Newsletter

Empowering Employees Through 401(k) Education: A strategic Advantage for Employers In today’s workplace, offering a 401(k) plan has become a standard part of employee benefits. But simply making a retirement plan available isn’t enough. For employees to truly take advantage of it, they need to understand how the plan works, why it matters and how […]

Spring Cleaning Spring will arrive soon, promising new growth and a fresh beginning. It could also be the perfect time to do some spring cleaning for your plan. Let’s look at some areas that you might consider reviewing to ensure your retirement plan is operating efficiently. Document your processes and procedures to make certain that

Cost of Living Adjustments for 2026 Are Here! On November 13, 2025, the IRS announced the Cost of Living Adjustments (COLAs) affecting the dollar limitations for retirement plans for 2026. In October, the Social Security Administration announced a modest benefit increase of 2.8%. Retirement plan limits also increased over the 2025 limits. COLA increases are

En Garde!!! THE CHALLENGE WITH FORFEITURES You may have been reading in the news about the recent uptick in ERISA class action lawsuits relating to the use of forfeitures. This article will be relevant to your plan if you have employer contributions and apply a vesting schedule to those funds. What is a Forfeiture? An

Cost of Living Adjustments for 2025 are here! On November 1, 2024, the IRS announced the Cost of Living Adjustments (COLAs) affecting the dollar limitations for retirement plans for 2025. In October, the Social Security Administration announced a modest benefit increase of 2.5%. Retirement plan limits also increased over the 2024 limits. COLA increases are

Effective Communication with Participants A recent survey found that 59% of workers thought that they were contributing to their 401(k) plan and saving for retirement when they weren’t. The Retirement Security Survey, conducted by Principal, asked participants why they weren’t enrolled in the plan and a surprising number thought they were. Even though plan provisions

Is Automatic Enrollment Required for Your Plan? An automatic enrollment provision can be a useful tool to drive employee engagement in plans, particularly for participants who otherwise have not yet considered their retirement situation. These provisions allow an employer to withhold deferrals from the employee’s pay without the employee making an election. By utilizing automatic

Components of Defined Contribution Plan Compliance Testing Plans must be tested each year to ensure that they are compliant with the laws governing retirement plans. To understand the testing performed for your plan, it may be helpful to review some of the terms that are commonly used. First, let’s examine how your plan’s noteworthy individuals