facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

Plan Sponsor

Get the latest retirement plan industry news, education and tips you need to know to help navigate your fiduciary responsibilities. Contact your Plan Consultant with any questions.

%POST_TITLE% Thumbnail

Helping Gen Xers Weather a Perfect Storm

Generation X — comprising those born between 1965 and 1980 — faces unique financial and social pressures that have left almost half of them with no retirement savings. For plan sponsors, providing tools and resources tailored to this generation’s needs can play a crucial role in helping them take meaningful and measurable steps toward retirement readiness.

Read More
%POST_TITLE% Thumbnail

Why Workers Leave Matching Dollars on the Table

A 2023 Vanguard study found that a quarter of participants deferred less than 4% of their income — generally below the threshold to maximize an employer match. While financial constraints play a role for some, psychological factors can also contribute. Understanding these cognitive biases can help explain why workers forfeit free money — and highlight strategies to help.

Read More
%POST_TITLE% Thumbnail

How to Design a Differentiating Benefits Package

Over the past couple of years, the so-called “Great Resignation” has led to an unprecedented number of career changes. At the same time, the boom in remote and gig work means that skilled employees have more choices than ever. For that reason, recruiting and retaining talent in today’s climate can be challenging. Offering the right blend of benefits for your target talent pool can give your company a competitive edge. While there’s no single ideal benefits package, there are tactics you can use to find the one that’s best for your organization.

Read More
%POST_TITLE% Thumbnail

Portability Services Network Expands Impact

According to a recent release, the Portability Services Network (PSN) has now grown to include six providers, covering over 15,000 retirement plans and 5 million members. For employees with balances under $7,000, PSN, led by Robert L. Johnson's Retirement Clearinghouse LLC, allows the automated transfer of retirement funds. The goal of this approach is to decrease the number of cash-outs and keep investors from losing sight of their retirement assets.

Read More
%POST_TITLE% Thumbnail

What Retirement Planning Isn’t

Employees can easily latch onto media-hyped, generalized one-size-fits-all retirement savings numbers without a clear understanding of whether those figures align with their personal financial circumstances. So what is retirement savings planning not?

Read More
%POST_TITLE% Thumbnail

Increasing 401(k) Balances Can Bring Increased Risk

By the second quarter of this year, the number of “401(k) millionaires” rose 2.5% from Q1, marking a record high according to Fidelity. At the same time, retirement savers overall experienced three consecutive quarters of growth — and that’s good news for many investors. However, a Vanguard analysis of its plans also shows a concerning trend: The percentage of savers who took hardship withdrawals from retirement accounts increased twofold over a three-year period, climbing from 1.7% in 2020 to 3.6% in 2023.

Read More