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Friday, December 2, 2022

Last month the financial press has given a lot of attention to the rare phenomenon known as a “yield curve inversion”, where interest rates on short-term Treasury securities are higher than those available on longer-term...

Monday, November 14, 2022

Americans 65 years of age and older face a number of choices when it comes to Medicare healthcare coverage. We look at the top considerations.

Wednesday, November 2, 2022

The Internal Revenue Service has released new limits for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels.Individual Retirement...

Wednesday, November 2, 2022

There are a number of different life insurance products and features to consider when evaluating plans.Discussing the importance of owning life insurance can be a sensitive topic — after all, few people like to talk about death....

Thursday, October 27, 2022

ERISA consultants at the Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings...

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Friday, October 21, 2022

Tips and resources that everyone can use. Interested in finding ways to give back to your community during retirement? Joining AmeriCorps Seniors may be an option to consider. This extensive...

Friday, October 21, 2022

Select Plan Design Features Can Help Improve Outcomes for Lower-Income Workers.  Depending on the nature of your business and the varied experience, education and expertise required of your workforce, you may have a significant...

Friday, October 21, 2022

In the face of economic uncertainty, market volatility, geopolitical unrest and the ongoing COVID-19 pandemic, plan participants have continued to save for...

Friday, October 21, 2022

Q: We are considering a plan design change regarding loans. Are there any data that supports offering just one loan per participant versus offering multiple loan options? A: According to T. Rowe Price’s 2022 “Reference...

Friday, October 21, 2022

JANUARY Send payroll and employee census data to the plan’s recordkeeper for plan-year-end testing (calendar-year plans). Audit fourth quarter payroll and plan deposit dates to ensure compliance with the DOL’s...

Friday, October 21, 2022

One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute. — William Feather. Let’s face it – we were all fooled. In the middle of June, the S&P 500...

Tuesday, October 18, 2022

What are the odds that SECURE Act 2.0 will become law by the end of 2022? All things considered—good, that is, there is a high probability that the president will enact some form of retirement savings enhancement...

Friday, October 7, 2022

Your Body’s Clock Can Help You Maintain a Healthy Lifestyle.  Ever wonder why you feel out of whack some days? Maybe you lack an appetite for some reason, or feel like you’re just too tired to get out of bed in the...

Thursday, October 6, 2022

Your 401(k) Offers You Valuable Benefits You Just Can’t Find Anywhere Else.  In the midst of economic adversity, market volatility, geopolitical uncertainty and a host of other things (including a still-active pandemic, now in...

Thursday, October 6, 2022

Four ways interest Rate Hikes Can Affect Your Finances. Unless you live on another planet, you are fully aware of this thing called inflation — whether you’re at the grocery store, a gas station, buying clothes online, hiring...

Thursday, August 18, 2022

Becoming financially fit requires maintaining foundational elements, including a budget, emergency fund, strong credit score, and retirement savings.

Thursday, August 18, 2022

Whether you’re 23 or 35, it’s important to know whether you are saving enough for your retirement. There is no time like the present to ensure you are allocating enough funds to your retirement account...

Wednesday, July 20, 2022

If inflation continues to soar, you’re going to have to work like a dog just to live like one. -- George Gobel Stock markets around the world suffered double-digit losses in the second quarter 2022 thanks to a combination of...

Tuesday, July 19, 2022

ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement...

Monday, July 18, 2022

In the financial industry, the term “Investment Policy Statement” is used a lot – but what is an Investment Policy Statement (or IPS) and do you really need one? Definition of Investment Policy Statement (IPS)An...

Monday, July 18, 2022

Did you know that as a plan sponsor, you could be held personally liable for the poor investment and allocation decisions employees make inside their 401(k) plans? Don’t worry though – there is a provision inside ERISA...

Monday, July 18, 2022

When setting up a company retirement plan, selecting a 401(k) service provider is a fiduciary decision that requires due diligence and documentation. (Same is true when changing plan providers.) Also required is the ongoing...

Wednesday, July 13, 2022

If you haven’t done this in the last 3 years – you definitely should benchmark your 401(k) plan. There’s never a shortage of news surrounding the never-ending number of 401(k) plan lawsuits being filed. In some...

Wednesday, July 13, 2022

Every year, more and more companies are making the health of their employees a priority. Covid, attracting new employees, retaining existing employees are all reasons for the shift. Not to mention the studies that show companies that...

Tuesday, July 12, 2022

October Audit third-quarter payroll and plan deposit dates to ensure compliance with the DOL’s rules regarding timely deposit of participant contributions and loan repayments. Verify that employees who became eligible for the plan...

Tuesday, July 12, 2022

More employers are enhancing their retirement plan to compete for new employees — and keep the ones they have.Increasingly, plan sponsors are refreshing their workplace retirement plans to give employees both the opportunity to...

Monday, July 11, 2022

Q: More and more of our employees are asking about the potential to add cryptocurrency options to our retirement plan investment lineup. What is the current regulatory perspective on this?

Monday, July 11, 2022

When it comes to old 401(k) accounts, it pays to know your optionsLike most people, you’re likely to change jobs several times during your working life. And you’ll likely have a 401(k) account through your former employer...

Monday, July 11, 2022

Creating an estate plan is a key component of achieving financial wellnessMost people don’t spend too much time thinking about end-of-life planning on a daily basis. But you may have loved ones who will soon face those issues....

Monday, July 11, 2022

Looking to eat healthier? Look to these international influences for inspirationWe all look for healthier ways to eat from time to time, or just expand our food horizons. If you’re looking to shake things up a bit, consider...

Monday, July 11, 2022

Tips and resources that everyone can useKnowledge Is Retirement PowerMany people use the 4% rule to guide their retirement withdrawals once they stop working. The rule proposes that withdrawing 4% from a retirement fund in the first...

Friday, July 8, 2022

A recent survey showcases the increasing desire for in-plan ESG investment optionsA new survey offers some key insights into why plan sponsors may want to consider building an investment lineup to meet the growing demand for...

Monday, May 16, 2022

Monday, May 16, 2022

Thursday, May 12, 2022

The pandemic caused many people to work from home, and some companies do not plan to return to office-based work until this summer, if ever. While you may view this as a mixed blessing, you can capitalize on the situation to save money...

Thursday, May 12, 2022

Economic downturns and turbulent investment markets can make people nervous. Recognize these events as a normal, although undesirable, part of the economic and investment cycles. With that in mind, following are some tips for investors...

Friday, April 15, 2022

ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement...

Monday, April 11, 2022

The S&P 500 Index hit a new all-time high on January 3, and it was all downhill from there.  For the next seven weeks the downward pressure came from inflation and the expectation that the Fed would raise interest rates several...

Monday, April 11, 2022

When you first considered investing, it probably seemed like a good idea to focus heavily on what worked best for you from the beginning. If stocks from a particular company brought you high yields, why not double up on your original...

Thursday, April 7, 2022

A recent survey sheds light on the state of financial wellness since the pandemic.  According to the TIAA 2022 Financial Wellness Survey,  Americans currently define financial wellness as simply feeling comfortable with...

Thursday, April 7, 2022

A survey of fiduciary liability insurance carriers offers insights on prioritizing and managing fiduciary duties  In the spring of 2021, Aon Investments surveyed 12 top carriers for fiduciary liability insurance to better...

Wednesday, April 6, 2022

Roth options have become a common choice in many 401(k) plans, as well as 403(b) and 457 plans. The appeal with a Roth plan is the potential tax...

Wednesday, April 6, 2022

Your debt-to-income ratio (or DTI) measures your monthly debt payment against your monthly income (before taxes or before other deductions have...

Friday, April 1, 2022

Q: We are looking for ways to increase savings rates among new employees, at both lower and higher income levels. Should we focus on increasing our employer match, or setting a higher default rate?  A: Selecting a higher default...

Friday, April 1, 2022

July  Conduct a review of second quarter payroll and plan deposit dates to ensure compliance with the U.S. Department of Labor’s rules regarding timely deposit of participant contributions and loan repayments.  ...

Friday, April 1, 2022

Preventive care strategies to help you deal with healthcare expenses in retirement  According to the 2021 Fidelity Retiree Health Care Cost Estimate, an average retired couple age 65 may need approximately $300,000 saved (after...

Friday, April 1, 2022

Managing your blood pressure is a key component of a healthy heart   In 2021, the Centers for Disease Control and Prevention reported that nearly half of adults in the United States (47%) have hypertension, defined as a...

Monday, January 17, 2022

On the surface, world stock markets did well in the fourth quarter of 2021, although we do find some cause for concern as we dig deeper. In the U.S., the S&P 500 Index of large companies gained 11.03%, and while most other segments of...

Monday, January 17, 2022

“The only difference between death and taxes is that death doesn't get worse every time Congress meets.” - Will Rogers   Q4 2021 Market Highlights Most major indices were positive or only slightly negative S&P 500 +11...

Wednesday, January 12, 2022

You’re never too young to begin building an investment portfolio.  There’s a simple word that has profound implications for savings and investing: compounding. Like a snowball that grows as it rolls down a hill,...

Thursday, January 6, 2022

Market swings causing you some anxiety? These four money mantras can help you overcome it. 

Thursday, January 6, 2022

Looking to get more financially fit in 2022? AARP’s Money Map is a free program designed to help people regain control of their financial situation....

Thursday, January 6, 2022

Try these morning rituals to get your day off to the right start.  What’s your current morning routine? Maybe it goes something like this: mutter an expletive as the alarm goes off, begrudgingly pull yourself out of bed,...

Wednesday, January 5, 2022

“Bacon’s the best. Even the frying of bacon sounds like applause. Bacon bits are like the fairy dust of the food community.”         – Jim Gaffigan  Let’s face it:...

Monday, January 3, 2022

Nearly one-third of retirement plan recordkeepers expect to increase their cybersecurity staff, according to a recent survey.  According to findings in the latest Cerulli Edge U.S. Retirement Edition, the threat of...

Monday, January 3, 2022

A recent survey of retirement plan participants shines a light on their positive perspectives — which can help inform plan changes you may be considering.  Released in October of 2021, American Century’s 9th...

Monday, January 3, 2022

Q: We are considering adding a financial wellness program as part of our retirement plan benefit program. Unfortunately, there isn’t a lot in the budget to work with right now. Any ideas on how we might approach it? ...

Monday, January 3, 2022

April  If a plan audit is required in connection with the Form 5500, make arrangements with an independent accountant/auditor for the audit to be completed before the Form 5500 due date (calendar-year plans).  Audit...

Monday, October 4, 2021

T.S. Eliot: “April is the cruelest month.” September: “Hold my beer.” Q3 2021 Market Highlights Most major indices were negative or only slightly positive S&P 500 +0.58% Russell 2000 -4.36% MSCI EAFE $US -0.45%...

Monday, October 4, 2021

Stock investing spawns a curious behavior – people get enthusiastic when they have to pay more for the product and get skittish when the opportunity arises for them to purchase shares at a reduced price...

Monday, October 4, 2021

Retirement plan sponsors have incredibly important responsibilities to their plan participants—and even sponsors who rely on third-party administrators (TPAs) to administer their plans maintain this fiduciary duty. What should...

Monday, October 4, 2021

If you manage retirement plans for employees and companies, you already know how important it is for your plan communications to be accurate and precise. Unfortunately, the level of precision needed in these communications makes it...

Friday, October 1, 2021

A recent survey confirms that there is no single path to retirement Franklin Templeton’s June 2021 “Voice of the American Worker” survey confirms that retirement today feels “less cookie cutter than it used to...

Friday, October 1, 2021

January Send payroll and employee census data to the plan’s recordkeeper for plan-year-end testing (calendar-year plans). Audit fourth quarter payroll and plan deposit dates to ensure compliance with the DOL’s rules...

Friday, October 1, 2021

Q: Our plan committee has worked hard this year to maintain a consistent system of checks and balances with regard to plan compliance. Are there any items in particular we should prioritize in terms of staying compliant with our...

Friday, October 1, 2021

New research reveals Americans have a significant knowledge gap regarding Social Security benefits. According to a recent survey1, more than half of Americans express confidence that they know exactly how to optimize their Social...

Friday, October 1, 2021

Master these Social Security lessons to get a more realistic view of your retirement. According to Nationwide’s 8th Annual Social Security Consumer Survey, more than half of Americans express confidence that they know exactly how...

Friday, October 1, 2021

Knowing the different types of investment risk can help you cope with market volatility. When was the last time you checked your retirement plan balance? If your balance was less than it was the last time you checked, you probably felt...

Friday, October 1, 2021

Follow these three tips to help reach a state of happiness on a daily basis. Do you find that happiness is hard to come by on some days? With all the challenges of the past year, it’s sometimes just easier to find imperfections...

Friday, October 1, 2021

Tips and resources that everyone can use Knowledge Is Retirement Power On August 14, 1935, President Franklin Roosevelt signed the Social Security Act. Eight-five years later, Social Security remains one of our country’s most...

Wednesday, September 29, 2021

If you're part of the one in three Americans who are uninsured or don't have access to an employer-sponsored healthcare plan, the Affordable Care Act (ACA) may be able to help. The ACA allows you to buy health insurance on a public...

Wednesday, September 29, 2021

As Americans age, many of us are coming face-to-face with friends and family members who need long-term care (LTC). And, as we watch others grapple with the emotional and financial consequences of a long-term care event, we can’t...

Wednesday, September 29, 2021

Retirement and financial planning should take on a holistic approach. There are two parts involved, preparing for retirement, and being in retirement stages. Both stages are equally important in your approach to how you view your mind,...

Thursday, August 26, 2021

If your 65th birthday is coming up—or if you're receiving Social Security Disability payments and are about to qualify for Medicare before age 65—you may be wondering exactly what comes next.1 Below, we discuss some...

Wednesday, August 18, 2021

Although women have made great strides over the past few decades, they've also been disproportionately negatively impacted by the COVID-19 pandemic. With schools and daycare centers closed, millions of women have been forced out of the...

Wednesday, August 18, 2021

For many who are decades away from leaving the workforce, retirement may seem like an abstract concept. But once you've entered your late fifties—like the youngest Baby Boomers, turning 57 in 2021—retirement may begin to...

Wednesday, August 18, 2021

According to recent research from the University of Washington, it might be possible for humans to experience a lifespan of 125 to 130 years by the end of the 21st century.1 While this is great news for those who hope to see five or...

Wednesday, July 28, 2021

Implementing a 401(k) plan for your employees is good business. It means you're thinking strategically, that you care for your employees, and are focused on the long-term health of your company. Implementing a retirement plan: Can help...

Tuesday, July 20, 2021

LPL Research Midyear Outlook 2021: Picking Up Speed is designed to help you navigate the risks and opportunities over the rest of 2021 and beyond. While the speed can be exhilarating as economic growth accelerates, it can also be...

Tuesday, July 13, 2021

Back in February and March 2020, when the magnitude of the COVID-19 pandemic was first being fully recognized and the economy went into a shutdown, the U.S. stock market lost approximately one-third of its value in just five weeks....

Monday, July 12, 2021

All major indices were positive S&P 500 +8.55% Russell 2000 +4.29% MSCI EAFE +5.17% MSCI Emerging Markets +5.05% Barclays US Aggregate Bond +1.83% Barclays High Yield Corporate +2.74% Bloomberg Commodities +13.30% Dow Jones US Select...

Thursday, July 8, 2021

October Audit third quarter payroll and plan deposit dates to ensure compliance with the DOL’s rules regarding timely deposit of participant contributions and loan repayments. Verify that employees who became eligible for the...

Wednesday, July 7, 2021

Q: We always meant to automate our plan audit files, but somehow we didn’t get around to it. When the pandemic hit, we had to send the information via email, and it looks like we will have to do so again. What do we need to know...

Wednesday, July 7, 2021

More than a year after the start of the pandemic, you may be pleased with the overall growth of the assets in your company’s retirement plan. After all, more assets generally mean better prospects for retirement security for your...

Wednesday, July 7, 2021

Here Are Some Emerging from 2020 On the surface, retirement readiness did not suffer significantly in 2020, according to a close examination of the 1.1 million participants in 1,076 plans reviewed for a recent white paper. Of course,...

Wednesday, July 7, 2021

Knowledge Is Retirement PowerFollowers of the Financial Independence Retire Early (FIRE) movement strive for complete financial freedom — earning and investing enough income to stop working for a paycheck in their thirties or...

Wednesday, July 7, 2021

A fresh approach to spending can help put some sizzle in your retirement savings Despite all the budgeting and cash flow tracking apps available, many people still struggle to manage their spending habitson a daily basis. What if there...

Wednesday, July 7, 2021

If you spend any time online, you’ve probably been the target of a phishing attack. This is when a scammer pretends to be from a reputable company to get you to reveal personal information they can use for their own gain. They do...

Wednesday, July 7, 2021

Perform this five-point inspection to help keep your retirement plan’s motor running smoothly Just like with a car, it’s a good idea to perform some annual maintenance on your retirement plan. Here’s a five-point...

Thursday, June 24, 2021

Corporate wellness programs have been key tools in improving productivity, employee retention, and creating a more desirable corporate culture. While many companies have put a strong focus on physical wellness plans, many are just...

Thursday, June 24, 2021

In general, workers seem to begin preparing for retirement almost as soon as they get their first job. However, according to the 2021 Retirement Confidence Survey by the Employee Benefit Research Institute (EBRI), retirement...

Thursday, June 24, 2021

Despite the economic shock of the coronavirus pandemic, American workers and retirees remain largely optimistic about their financial prospects for retirement. In its annual Retirement Confidence Survey conducted in January 2021, the...

Wednesday, May 26, 2021

Cyber crime is a growing problem for businesses across industry lines. Complaints of internet crimes reported to the FBI in 2020 totaled 791,790, an increase of 69.4 percent over 2019 numbers.[i] Cybercriminals often focus their...

Tuesday, April 27, 2021

Tips and resources that everyone can use Knowledge is retirement power According to the latest Fidelity Retiree Health Care Cost Estimate (2020), an average retired couple age 65 may need approximately $295,000 saved (after tax) to...

Tuesday, April 27, 2021

Thinking of retiring early? Here’s what you need to know When you get to a certain age, you may find yourself daydreaming about retiring early, or at least before the “traditional” age of 65. It’s only...

Tuesday, April 27, 2021

Help sustain the environment with these practical money-saving tips Here are some easy ways to protect the environment and improve your budget at the same time. Wash your clothes in cold water. They get just as clean, but without the...

Tuesday, April 27, 2021

Cultivating a realistic budget can help you harvest a better financial future Spring is here and it’s time to think about growth potential—for both your garden and your journey toward financial wellness! The following steps...

Tuesday, April 27, 2021

July Conduct a review of second quarter payroll and plan deposit dates to ensure compliance with the U.S. Department of Labor’s rules regarding timely deposit of participant contributions and loan repayments. Verify that...

Tuesday, April 27, 2021

Q: Our business was hanging on in spite of COVID-19, but then our area was hit by wildfires. Can employees who participate in our 401(k) plan take money out of their accounts under the COVID relief provisions? A: No, but there may be...

Tuesday, April 27, 2021

Let’s play a little fill-in-the-blank game. Complete the following sentence: Those poor (Millennials, GenXers, Boomers)! They really got the short end of the retirement stick, especially in light of the pandemic. Which is the...

Tuesday, April 27, 2021

Do you feel like you spent the last year gripping the steering wheel and waiting to see what would happen? You aren’t alone. Still, as we collectively look ahead and the chaos wanes, bits of good news are emerging. In the...

Tuesday, March 2, 2021

Retirement plan sponsors, trustees, plan administrators, and members of plans’ investment committees are held to a fiduciary standard under the Employee Retirement Income Security Act of 1974 (ERISA.) This standard requires them...

Thursday, January 14, 2021

Lifetime income (LTI) strategies, such as target income payout funds or annuities within company-sponsored retirement plans, are designed to help investors plan for and manage their accumulated wealth after retirement. However, these...

Thursday, January 14, 2021

The beginning of the year is often a busy time for retirement plan sponsors, especially in smaller organizations where the company’s retirement plan committee members are tasked with sales and operational matters which may seem...

Tuesday, January 12, 2021

2021 Policies Update and the Markets In this week’s Market Signals podcast and video, LPL Research talks about 2021 policy updates and the possibilities of higher taxes and more regulation, more stimulus, higher Treasury yields,...

Tuesday, January 5, 2021

Market Blog View enlarged table. US and International Equities The S&P 500 Index, Dow Jones Industrial, and Nasdaq Composite indexes, continued their November run in December. As noted last month, November was a record-breaking month...

Tuesday, January 5, 2021

After months of intense debate, the House and Senate voted to pass a second COVID-19 economic stimulus bill and the President has signed it into law.1 At a total cost of $900 billion, this 5,600-page bill[1] contains everything from...

Wednesday, December 30, 2020

Solid holiday shopping season. Holiday sales grew 3%, beating forecasts for a 2.4% increase according to MasterCard’s SpendingPulse. Online sales rose 49% year over year. These results were impressive for a recessionary...

Thursday, December 24, 2020

April If a plan audit is required in connection with the Form 5500, make arrangements with an independent accountant/auditor for the audit to be completed before the Form 5500 due date (calendar-year plans). Audit first quarter payroll...

Thursday, December 24, 2020

Q: The ups and downs in the stock market have made some of our 401(k) plan participants very nervous, to the point that some have moved their entire accounts into money market funds. Is that a good strategy for retirement savings? A:...

Thursday, December 24, 2020

Life involves risk. One of them is retirement, and whether the money we save to fund it will last. Do your employees understand their risk, and actions they can take now to manage it? A recent survey found that retirement security may...

Thursday, December 24, 2020

One year ago, there was already troubling news about how little Americans had saved for retirement. Then the pandemic descended, multiplying those concerns. Local and national governments attempted to help with the immediate needs of...

Thursday, December 24, 2020

Tips and resources that everyone can use Knowledge is retirement power For 2021, the Social Security Administration (SSA) is paying out a Cost-of-Living Adjustment (COLA) of 1.3%. This amounts to about $20 more a month in benefits for...

Thursday, December 24, 2020

Celebrate American Heart Month by embracing more fiber in your diet According to the National Institutes of Health, most people consume less than half of the recommended amounts of fiber, despite the health benefits that come with it....

Thursday, December 24, 2020

During these uncertain times, 529 plans may make more sense than ever For many people, a 529 savings plan offers an opportunity to achieve an important life goal and improve overall financial health. As college and university...

Thursday, December 24, 2020

Seven age milestones that will impact your retirement planning As you travel the savings road toward retirement and beyond, certain key dates will pop up. Some of these dates are critically important to your retirement planning efforts...

Tuesday, December 15, 2020

Back in July, we wrote in our July 23 LPL Research blog that dollar weakness may continue, highlighting a short-term bearish technical case for the US dollar. Since then, the Bloomberg US Dollar Index and the US Dollar Index (DXY) are...

Tuesday, December 8, 2020

2020 has been a tumultuous year, and as we near its close, we are pleased to present Outlook 2021: Powering Forward, which outlines our views on markets, the economy, and policy into 2021 and beyond. Click Here to Download the PDF

Monday, December 7, 2020

The COVID-19 pandemic put quite a crimp on large parties or even smaller gatherings in close quarters, and now, holiday gatherings and events are likely to look very different in 2020. But different doesn't necessarily mean bad, and...

Wednesday, December 2, 2020

Market Blog What a month November was! Here are some of the highlights: Best month for Dow since January 1987 (11.9%) and best November since 1928 Best month ever for the STOXX 600 (16.7%) Best month ever for the Russell 2000 (18.3%)...

Wednesday, November 18, 2020

The holiday season is just a short time away, which means the shopping season is about to be in full swing. Shopping for holiday gifts is stressful but also a little fun, especially when you think about the joy you will bring to those...