Author Archives: Jerome.Pfeffer

INFOGRAPHIC: MAKING THE MOST OF YOUR EMPLOYER MATCH

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More than 1 in 5 employees do not contribute enough to their 401(k) to receive your full employer match.[1]  Your employees might not fully understand how to take full advantage of it or what they are missing out on… Download … Continue reading

HEALTH SAVINGS ACCOUNTS: FEATURES YOUR EMPLOYEES MAY THANK YOU FOR

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For 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, has increased $15,000 from … Continue reading

INFOGRAPHIC: THE COST OF FINANCIAL STRESS

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Many financially stressed employees confess to spending 3+ hours of their work week distracted by personal finances[1], that’s 156 hours per year. This means you could be losing up to $5,260 per employee![2] So, what can employers do? Here are three … Continue reading

THE FINANCIAL MARATHON

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A 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 … Continue reading

A GUIDE FOR EMPLOYERS DEALING WITH MISSING PARTICIPANTS

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Locating 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 “retired” employees. With the increase in … Continue reading

VIDEO: SAFE HARBOR PLANS

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If you are a fiduciary to a traditional 401(k) plan, there’s a chance you might be inclined to annual non-discrimination testing. A Safe Harbor Plan can eliminate the need for annual non-discrimination testing. Not sure if your plan qualifies? Check … Continue reading

INFOGRAPHIC: HARNESSING THE POWER OF COMPOUND INTEREST

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As an employer that sponsors a 401(k) plan, encouraging your participants to make small changes in their spending habits can help them harness the power of compound interest! Download and save our infographic to service your participants by giving them … Continue reading

THE DREADED 401(K) REFUND: CORRECTIVE DISTRIBUTIONS

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  401K REFUNDS: NOT AS GOOD AS THEY SOUND With 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 … Continue reading

INFOGRAPHIC: MANAGING YOUR FIDUCIARY DUTY

Posted on by Jerome.Pfeffer

Keeping proper documentation is a good way for plan sponsors and fiduciaries to show compliance with applicable laws and regulations. If the Department of Labor (DOL) or Internal Revenue Service (IRS) knocks on your door, there are certain documents that … Continue reading

SHOULD WE HAVE A RETIREMENT PLAN COMMITTEE?

Posted on by Jerome.Pfeffer

  Should we have a retirement plan committee? If 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 … Continue reading

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