Video: The Business Case for Financial Wellness

Consider the case for a financial wellness program to help remedy financial stress and strengthen your bottom line.
Read MoreConsider the case for a financial wellness program to help remedy financial stress and strengthen your bottom line.
Read MoreA financial wellness program may help protect your company from the effects of financial stress while lowering turnover, increasing productivity, deepening employee loyalty and improving the company’s profitability.
Read MoreTo compete for top talent, companies are looking for innovative ways to stand out in a competitive labor market. Employees are looking for beefed up benefits that support their social, physical, mental and financial well-being.
Read MoreHelping employees reduce financial stress can help improve wellness, retention and productivity – and cost a fraction of the time lost from overwhelmed employees.
Read MoreFinancial needs differ person to person; but no matter one’s age, it’s always a good time to save! Here are tips for realistic savings goals at any age.
Read MoreStressed employees are feeling the pinch; this can affect productivity, retention and engagement at work. Financial education could be an easy solution that helps your employees and overall business.
Read MoreRetirement goals: we are in this together! Here are 3 need-to-knows in our Fiduciary Plan Governance newsletter.
Read MoreSelecting 401(k) investments can feel like a lot of pressure. However, there are three steps to follow when selecting 401(k) investments that can help ease your mind.
Read MoreThere’s plenty to cover in a committee meeting so help formalize your plan’s foundation with this helpful checklist for an efficient and effective meeting.
Read MoreCompetitive benchmarking is a way to measure and compare fees associated with running your retirement plan. Explore the most frequently asked questions about plan costs and benchmarking.
Read MoreHow do you evaluate, benchmark and assess your plan and what other expertise or protection should you consider?
Read MoreStay ahead of deadlines with help from our annual Compliance Calendar. If you have any questions about deadlines or information requested, please contact us to review today!
Read MoreA financial wellness newsletter to help kick off the new year! 5 Quick Money and Budgeting Tips
Read MoreHere’s helpful guidance about defining your plan goals and offering this benefit which helps everyone save toward retirement success.
Read MoreThe SECURE 2.0 and other provisions strive to expand access to retirement plans, increase retirement savings, help American’s preserve income and streamline retirement plan rules.
Read MoreAppreciating your 401(k) partnerships. Working together to strengthen financial independence by leveraging powerful relationships and welcoming new ones.
Read MoreFocusing more on your business, and less on managing the ins and outs of your workplace retirement plan.
Read MoreTrue or false? A workplace retirement plan should benefit both the employer and employees. Hint: definitely true.
Read MoreLeverage service providers to help your 401(k) plan run more smoothly.
Read MoreLearn what to expect when changing recordkeepers to avoid unpleasant surprises.
Read MoreThe 2023 Retirement Plan Contribution Limits are here! Check out the most recent changes.
Read MoreAttaining a good credit score shouldn’t intimidate anyone. Here are some helpful tips to help you build and repair your financial reputation for a long-lasting impact.
Read MoreA financial wellness program can be an extremely valuable benefit, learn how it can help employees reduce stress while improving workplace productivity
Read MoreManaging a 401(k) plan that aligns with the goals and needs of your business can be challenging. One way is by leveraging innovative options like maximizing savings for business owners, claiming tax credits.
Read MoreReduce the hassle of retirement plan administration by using automatic features and help your employees save without having to do anything. That's right, with the power of automatic features, you can easily lighten your administrative workl
Read MoreRunning a retirement committee doesn’t have to be difficult. Follow these 3 informative tips to help make your team more successful!
Read MoreLooking for ways to sweeten your recruiting and retention efforts? Use these 3 ideas to strengthen your talent management strategy by helping your employees save more and improve financial well-being.
Read MoreAttention Syracuse Business Owners! Learn how to maximize your retirement savings and help minimize your tax burden.
Read MoreThe average American will change jobs 12 times. But what happens to their old 401(k) account? Here are 4 distribution options to consider when changing jobs or retiring.
Read MoreHave you heard about the small business tax credits and incentives in the SECURE Act? Find out more about these workplace retirement plan benefits and how they may help your company today.
Read MoreWhat do employees want - is it comprehensive benefits, flexible schedules or increased compensation? Responses range from guaranteed income options, combatting inflation worries and new creative ways that employers are tackling total reward
Read More70% of employees believe that inflation is the biggest barrier to their savings success – how can employers help improve this outlook, and in the long run, employee financial outcome?
Read MoreIf you have an outstanding student loan, you’re not alone. Read our latest infographic with best practices to help you pay down student debt.
Read MoreSTAND OUT with a more comprehensive benefit package! To retain and attract top talent, employers need to consider new perks that reflect our changing times. The Top 10 #EmployeeBenefits Solutions >>
Read MoreEmployers, are you ready to evaluate, adjust and enhance your benefits program to keep up with workforce expectations and engage top talent?
Read MoreIt’s no secret that inflation is reaching historic levels. It’s affecting you as employers, your employees and their finances. How does it affect retirement savings?
Read MorePaychecks for Life: What is Guaranteed Lifetime Income? Annuities and similar products may help address retirement income concerns.
Read MoreRecruiting and retaining top employees is becoming more challenging. Employees want more than just perks; they want benefits that can help them create financial freedom, balance and recognition.
Read MoreCybercriminals are well-aware that American’s have trillions of dollars in retirement savings plans. Here are key tips to help keep retirement savings safe online >>
Read MoreYour workforce is diverse and unique – how does your retirement plan reflect DEI efforts?
Read MoreA DOL Audit is no walk in the park, but you can take preventative steps to prepare by conducting due diligence and documenting your plan actions. The Complete Guide to a DOL Audit >>
Read MoreStay ahead of deadlines with help from our annual Compliance Calendar. If you have any questions about deadlines or information requested, please contact us to review today!
Read MoreIf the DOL comes knocking, is your plan prepared for an audit? Be aware of red flags, how to respond and what documents to have ready.
Read MoreGet ahead of the curve: The most anticipated topics of 2022: Important information regarding audits, ESG funds and DEI in your workplace!
Read MoreIf you think you’re alone in managing your 401(k) plan, think again! A Retirement Plan Committee is a dedicated group that manages investment options, oversees retirement plan administration and provides fiduciary oversight and...
Read MoreAmericans are living longer than ever before. Life expectancy is now at 79 years old, and many employees will need to save enough to live 17+ years in retirement.1 How financially prepared are your employees to enter into this next...
Read MoreRetirement plan committees are super important; they set the direction and priorities of the company’s retirement plan. These actions (or inactions) can have a huge impact on how successful employees are at preparing for...
Read MoreThe new Retirement Plan Contribution Limits are official! The following limits are going up for 2022: Maximum contributions for 401(k), 403(b) and 547 increases to $20,500 The annual additions limit for defined contribution plans...
Read MoreWith Cycle 3 deadlines fast approaching, now is a great time to review your retirement plan. Measuring your retirement plan’s data provides key information to help increase its competitiveness, which can be extremely helpful in...
Read MoreMore than a year into the COVID-19 pandemic, there are signs of recovery in the U.S. Millions of vaccines have been administered, businesses and offices are reopening and life is starting to look more like it did pre-pandemic. All this...
Read MoreTalking about money is tricky, especially at work. While it may seem too personal for work and easier to avoid the conversation, the effects can have a lasting effect on a company. More and more forward-thinking employers are starting...
Read MoreAs we begin to say goodbye to 2021, let’s look forward to the new year by addressing employee financial habits after COVID, how a K-shape economy is impacting your workplace and how your retirement plan committee plays an...
Read MoreWhen was the last time you reviewed your retirement plan - 5 years ago, 3 years ago? If it has been over a year, it may be time to benchmark your retirement plan, but it doesn’t have to be a chore this time around. After your...
Read MoreYour employees may have questions about one of the first decisions they will need to make – do they want to contribute to a Roth 401(k) or Traditional 401(k)? No matter how you slice it, taxes, income brackets and contribution...
Read MoreFor the millions of business owners that offer a workplace retirement plan, the COVID-19 pandemic created many financial difficulties. However, as the economic climate improves, there is an opportunity for employers to refresh their...
Read MoreJust ask anyone: Uncle Sam and the retirement industry love acronyms. Another was added in December 2020—PEP—which conveniently rhymes with MEP and SEP. The three plan types are 401(k) cousins[1] meaning they share many...
Read MoreThe CARES Act gave plan participants quick access to funds during the COVID crisis, although only about 6% of participants took advantage of the options offered.[1] However, as a plan sponsor you must understand your own obligations...
Read MoreAs the first half of the year phases out, it’s time to focus on measuring and begin strategic planning for your retirement plan. There’s a lot of new items on the agenda this year, from the CARES Act rules for repayment of...
Read MoreHelp your employees save with a plan that fits your unique organization! Each type of retirement plan comes with its own set of features and tax advantage strategies for employees and employers. Knowing the different types of workplace...
Read MoreEach of your employees is unique with their own individual lifestyle path. That said, your employees need guidance to make smarter decisions about their money so they can learn not only how to save today but how to build wealth for the...
Read More30% of Americans don’t have a budget. In fact, 3 in 5 don’t know how much they spend last month, and the median household retirement account balance in America is $50,000.One if not all of these statistics could exist in your workplace...
Read MoreThe global pandemic has had a staggering effect on the economic lives of millions, driving them to actions that could have long-lasting effects on their retirement savings.Facing unprecedented strain caused by the COVID-19 crisis,...
Read MoreWhen employees are financially stressed, they spend three or more hours a week – approximately 150 hours per year – worrying about personal finances or dealing with them at work.[1]A financial wellness program is a soft benefit, so if...
Read MoreWhen employees are financially stressed, they spend three or more hours a week – approximately 150 hours per year – worrying about personal finances or dealing with them at work.[1]A financial wellness program is a soft benefit, so if...
Read MoreMany American workers struggled financially before the COVID-19 pandemic. Therefore, it isn’t surprising that this crisis could greatly hinder their ability to reach their retirement income goals.Indeed, more than three-quarters of...
Read MoreEmployees are worried about their finances. They worry about them in the evenings, on weekends and during working hours. Plus, with the increased stress caused by the pandemic, it’s no secret your workforce could use some help.More...
Read MoreWe are excited to welcome Q2 with the theme of Financial Wellness! This quarter, we are going to touch on some important topics that impact your bottom line and the financial health of your employees.Read the NewsletterMATTHEW C....
Read MoreYour company retirement plan should be a valued benefit, not an open door for lawsuits! How can you reduce your fiduciary liability, protect yourself and your participants? Here are four straightforward actions to take to help reduce...
Read MoreAs the seasons change, employees may need a check-up from their employers to make sure they are in good health! Wellness and self-care during the winter months are especially important. The mental, physical and financial wellness of...
Read MoreRetirement plans are complex and have many moving parts; as such, many plan sponsors create retirement plan committees to help keep them running smoothly. They may be called “investment” or “administrative”...
Read MoreAs a plan sponsor, you are responsible for keeping your plan in compliance with government regulations. One of the important areas of compliance involves the many documents that are part of plan administration. These documents must be...
Read MoreAnyone who has received stacks of mailed booklets, leaflets or other paper 401(k) disclosure materials might be cheering about the Department of Labor’s (DOL) recent rule that expands employer options for delivering retirement...
Read MoreIf navigating a worldwide pandemic weren’t enough, the world of employee benefits continues to throw curve balls at employers and plan sponsors who must constantly keep up. Below are 5 big changes that retirement plan...
Read MoreDoes fiduciary plan governance look different in 2021? Our quarterly newsletter touches on fiduciary plan governance topics to help you stay informed on what has changed or requires action this year: The Importance of a retirement plan...
Read MoreEveryone loves the compliance deadlines that should be met every year. To help you stay ahead of the curve with important deadlines and filings, please find attached our complementary 2021 Compliance Calendar. If you have any questions...
Read MoreTurbulent times can bring turbulent stock markets, leaving your employees worried! Market downturns, as we know, are a part of any investing life cycle and experts agree it is best to stay invested. Encouraging your participants to...
Read MoreThe average person has 12 jobs during the course of their career.[1] That’s a lot of jobs — and a lot of 401(k) accounts! Around 25 million Americans have left money behind in an old 401(k) when leaving a job.[2] It’s...
Read MoreYou likely recognize the importance of seeing your doctor for an annual physical to keep your health in tip-top shape, or taking your car in for routine maintenance to keep it running like new. But what about checking the health of...
Read MoreAs a plan fiduciary, you are responsible for your keeping track of former employees with account balances, a.k.a. missing participants. The DOL and IRS are paying more attention to plan sponsors’ efforts to identify and locate...
Read MoreThe IRS has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020. For company retirement plans, the most recognized highlights include: The following...
Read MoreIf you have terminated participants with balances in your 401(k) plan, some of whom you can’t locate, you’re not alone; missing participants are an industry-wide problem. What is a missing participant? A missing participant...
Read MoreTurbulent times can bring turbulent markets. Many factors cause chaotic swings in the investing world including housing bubbles, political elections, international instability, and as we have seen recently, a global health pandemic....
Read MoreWith 2021 approaching fast, it’s time to start thinking about end-of-year initiatives to thrive in the “new normal” and keep your company’s retirement plan on track. Our newsletter covers strategic topics such...
Read MoreCOVID-19 has brought many updates, changes, and challenges, and we know the stress this can place on a plan sponsor. While things are constantly changing, one thing remains the same – your status as a fiduciary. Your...
Read MoreIt is normal for working Americans to experience some form of financial hardship. When employees have proper financial wellness education, they can develop the mindset to see the long-term impact of their savings decisions. It all...
Read MoreBy choosing to offer your employees a 401(k) plan, you’re sending a powerful message — that you’re invested in their future and committed to helping them work towards financial security in their retirement. As a...
Read MoreOffering a retirement plan shows your employees that you are committed to helping them save for their future. A matching formula is a great way to give a little bit more to your employees and increase contributions! There are many...
Read MoreThe COVID-19 pandemic has undoubtedly shaken our economy to the core. Many businesses have struggled to keep their doors open which has caused unemployment claims to soar. Record unemployment, coupled with a U.S. society that has an...
Read MoreA good total rewards program helps you attract and retain the best possible talent for your organization. Add a great workplace culture and environment and you could be on your way to becoming an employer of choice among job-seekers....
Read MoreThe first half of this year has been like nothing we have ever seen before --from record high employment to record unemployment, stimulus packages, the CARES Act, and of course the pandemic itself! As a plan sponsor, you have been...
Read MoreIf you’re having difficulty with all of the changes and to-dos regarding COVID-19 and how you manage your plan, you’re not alone! Nearly half of plan sponsors say they are still deciding which CARES Act provisions to...
Read MoreIf your employees are drowning in debt, they could be looking to you, the employer, to throw them a lifeline! Luckily, there are a few ways to help your employees pay down debt so they can save a little bit more. How can you help?...
Read MoreWe’ve all heard the golden rule of personal finance, “Pay yourself first.” It means putting money into savings before you do anything else. Your plan participants often need a light nudge to go the extra mile to save,...
Read MoreIn today’s economy, Americans are worried about their finances, and it spills over into every aspect of their lives, even their work. Let’s look at this for a minute and you’ll see why having a financial wellness...
Read MoreEmployers recognize that financial stress is taking a toll on their workforce — and their bottom line. Financial wellness can help improve employees’ fiscal well-being and reduce stress by providing the education and tools...
Read MoreIf you think financial wellness programs are a fad, think again. The industry consensus is that financial wellness not only produces results for employees, but it positively influences company bottom lines. That’s good news for a...
Read MoreEmployee financial stress is a hot topic. So much so, that nearly 60% of employees cite finances as their primary stressor. [1] Their financial worries surpass other top stressors, and it’s impacting their job performance....
Read MoreThe link between stress and employee productivity is real. Experts estimate that it costs companies $500 billion or more per year due to “health costs, absenteeism and poor performance”. [1] And with finances being the...
Read MoreCoronavirus, COVID-19, CARES Act, these topics have without a doubt overtaken your media feeds and with a valid reason. However, in this time of turmoil, we wanted to take a moment to explain what some of this means in hopes of...
Read MoreSigned into effect on March 27, the Coronavirus Aid, Relief and Economic Security (CARES) Act is a robust economic stimulus package designed to help small business owners and hardworking American families during these unprecedented...
Read MoreIt’s easy to say “stay calm” but harder to actually walk the walk. Keeping emotions out of investment strategies can be challenging even on a normal day. Add a dose of a health pandemic, in this case the worldwide...
Read MoreDOL audits can be stressful, complicated and expensive! The best way to handle one is to avoid it in the first place. Through our experience, we’ve outlined three hot button issues that are major red flags for the DOL. Watch our...
Read MoreWhile we firmly believe life is meant to be lived, we also know that it’s important to have peace of mind in the event of an emergency. Your employees might be in the dark about the most important documents they would need if...
Read MoreYour plan data and private information are valuable, but unfortunately, cybersecurity is a critical but often overlooked aspect of a plan sponsor’s fiduciary responsibility. Given the risk of cyberattacks targeting plan data and...
Read MoreEveryone loves the compliance deadlines that should be met every year. To help you stay ahead of the curve with important deadlines and filings, please find attached our complementary 2020 Compliance Calendar. If you have any questions...
Read MoreThe start of a new year is a great time to review your fiduciary governance process and confirm that your fiduciary priorities have been set. Preparing for the unexpected can be a delicate balancing act, but it is vital for the...
Read More*BREAKING NEWS* SECURE Act and What 401(k) Plan Sponsors Need to Know On 20 December, one of the largest changing legislative acts to impact America’s retirement system was signed into effect. The Setting Every Community Up for...
Read MoreAs we approach the New Year, we look at the future trends of the retirement plan industry to better support plan design, plan administration, participant outcomes, and fiduciary plan governance. Download and enjoy our quarterly Lift...
Read MoreAs we close the first half of 2019, we urge plan sponsors to spend a bit of time reflecting on Measurement and Strategic Planning for your retirement plans. Before you know it, you will be sending annual notices and making plan...
Read MoreFinancial wellness has many components that can affect and benefit your workplace. This quarter, our newsletter highlights three engaging topics with insights on the many ways you can incorporate financial wellness into your workplace...
Read MoreShare Class ABCs: Choose Wisely Choosing mutual funds for your retirement plan’s investment lineup can feel like wading through a sea of alphabet soup. Fund companies typically offer multiple share classes, each sporting its own...
Read MoreFour Tips to Boost Your Employees’ Retirement Outlook As many employees look ahead to retirement, 47% of workers feel somewhat confident that they’ll have enough money saved to retire on time and then live comfortably.1...
Read MoreRisky Business: Why Plan Governance Matters Participant-driven lawsuits are on the rise, and employers are facing heightened scrutiny of the way they manage their retirement plans. In today’s continually-evolving regulatory and...
Read MoreFor the majority of future retirees, medical expenses pose significant risk to any retirement plan, and they are only projected to rise. Medical cost estimates for couples throughout their full retirement, assuming both partners are 65...
Read MoreA Marathon for Everyone Recently, I went to cheer on a friend running in her first marathon. The excitement of watching thousands of people accomplish such an amazing goal was an experience like no other. I waited at the last bend...
Read MoreLocating missing plan participants can be a headache for any employer, but simply ignoring them is not an effective solution. Regulatory agencies in previous years have published guidance on this topic relating to missing...
Read MoreWith tax season fresh on our minds, many hear the word refund and begin running down their imagery wish list of ways to spend this extra money. However, when it comes to 401(k) refunds, or corrective distributions, the excitement...
Read MoreIf you are an employer or employee who has decision-making authority over your company’s retirement plan, there is a strong chance that you are a 401(k) plan fiduciary. You have a legal obligation to operate the plan solely in...
Read MoreBenchmarking is a retirement plan best practice that allows plan sponsors the opportunity to “take a peak under the hood” of their 401(k). The process allows you to compare your plan to similar plans, measuring key metrics...
Read MoreDoes Your Portfolio Fit Your Retirement Lifestyle? Most portfolios are constructed based on an individual's investment objective, risk tolerance, and time horizon. Using these inputs and sophisticated portfolio-optimization...
Read MoreSocial Security: Two Benefit Strategies Eliminated With the passage of the Bipartisan Budget Act of 2015, two strategies to potentially maximize Social Security benefit payments were eliminated. AN OVERVIEW Prior to the budget’s...
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