Managing uncashed retirement checks may be considered a nuisance by plan administrators. Nevertheless, the employer still has fiduciary responsibility when a former employee fails to cash their distribution. Search efforts to locate a missing plan participant consume time and money and may fail to locate the participant. Likewise, going through the process of turning over…

What do nonprofit board members need to make decisions? The right information. To ensure your board has what it requires, funnel the following financial and strategic material through your executive director.

An educated employee is an empowered employee, especially when it comes to retirement savings and financial wellness. To help employees better understand their fiduciary process, the key features of your company’s retirement plan, and the importance of setting aside money for their future, it’s crucial to offer financial education. Financial education can come in many…

Investment refresh is an extension to automatic enrollment that transfers investment allocations to the plan’s QDIA.

The qualified default investment alternative (“QDIA”) is arguably the most important investment in a plan’s investment menu.

President Biden signed the American Rescue Plan Act. Are you eligible to receive direct payments under the new law that passed on March 11?

The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to provide retirement plans to their employees. According to the DOL, the rule will enable more small and midsize unrelated businesses to join forces in multiple employer plans (MEPs) that provide their employees a defined contribution…

If your business doesn’t invest in financial wellness for your team, you may find it difficult to attract and retain the best employees.

This month’s employee memo encourages employees to make small lifestyle changes to reduce their out-of-pocket health costs. Believe it or not, staying healthy just might make you wealthy. With small lifestyle changes and healthy choices, you may reduce your annual healthcare costs and increase your income. These lifestyle changes can be as simple as limiting…

With most retirement plans, the fiduciary responsibility of selecting and monitoring the plan’s menu of investments is designated to a retirement plan investment committee. This committee usually includes financial officers and human resources officers of the employer. The committee meets periodically (anywhere from annually to quarterly) to consider agenda items including investment due diligence, fees…

Removing a trustee can be difficult. However, there are ways to make it easier without giving too much power to the beneficiaries.

Business owners: If your company isn’t quite ready to sponsor its own retirement plan for employees, a pooled employer plan may serve as a suitable alternative.