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2021 Retirement Plan Limits
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan has remained unchanged at $19,500.
Plan Documents… Save or Purge?
Many ERISA plan sponsors are unclear regarding a primary fiduciary responsibility concerning plan document retention (which and when documents may be purged). Most plan sponsors adopt an assumed “reasonable” amount of time to retain documents prior to purging them.
Defined Contribution Recordkeeper Consolidation Continues
Empower recently announced an agreement to acquire MassMutual’s retirement plan recordkeeping business. The acquisition is expected to capitalize on both firms’ experience and expertise to the benefit of retirement plan participants and plan sponsors.
Tony Powers Named to 2020 Financial Times 401 Top Retirement Advisors
KerberRose is pleased to announce Anthony (Tony) Powers, AIF/CFP/CRPS, has been named to the 2020 edition of the Financial Times 401 Top Retirement Advisers.
To Roth or not to Roth
Many Defined Contribution retirement plan participants are uncertain as to benefits of allocating their contributions to traditional vs Roth options. This is for good reason. There are two key major determiners as to the benefit of contribution to Roth…
Four Tips for Increasing Your Retirement Dollars
Four Tips for Increasing your Retirement Dollars.
Are You Hearing About Financial Wellness?
Employers have heard a lot about financial wellness. However, employers don’t always recognize the connection between financial wellness and improved retirement savings behavior as well as a more productive workforce overall.
Have you ever considered offering a Phased Retirement Program?
Phased retirement includes a range of flexible retirement approaches that would allow employees approaching normal retirement age the option to reduce the hours worked while phasing into complete retirement.