Tag: Workplace Benefits

The Crucial Role of a 401(k) Plan Administrator in Retirement Planning

In the realm of retirement planning, the role of a 401(k) plan administrator is often underappreciated but fundamentally crucial. The administrator’s responsibilities involve a complex web of compliance, fiduciary duties, and participant support. Understanding the multifaceted role of a 401(k) plan administrator can help plan sponsors appreciate their indispensable contributions

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401(k) Auto-Enrollment Will Transform Retirement Landscape

In a bid to enhance retirement security for American workers, the SECURE 2.0 Act has introduced several significant changes to 401(k) plans, with auto-enrollment being one of the most notable. This new legislation builds on the foundations laid by the original SECURE Act of 2019, aiming to increase participation in retirement savings plans and ensure that more individuals are financially prepared for their retirement years.

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Value of a Retirement Plan Advisor

Some business owners fear they don’t have the time or expertise to manage a 401(k) plan for their employees. From decoding key ERISA regulations to keeping abreast of fees and providing educational support to workers, there are many responsibilities that sponsors bear. Partnering with a financial advisor can make a significant difference in managing and optimizing your retirement plans with more ease.

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