Just how important is a 401(k) match to your employees? It appears to be top of mind, according to Principal’s 2021 Retirement Security Survey, which shows top retirement plan considerations of survey participants. Check out this blog for more details about this survey’s key results.

There are many responsibilities plan sponsors possess, and some business owners even forgo offering a 401(k) to their employees, because they fear they don’t have the time or expertise to manage a plan. However, a good retirement plan is key to attracting top talent. Here are five reasons to consider bringing in an expert to manage your organization's retirement plan.

401(k) plans are intended to provide comparable advantages for all employees, and there are numerous safeguards in place to make sure their benefits are allocated equitably. To evaluate whether the plan is administered in an even-handed manner, the IRS conducts annual nondiscrimination tests. Read on to learn more about how safe harbor options can help you avoid the need for these tests.

Finding the perfect provider match for your retirement plan should be as easy as peanut butter and jelly.

Although not a pleasant topic, it is an important one – Who is the named beneficiary of your retirement account should you pass away?

The Supreme Court recently ruled on a case referred to as Hughes vs. Northwestern University. The question before the court was the plausibility of a breach of fiduciary duty claim stated by current and former participants in two university retirement plans.

The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 enables two or more businesses to form a pooled employer plan (PEP), regardless of whether they’re related by industry, location or other association. In essence, the act created a new type of multiple employer plan (MEP) which significantly expands access to tax-advantaged retirement accounts.

Although many employees are aware behaviors such as enrolling in and contributing sufficiently to their company 401(k) can help them prepare for a successful retirement, too often they fail to develop the necessary saving and investing habits. One reason for this may be the influence of emotions, biases and faulty heuristics on financial planning at the expense of more rational decision making.