Category: Plan Design

Boost employee engagement and retention with benefits that meet the diverse needs of today’s multigenerational workforce. From mental health support for Gen Z to retirement planning for Baby Boomers, a personalized and strategic benefits program helps employees feel valued and motivated. By aligning benefits with your team’s priorities and offering financial, health, and whole-person support, you can create a thriving, loyal workforce. Discover how thoughtful employee benefits can drive long-term business success.

Leadership plays a critical role in benchmarking retirement and health insurance benefits to stay competitive, compliant, and cost-effective. Learn how benchmarking helps employers align with industry standards, fulfill fiduciary responsibilities under ERISA, and improve employee satisfaction. By regularly reviewing benefit plans and comparing them with peers, companies can reduce costs, improve plan quality, and attract and retain top talent. The article also outlines practical steps leaders can take to begin the benchmarking process effectively.

7 practical tips to help employees stay focused on long-term retirement saving highlights the importance of early saving, using peak earning years, understanding compound interest, staying calm during market volatility, and maximizing contributions. Employers are encouraged to use regular communication and targeted education to boost participation and improve retirement outcomes.

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.