Is Your 401(k) Safe From a Banking System Collapse? And how can you protect it?
The failure of several banks and the ensuing market turmoil has put investors on edge in the past week. While regulators and the Biden administration have tried to quell the concerns of jittery American consumers, the ripple effects are continuing to rattle the economy and many questions remain.
How to Avoid 401(k) Theft in 2023
According to a Javelin 2019 survey, 14.4 million participants became victims of identity theft in 2018. Every plan sponsor should take care of this problem beforehand to avoid a serious risk to their plan participants.
Why Multi-Factor Stress Testing is so Powerful
The global financial market is inherently complex and dynamic, and it is susceptible to a wide range of risks, including geopolitical tensions, economic uncertainty, and natural disasters, among others.
Ways to Avoid Disclosure Violations
With the growing number of items that compliance teams must monitor, including both firm and representative disclosures, tracking regulatory compliance disclosures has become even more complicated than it used to be.
Participant Education is King
401K plans are perhaps the most popular retirement savings options for employees & employers in the United States. So it is imperative for plan advisors and sponsors to educate plan participants to avoid litigation and ensure compliance with ERISA, DOL, and other statutory regulations.
SECURE 2.0: Over-Rated or Game-Changing?
The SECURE 2.0 Act was signed by President Biden on December 29, 2022 as part of the Consolidated Appropriations Act (CAA) of 2023.