Lately we have fielded many questions related to 401(k) auto-enrollment. Plan sponsors seem split on the idea of being paternalistic or letting participants decide for themselves whether to take advantage of their full suite of employee benefits. Although the adoption …
Qualified retirement plans, such as 401(k), 403(b), or 457(b) plans, may offer plan loan features, providing participants the ability to borrow from their account balance. As an employer, it is your choice to offer this option. If your plan does …
Offering a 401(k) plan makes it easy for employees to save for retirement but adds administrative and compliance burdens to the employer. One approach to simplify the administrative burden is to implement or switch to a safe harbor plan. What …
