Wealth Services
Weekly Market Update
Stocks fell for a third straight week, as Fed Chair Jerome Powell's mixed but upbeat message could not offset the anxiety caused by the Middle East conflict.
April 22, 2024
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AREAS OF EXPERTISE
Retirement Plan Services
Help Participants Avoid These TDF Missteps
Target date funds (TDFs) have surged in popularity, reaching record assets of $3.5 trillion in 2023, with mutual funds slightly ahead of collective investment trusts. While TDFs offer advantages like simplified investing and automatic rebalancing, participants should understand potential pitfalls like mixing funds and changing risk preferences to maximize their benefits and avoid common missteps.
April 18, 2024
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Retirement Plan Services
The Resurgence of the Automatic IRA Act
A new bill, the Automatic IRA Act of 2024, has been introduced aiming to automatically enroll workers in retirement plans for companies with over ten employees, offering potential tax credits for small businesses. This proposal expands the private pension system, providing exemptions for some employers, and includes details on contributions, lifetime income, investments, and credits.
April 16, 2024
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Weekly Market Update
Stocks fell last week as investors sorted through conflicting inflation reports and assessed geopolitical tensions.
April 15, 2024
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Financial Literacy for Kids
4 Ways To Help Your Kids Develop Good Financial Habits
April 12, 2024
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Beyond Compliance: Make Every Comm Count
Effective retirement plan communications go beyond regulations, engaging and empowering participants to take control of their financial future. By breaking down information, using storytelling, personalizing messages, and timing them strategically, employers can help foster informed decision-making and foster greater participant engagement.
April 11, 2024
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Monthly Market and Economic Update | March 2024
Read about the latest insights on the market and economy from our Director of Investments, Bob Janson.
April 11, 2024
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Legal Alert: Agencies Release Final Regulations on Fixed Indemnity Insurance, Refrain from Addressing Level-Funded Plans
On March 29, 2024, the IRS, DOL and HHS (collectively, “the Agencies”) released final regulations implementing new notice requirements for group hospital or other fixed indemnity plans that begin on or after January 1, 2025. As discussed in more detail below, these final regulations differ from the proposed regulations released by the Agencies on July 12, 2023.
April 11, 2024
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Wealth Services
Weekly Market Update
Stocks dropped last week as investors focused on “what's next” for interest rates after mixed comments from multiple Fed officials.
April 8, 2024
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