What you need to know about the SECURE Act for part-time and seasonal employees

Ensure your employee retirement plan complies with the SECURE Act The SECURE Act (Setting Every Community Up for Retirement Enhancement) requires that part-time and seasonal employees be eligible to contribute to their employer-sponsored 401(k) plan. Depending on which plan design option the employer chooses, part-time and seasonal employees are eligible if they: Work 1,000 hours… Read more »

The more things change, the more they stay the same

Change is everywhere. Gallup reports the number of people working at home has at least doubled, probably tripled. Microsoft, Google, and other employers are just a few of those embracing the change. People anticipate higher office vacancy rates, less business travel, higher spending on home remote office equipment. What will K-12 and higher education look… Read more »

Is Your 401(k) Plan Through a Group Annuity? Consider an Employer Association Instead

An employer association offers high-quality 401(k) benefits at cost Good employees deserve great benefits—especially in today’s unsettled environment. And offering a rich employee benefits package is one of the best ways to attract and retain quality employees. But for small and medium-sized companies, finding high-quality, affordable benefits can be difficult. It seems like the best… Read more »

How Your Small or Medium Sized Business Can Provide Better Benefits and Attract Better Employees

If you are part of a small or medium-sized business, you know how challenging it is to provide and administer a comprehensive best-in-class benefits program to your employees. The employer member association turns the challenge into an opportunity to offer great benefits to your employees, reduce cost and liability, and improve employee retention! If you… Read more »

Does your 401K Plan meet ERISA requirements? You might be betting your house on it…

The Employee Retirement Income Security Act (ERISA) sets standards of conduct for fiduciaries who participate in the management of a 401K Plan and its assets. Failure to fulfill fiduciary responsibility could result in personal liability for restoring any losses to the plan or any profits made through improper use of the plan’s assets resulting from… Read more »

Saving for retirement, why does it have to be so hard? It just doesn’t make sense…

Why are retirement savings and plans that are so important to so many people, so hard to find? Retirement savings and plans are highly valued. The MetLife 2018 Benefit Trends Survey found “saving for retirement is a priority for me” (74%), employees want more retirement options from their employer (70%), employees would be willing to… Read more »