A sample plan amendment to suspend safe harbor non-elective contributions was released by ftwilliam.com, a plan document, government forms, and administration software provider.
Tag: Plan design
Boost Participation in 401(k) Plans To Avoid The Dreaded "Rebate" Check For Highly Compensated Employees
Seems as though lately everyone wants to 'fix' the 401(k), but a new whitepaper suggests a different take.
A survey by the International Foundation of Employee Benefit Plans (IFEBP) found defined contribution sponsors are making plan changes in the face of the economic downturn.
Goldman Sachs Asset Management (GSAM) launched a retirement plan analysis tool to help financial advisers determine the right fund line-ups for retirement plans.
For the first time, the majority of Fortune 100 companies now offer new salaried employees only a defined contribution (DC) plan, such as a 401(k), according to a Watson Wyatt.
Aon Consulting found that many companies with frozen pensions intend to make investment strategy changes to cut corporate pension expense volatility and put themselves one step closer to plan termination.
Several years ago, I bought my Dad—one of the world’s most proficient worriers—a copy of the “Worst Case Scenario Survival Handbook.″
Despite generally acknowledging the importance of retirement plans, almost 40% of responding small-business employers do not offer one, according to a survey by SunTrust Bank.
Apparently workers aren’t the only ones worried about retirement.
Despite the tumultuous environment, most plan sponsors seem to be committed to staying the course, at least for now.
A Hewitt Associates study found plan sponsors could save as much as $25 million by cutting the 401(k) match, but it could also hurt participants' savings.
Just more than a third of U.S. employers responding to a recent survey said they have cut back or cut out their defined contribution plan match since January 2008.
Plan sponsors and employees see some retirement concerns differently—including access to financial advice, a new study by MetLife suggested.
Contributions to 401(k) plans went up nearly 1% since 1988, according to the Employee Benefit Research Institute (EBRI).
A new survey by two workplace benefits groups found 74% of participating firms haven’t changed their 401(k) match.
A survey published this past week by Fidelity noted that workers cited health insurance, retirement savings plan matching contributions, and dental insurance as the three most important benefits, with health insurance ranking as No. 1.
Advisers can help plan sponsors determine whether cutting the employer match contribution is necessary—and also help communicate changes to participants.
A couple of months ago, I started getting e-mails from readers curious about the announcements of plans reducing and/or suspending their matching contributions.
Many companies are looking for ways to lower the costs of their retirement benefits while still encouraging their workers to invest wisely for retirement, according to a survey by Hewitt Associates.