Retirement readiness may be one of the most talked about concepts in the retirement plan industry over the past few years, yet many employees are not taking action. So why is this concept, which we define as the degree to which a participant is on target for meeting and maintaining income goals throughout retirement, so important? Simply put, we know…
With all of the recent news about fiduciary liability stemming from the Supreme Court’s decision on Tibble vs. Edison International, it seemed prudent to discuss some of the common areas that plan fiduciaries need help with the most. Fulfilling fiduciary responsibilities is essential, as errors can have serious consequences for both the organization and the individual fiduciaries themselves. Not knowing…
More and more employees are turning to their company sponsored retirement plan as their primary source for retirement planning needs. Below are some leading edge ideas that retirement plan sponsors will be looking at implementing in 2015 in order to help create positive participant retirement outcomes. Stretch the employer match – This is a low cost/no cost way for employers…
New Rules of Retirement Planning from Park Capital Management