Christine Hradsky No Comments

Improve Your 401(k) Offering For Employees for Little or No Cost

 401(k) OfferingIn general, 401(k)s are not living up to their promises. Yes, they do provide a tax-advantaged means to equity ownership for millions of American workers. But too many workers are not fully participating in market gains, and too much capital is being siphoned away from workers’ accounts by various inefficiencies and middlemen. Read more

Christine Hradsky No Comments

Fees for 401(k) Services: What Plan Sponsors Need to Know

Fees 401(k)

Avoid having the gavel come down on you by being well aware of the fees associated with your employee benefit plans.

Political candidates who don’t know the cost of a gallon of gas or a movie ticket usually wind up paying that price with voters and losing on election day. Likewise, many plan sponsors are finding themselves on the losing side of lawsuits because they allowed their defined contribution plan to pay unreasonable service fees. Read more

Christine Hradsky No Comments

Employees, Sponsors Sailing Toward Safe Harbor 401(k) Plans

Safe harbor 401(k)

For employers, a safe harbor 401(k) plan can be a beacon in what feels like a sea of red tape.

Just the name sounds tranquil… “safe harbor 401(k) Plans.” And that’s no accident. Understanding and meeting the nondiscrimination requirements of standard 401(k) plans can be daunting. Safe harbor plans are relatively new, which has caused some to watch from the sidelines to see how they work out.   Read more

Christine Hradsky No Comments

Employee Benefit Plans- Cost of Living Update

2018 COST-OF-LIVING ADJUSTMENTS FOR QUALIFIED RETIREMENT PLANS

The Internal Revenue Service has announced the cost-of-living adjustment (COLA) for 2018. The dollar limitations for pension plans and selected other items are displayed in the associated graph. Certain annual compensation amounts were increased, including the limit for elective deferrals, which have not been updated since 2015. The Social Security Administration separately announced an increase to the taxable wage base. Read more