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Tag "plan participant"

The 3 Most Critical Concerns of Small 401k Plan Sponsors

    The 3 Most Critical Concerns of Small 401k Plan Sponsors

In the end, this all comes down to one final concern, and it’s one that is typically not even considered.

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What Trump vs. Biden Means to 401k Plan Sponsors and the Typical Plan Fiduciary

    What Trump vs. Biden Means to 401k Plan Sponsors and the Typical Plan Fiduciary

Before you start to panic, take a deep breath and relax. The retirement savings industry is an aircraft carrier. It can’t turn on a dime.

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Why Are We Seeing So Little Being Written About 401k Fees Now?

    Why Are We Seeing So Little Being Written About 401k Fees Now?

Today, the understanding of conflict-of-interest fees goes well beyond plan sponsors. Individual investors also understand how they can act as a better fiduciary for their own personal investments.

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401k Plan Sponsors and Fiduciaries Should Use This Innovative Approach to Employee Education

    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.

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What’s the Most Effective Way 401k Plan Sponsors Can Motivate Their Employees to Repay Their CARES Act Early Withdrawals?

    What’s the Most Effective Way 401k Plan Sponsors Can Motivate Their Employees to Repay Their CARES Act Early Withdrawals?

Perhaps the first option to focus on is that one that involves “paying back” or “not paying back.” The rules, while straightforward to financial professionals, may be less apparent to retirement savers.

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How Can 401k Plan Sponsors Make Employees Aware of Age-Based Social Security Risk

    How Can 401k Plan Sponsors Make Employees Aware of Age-Based Social Security Risk

If plan sponsors want to alleviate retirement angst among plan participants, they need to ensure they provide full transparency regarding factors that extend beyond the plan. Plan sponsors have an obligation to explain their retirement benefits within the context of these outside factors.

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Plan Sponsors Have This Fiduciary Duty to Structure 401k Plans to Reduce the Harm Market Inefficiencies Pose to Plan Participants

    Plan Sponsors Have This Fiduciary Duty to Structure 401k Plans to Reduce the Harm Market Inefficiencies Pose to Plan Participants

Despite the better intentions of finance professors a generation ago, the market regularly fails the efficiency test. The scary reality is not a question of what degree of market inefficiency exists, it’s that market inefficiency exists at all. And that can harm investors.

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What Can 401k Plan Sponsors Do to Discourage Unnecessary Premature Retirement Plan Withdrawals?

    What Can 401k Plan Sponsors Do to Discourage Unnecessary Premature Retirement Plan Withdrawals?

The good news is 401k plan sponsors don’t need to treat this as a solo act. They’ve already got a team of hired hands to help them.

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How Can 401k Plan Sponsors Better Shield 401k Participants From External Fraud?

    How Can 401k Plan Sponsors Better Shield 401k Participants From External Fraud?

Plan sponsors – or, more specifically, the companies plan participants work for – may be placing employees in a far greater cyber-vulnerable position than they realize.

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401k Plan Sponsors Fiduciary Duty in Light of Coronavirus Fear

    401k Plan Sponsors Fiduciary Duty in Light of Coronavirus Fear

Now is the time for 401k plan sponsors to seize their fiduciary mantle and provide the guidance and tools plan participants need to dodge emotional decisions that could ruin their chance for a comfortable retirement.

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