Great News for Retirement Contribution Limits
It’s official – nearly all qualified retirement plan limits will increase significantly in 2022, something the industry hasn’t seen across the board in years. Employee deferral limits for 401(k) plans will increase from $19,500 to $20,500 next year....
Retirement Plan Podcast Series #5: Get Rich Slowly: The Key to Helping Participants Maximize Their Retirement Plan
How much money do you need to retire, and just how many people out there even have enough saved to retire?
Retirement Plan Podcast Series #4: Making Sense of the Investment Options Within Your Retirement Plan
You’ve likely heard the phrase “don’t put all your eggs in one basket,” and you probably know that as a Fiduciary, you’re required to ensure that the Plan offers a diverse set of investment options, but just how many options should you be offering, and just how diverse do they need to be?
8 Key Questions to Ask your Retirement Plan’s Investment Advisor
It is fairly common for employer-sponsored retirement plans (401(k)’s, 403(b)’s) to hire an investment advisor as an additional benefit to Plan participants. An investment advisor can provide various ancillary benefits to the Plan, such as assistance, education, and...
How Do Recent Changes to Hardship Distributions Impact My Retirement Plan?
If your defined contribution retirement plan (e.g., 401k, 403b) offers the option for participants to withdraw funds through a hardship distribution provision, you should be aware of recent changes proposed by the IRS.