Years after it was requested, the Department of Labor has issued guidelines on how plan sponsors can avoid issues with lost or missing plan participants. Last month, January 2021, the department issued the guidance, including ways employers can track down missing or...
If you are in the so-called “sandwich generation,” you have likely been smushed between caring for young children and aging parents during the COVID-19 pandemic. So, what does that mean? The “sandwich generation” is defined as people – sometimes millennials, sometimes...
If you have a retirement plan, you might have heard about the new 401(k) investment limits for 2021. It’s true: More change is coming for 401(k) investment limits in the new year and you need to be informed. Every year, the Internal Revenue Service reviews 401(k)...
The Setting Every Community Up for Retirement Enhancement (or SECURE) Act did many things – namely, it expanded retirement plan coverage for part-time, long-term employees. What does this mean for retirement plan coverage? Under the SECURE Act, part-time employees who...
The COVID-19 pandemic has impacted every aspect of our lives and retirement savings has not been spared. Our health, our finances, our jobs and our lifestyle have been impacted by the pandemic in a myriad of ways. So how will it impact you? Here are some things to...
As the pandemic wears on, more and more people are having to dip into retirement accounts to make ends meet. According to a recent data, about 22% of Americans are having to borrow money from accounts this year. According to American Consumer Credit Counseling, is...
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