL Approves Citi’s ‘Diverse Asset Program’ for 401ks—What Could Go Wrong?

    DOL Approves Citi’s ‘Diverse Asset Program’ for 401ks—What Could Go Wrong?

The DOL seems to use the same metric that it earlier employed in its statement on the Fiduciary Rule. Still, the Advisory Opinion is very precise in what it allows. Citi will have to tread carefully to not cross the line into the realm of fiduciary.

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How 401k Plan Sponsors Encourage Employees To Save More For Retirement

    How 401k Plan Sponsors Encourage Employees To Save More For Retirement

Participation is one thing. It’s critical that retirement savers build on the momentum of participation and use that to increase the amount of dollars that get contributed to their article. How can plan sponsors facilitate this?

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How Can 401k Plan Sponsors Increase The Number Of Employees Who Participate?

    How Can 401k Plan Sponsors Increase The Number Of Employees Who Participate?

How strong an argument is there for auto-enrollment? Remember, the key feature of the 2006 Pension Protection Act was to encourage auto-enrollment. The SECURE Act has even stronger language.

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How 401k Plan Sponsors Can Onboard New Hires To Encourage Retirement Savings

  How 401k Plan Sponsors Can Onboard New Hires To Encourage Retirement Savings

These service providers bring in expertise and can engage the worker directly. Once set in place, the plan sponsor can step aside and let the system run on its own.

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How Do 401k Plan Sponsors Convince Middle-Class Workers They Can Retire?

  How Do 401k Plan Sponsors Convince Middle-Class Workers They Can Retire?

Of course, to really answer the question of post-retirement middle class stability, we have to understand what “middle class” means. Luckily, there are folks who collect data, which helps with this definition.

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Is There A Cure For Covid Caused 401k Leakage?

  Is There A Cure For Covid Caused 401k Leakage?

It’s clear, then, that there’s a problem. In order how to best come up cure for Covid-related leakage, we have to zero in on exactly when the trouble lies.

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Can 401k Auto-Enrollment Be Too High?

  Can 401k Auto-Enrollment Be Too High?

The example the researchers chose was a British company. The fact the study was not conducted within the framework of the ERISA environment may call into question its relevance to plans in America.

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Exclusive Interview: Sheryl Garrett Says We Aren’t Doing Enough To Mitigate Conflicts-Of-Interest

  Exclusive Interview: Sheryl Garrett Says We Aren’t Doing Enough To Mitigate Conflicts-Of-Interest

I don’t think the plan service providers should provide participant advice. Advice to participants should be provided by a non-related third-party fiduciary.

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What 401k Plan Sponsors Should Do About ‘Lost’ Participants

  What 401k Plan Sponsors Should Do About ‘Lost’ Participants

The DOL’s guidance on missing plan participants appears just as effective as its week 2012 Mutual Fund Fee Disclosure Rule. Yes, it’s there, but it has no viability. Still, that doesn’t mean 401k plan sponsors can ignore the issue, even if they have not lost participants.

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