Category Archives: Retirement Plans

A Vanguard published report found that the average participant deferral rate matched the historic high of 7.4% in 2023. When combined with employer contributions, the average participant’s savings rate kept pace with the all-time high of 11.7%, reached in 2022. … Continue reading →

For about a 25-year run, mutual funds dominated the 401(k) market, but signs are changing. A recent Cerulli report indicates CITs (Collective Investment Trusts) are currently on pace to overtake mutual funds as the most popular target-date vehicle in 2024, … Continue reading →

The best retirement plan committees I’ve seen are dedicated to the process. That means regularly scheduled meetings, a documented record, and adherence to board policies. I will always say that having no committee is better than having a committee that … Continue reading →

When you start fixing up the house (for me, a never-ending battle) and replacing appliances or items like the front door or the roof, you realize that the replacements are more energy-efficient. Replacing that old refrigerator or that washing machine … Continue reading →

I probably have drafted and amended thousands of plans over the years and every plan has its little quirks. When it comes to plan design, I have always believed that some of the bundled providers have it wrong. There is … Continue reading →

I have been practicing in the employee benefits world for almost 26 years and the beauty of it is that you learn something new every day. The laws and regulations change, attitudes change, and the business is constantly in a … Continue reading →

The reason I charge $100 a person (or usually $50 a person if they bring multiple people) to my live events is rather simple. It’s not about drawing money. I want to guarantee attendance. I’ve been to too many events … Continue reading →

As I mentioned elsewhere, I took my daughter on a day trip to FanExpo Boston to meet her favorite actor, Mads Mikkelsen, and other stars including Marisa Tomei and Vincent D’Onofrio (boy did I love him on Law & Order: … Continue reading →

According to a survey by Principal, 59% of employees who are not contributing to their 401k or other workplace plan believe they are. Another 77% think they began saving after becoming eligible to contribute. These are incredible results and show … Continue reading →

I have seen so much organization dysfunction in my life and it probably dates back to some of the organizations I was a part of, as a college student at Stony Brook. When you’re 18 to 22, you don’t have … Continue reading →