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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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$4.3 Million Or $1.27 Million? What’s The Point Of Scary Retirement Projection Numbers?

  $4.3 Million Or $1.27 Million? What’s The Point Of Scary Retirement Projection Numbers?

The twist is this: The bad news is only a fraction of the people will be able to save $4.3 million for retirement because the average salary is too low. The good news is most people won’t need to save $4.3 million because, thanks to living on a low average salary, they are accustomed to spending far less.

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‘Forgotten’ 401k Accounts Study Criticized By Fiduciary Professionals

  ‘Forgotten’ 401k Accounts Study Criticized By Fiduciary Professionals

The challenge is plan sponsors often can’t determine if an account is forgotten until some triggering event. And by that time, it’s too late.

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Fiduciary Split Decision: Are Separately Managed Accounts (SMAs) In The Best Interest Of 401k Retirement Savers?

  Fiduciary Split Decision: Are Separately Managed Accounts (SMAs) In The Best Interest Of 401k Retirement Savers?

“They can benefit from something more tailored to their unique circumstances, particularly as they are approaching certain key inflection points in their working lives or key financial decisions they have to make or key life events. Therefore, what we’ve been seeing in the retirement plan industry is this emphasis on retirement plan services.”

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