Category: Plan Design

Explore whether auto-enrollment and auto-escalation are right for your retirement plan. These features, now required for new plans under SECURE Act 2.0 starting in 2025, can significantly increase participation and savings rates. However, they may not suit all organizations. Careful evaluation, documentation and strategic planning can help you design the right retirement plan for your company.

Learn how to manage 401(k) committee transitions with best practices for onboarding and knowledge sharing. Support your 401(k) committee’s growth and maintain plan success with these actionable tips for smooth leadership transitions.

Forming a strong 401(k) committee is crucial for managing a compliant, cost-effective, and employee-focused retirement plan. Key tasks include monitoring fees, benchmarking plans against industry standards, and motivating participation through auto-enrollment, auto-escalation, and tailored communication. Partnering with professional advisors enhances plan management, documentation, and legal compliance.

Discover how strategic 401(k) plan designs can mitigate the costs of delayed retirement. Explore solutions like HSAs, retirement income funds, and in-plan annuities to help employees retire on time and support employers in managing workforce expenses effectively.

Gain actionable insights for optimizing efficiency and compliance through strategic retirement plan analysis. Examine key metrics like participation and deferral rates, asset allocation, and auto-enrollment. Understand the impact of upcoming SECURE 2.0 amendments, offering guidance on how to future-proof your retirement plan for 2025 and beyond.

Get clarity on the roles and responsibilities of key providers you work alongside in partnership, each specializing in areas like compliance, administration, participant education, and investment management. By leveraging their expertise, you can simplify administration, boost employee engagement, and improve plan effectiveness—all while staying aligned with fiduciary responsibilities. With the right support, you can streamline operations, strengthen your plan, and focus on your core business.

The SECURE 2.0 Act introduces several important changes affecting 401(k) plans, starting in 2025. Plan sponsors should prepare for these updates to ensure compliance and optimize their retirement plans.

Let’s explore some of the critical elements of workplace retirement plans.

To help prevent potential retirement delays, consider retirement income solutions to boost participants’ confidence in their future financial security.

This article is a helpful guide for wrapping up 2023 smoothly! We will dive into those end-of-year 401(k) tasks that require your attention including plan design review, SECURE Act preparation and impact on businesses, Required Minimum Distributions (RMDs), employee deferrals and more.