Adding Cryptocurrency to your 401(k) Plan: Risks and Best Practices
Cryptocurrencies still garner a lot of attention in the investment world, and despite remaining high-risk they are amongst the asset options for retirement plan diversification.
1. Personalize Your Account
Before you start using the software – we recommend that you alter your settings first. This way once you make the changes to your account they are saved and you...Read More
Rise in Retirement Plan Excessive Fee Litigations
The number of lawsuits involving 401(k) plans has increased significantly in recent years, peaking in 2020. The number of ERISA lawsuits in 2020 saw an 80% increase compared to 2019.
What 401k Plan Sponsors Need to Know About the Investment Policy Statement
An Investment Policy Statement is a document signed between a portfolio manager and a client that describes general rules, restrictions, and investment structures for the management.
Does your Retirement Plan have Automatic Enrollment?
According to a recent study “Automatic enrollment: The Power of the Default” by Jeffrey W. Clark and Jean A. Young from Vanguard, automatic enrollment not only triples the participation rate of new workers but also causes a significant proportion to raise their deferral rates over time.
Emergency Savings Accounts: a New Initiative Induced by the Current Economic Situation
Emergency savings accounts are expected to boost plan sponsors’ retirement plans. A number of major record keepers are counting on this new feature to help ease the economic uncertainty faced by employees.