Have you ever wondered how to set-up a college savings account for your child’s future? Do you even know where to go to set-up a college savings account for your child’s future? Setting up a college savings account, also referred to as a 529 College Savings Account, is the foundation to building your child’s future.…
When it comes to company retirement plans, not all plans are the same. Although some advisers prefer to use a cookie-cutter approach to setting up retirement plans, each plan has the ability to establish its own guidelines. Some plans might allow participants to take loans out, some plans allow new employees to rollover their old…
As the plan sponsor, you need to be aware of your fiduciary responsibilities when it comes to your company retirement plan. Doing what’s in the best interest of your employees includes things like eliminating conflicts of interest, providing a plan that has a diverse selection of investments, monitoring all of the service providers involved with…
Providing company benefits is a must in many industries. Employees of today are more concerned than ever that they will have good company benefits to go along with a good company salary. One way for you to do this is to offer sound financial education and coaching for your employees. Putting your company 401k out…
Why not minimize the effort your organization puts into non-revenue generating activities. Specifically I’m talking about your 401k. With technology the way it is today, you can automate your 401k, integrate it with your payroll services so that your organization has almost no administrative burden. The Time and effort that used to go into administering…
Automatic plan enrollment has proven to be one of the most, if not the most, effective tool towards improving the overall strength of a company retirement plan. Being that it is normally free to set-up, and once in place it is completely automated, it also makes the most sense. Companies everywhere are looking for ways…
In today’s 401k world, the focus is on integration and automation. With that being said, how does integration and automation actually affect your business, and should you even consider it as an improvement? It’s our opinion at The 401k Source, that automation and integration of your 401k is a necessity. This is especially critical for…