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Auto increase on the rise

Auto increase on the rise | 401k News for Plan Sponsors and Administrators | Scoop.it
Even as market uncertainty persists, employees using Bank of America Merrill Lynch s automatic 401(k) features are showing they want to stay the course. (RT @EBNmagazine: 71% of #retirement savers say "Yes, please!

Via Chuck Hammond, PPC, CMFC
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Plan participants are extremely supportive of auto enrollment and auto increase tools; younger participants are particularly interested.

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401k News for Plan Sponsors and Administrators
The latest news, regulations, and insights surrounding 401(k) Plans for plan sponsors and administrators
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Top 10 New Year’s resolutions for plan sponsors of retirement plans

A list of ten ideas plan sponsors can adopt to improve their retirement plans and lessen the burden during audit time.
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Retirement Benefits and Your Small Business

Retirement Benefits and Your Small Business | 401k News for Plan Sponsors and Administrators | Scoop.it
Retirement plans attract workers and inspire company loyalty. MarketWatch's Robert Powell talks with three small-business experts about the types of plans that business owners should consider and why the MyRA product may not be the best solution.
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4 ways to design 401k plans that connect with your employeesThe Wells Fargo News Blog

4 ways to design 401k plans that connect with your employeesThe Wells Fargo News Blog | 401k News for Plan Sponsors and Administrators | Scoop.it
Wells Fargo's Joe Ready explains how 401k plan sponsors and administrators can become go-to experts and make it easier for employees to save for retirement.
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PLANSPONSOR - More Employers Offering Overall Financial Help

An increasing number of employers are broadening the types of financial and retirement planning resources they offer employees.

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PLANSPONSOR - Phased Retirement Can Benefit Workers and Employers

PLANSPONSOR - Phased Retirement Can Benefit Workers and Employers | 401k News for Plan Sponsors and Administrators | Scoop.it

Several reasons have contributed to the growing idea that retirement may be a phase that stretches over several months or helps people prepare for a second act, says Kerry Hannon, careers expert at AARP and author of several books for job hunters, including “Great Jobs for Everyone 50+.”

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PLANSPONSOR - House Votes to Change ACA Definition of Full-Time Employee

PLANSPONSOR - House Votes to Change ACA Definition of Full-Time Employee | 401k News for Plan Sponsors and Administrators | Scoop.it

The U.S. House of Representatives has approved a measure that would change the Patient Protection and Affordable Care Act’s (ACA) definition of full-time worker.

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PLANSPONSOR - A New Way to Benchmark Retirement Plan Fees

PLANSPONSOR - A New Way to Benchmark Retirement Plan Fees | 401k News for Plan Sponsors and Administrators | Scoop.it

Most retirement plan sponsors are probably benchmarking plan fees to averages paid by similar plans in the industry.


Via Chuck Hammond, PPC, CMFC
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Illinois Introduces Automatic Retirement Savings Program, a First for the Nation

Illinois Introduces Automatic Retirement Savings Program, a First for the Nation | 401k News for Plan Sponsors and Administrators | Scoop.it
Starting in 2017, most state residents lacking a retirement plan at work will have money taken out of their paychecks and put toward an I.R.A.
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PLANSPONSOR - At Distribution Time, What Do Participants Do?

PLANSPONSOR - At Distribution Time, What Do Participants Do? | 401k News for Plan Sponsors and Administrators | Scoop.it

January 9, 2014 (PLANSPONSOR.com) –  Examining how participants decide to leave an employer’s plan after separating and when they begin taking distributions can help plan sponsors decide whether to use “to” or “through” target-date funds (TDFs).

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PLANSPONSOR - GAO Recommends Changes to Automatic Cash-Out Rules

PLANSPONSOR - GAO Recommends Changes to Automatic Cash-Out Rules | 401k News for Plan Sponsors and Administrators | Scoop.it

The Government Accountability Office (GAO) says its analysis of retirement plan account balances that have been automatically rolled into individual retirement accounts (IRAs) shows that because fees outpaced returns in most of the IRAs analyzed, these account balances tended to decrease over time.

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PLANADVISER.com - Participants Acknowledge Investing Ignorance

PLANADVISER.com - Participants Acknowledge Investing Ignorance | 401k News for Plan Sponsors and Administrators | Scoop.it
 Most employees participate when offered access to a defined contribution retirement plan, but a strong majority also cite worries and ignorance about tough investing topics. 
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Hatch presses small employers to offer 401(k)s

When it comes to robust retirement systems around the globe, the U.S. is ranked 19 of 150 different countries, and American business from lawmakers to employers and plan sponsors can learn from some of those international success stories.
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PLANADVISER.com - Solicitor General Argues for Reversal of Tibble Decision

PLANADVISER.com - Solicitor General Argues for Reversal of Tibble Decision | 401k News for Plan Sponsors and Administrators | Scoop.it
Dec 11, 2014 --- A brief submitted by the U.S. Solicitor General to the United States Supreme Court argues in favor of plaintiffs inTibble v. Edison International—a case that could have implications for retirement plan sponsors' ongoing duty to monitor investments. ---
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PLANADVISER.com - Council Asks DOL to Reconsider Open MEPs

PLANADVISER.com - Council Asks DOL to Reconsider Open MEPs | 401k News for Plan Sponsors and Administrators | Scoop.it
The 2014 ERISA Advisory Council made several recommendations to the Department of Labor (DOL) related to outsourcing employee benefit plan services. ---
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PLANSPONSOR - Regulations, Work Force Changes Challenge Plan Sponsors

PLANSPONSOR - Regulations, Work Force Changes Challenge Plan Sponsors | 401k News for Plan Sponsors and Administrators | Scoop.it

Retirement plan sponsors surveyed repeatedly expressed frustration with regulatory complexity and concern about greater worker mobility.

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Why Small Businesses Need Retirement Plans

Why Small Businesses Need Retirement Plans | 401k News for Plan Sponsors and Administrators | Scoop.it
With small businesses making up the majority of the workforce, it's no mystery why they need to sponsor retirement plans. Employees look to companies that offer retirement benefits, just after heal...
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Keeping Track of the Moving Parts in a 401k Plan

Keeping Track of the Moving Parts in a 401k Plan | 401k News for Plan Sponsors and Administrators | Scoop.it
Today I chat with Jon Baltes, CEO of QP Steno about how his web-based platform enables HR professionals, Financial Advisors and TPA's to be more transparent and accountable for the work that is being done related to a companies qualifed plan. Being able to keep track of the work being done by all providers is crucial is today's environment. Removing overlap, adjusting to participant needs and managing multilple providers can be easily documented by using QP Steno. Adding transparency and keeping track of fees and services is an ongoing battle, learn how QP Steno can make this task a on-line, documented process. QPSteno aggregates the activities of any CSP to a qualified retirement plan—advisers, broker/dealers, recordkeepers, mutual fund companies, third-party administrators (TPAs). Control is in the hands of the plan trustee, but service provider input is essential. It is similar to a time sheet tracking of time spent on certain activities.

Via Chuck Hammond, PPC, CMFC
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Provide your employees with company retirement plans to attract and retain the best talent - World News Report

Provide your employees with company retirement plans to attract and retain the best talent - World News Report | 401k News for Plan Sponsors and Administrators | Scoop.it
The most comprehensive geo-political news service available on the Internet, covering over 263 countries and regions, all U.S. States and Industries.
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Boomers grapple with retirement strategies

Boomers grapple with retirement strategies | 401k News for Plan Sponsors and Administrators | Scoop.it
Pittsburgh — – At 64 years old, Bob Mock has worked as a self-employed skating instructor for nearly 40 years, and he has no plans to slow down.
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PLANADVISER.com - Guided by the Stars

PLANADVISER.com - Guided by the Stars | 401k News for Plan Sponsors and Administrators | Scoop.it

The 2014 PLANADVISER Practice Benchmarking Survey, our eighth, provides you with detailed insight into the inner workings of 623 of your colleagues’ businesses, to help you expertly steer your own toward success.

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PLANSPONSOR - Retirement Plan Deferral Limit to Increase in 2015

October 23, 2014 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) announced cost of living adjustments affecting dollar limitations for retirement plans, as well as other retirement-related items for tax year 2015

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What The Best 401(k)s Have In Common - Forbes

What The Best 401(k)s Have In Common - Forbes | 401k News for Plan Sponsors and Administrators | Scoop.it
If you're a booster for 401(k) plans, most of the news from a recent Brightscope survey is good: More people are participating and socking away money. But if you look at the best plans out there -- then look at yours -- you may see some glaring gaps.
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PLANSPONSOR - A New Fiduciary Duty

PLANSPONSOR - A New Fiduciary Duty | 401k News for Plan Sponsors and Administrators | Scoop.it

With the aging of the Baby Boomers, as well as the growing reliance on 401(k) and 403(b) plans, the government is focusing on distributions from those plans.

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PLANSPONSOR - Tech Gets a Psych Assist to Drive Positive Behaviors

PLANSPONSOR - Tech Gets a Psych Assist to Drive Positive Behaviors | 401k News for Plan Sponsors and Administrators | Scoop.it

A decision and its consequences are often disconnected, says Warren Cormier, founder and president of Boston Research Group, in San Francisco. 

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How small business 401(k) plans will look in 10 years

How small business 401(k) plans will look in 10 years | 401k News for Plan Sponsors and Administrators | Scoop.it
By 2025, small business 401(k) plans will be cheap, simple to administer and free of conflicts of interest.
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