Six New Year’s Resolutions 401k Plan Sponsors Should Make

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 

By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC

I hope that 2016 was a great year for you and that 2017 will be even better!

A few changes can make your good 401k plan into a great one. To help your 401k plan achieve greatness, consider making the following 401k plan improvements by year-end: [Read more…]

Top 10 401k Trends For 2017

Facebooktwittergoogle_plusredditpinterestlinkedinmail

PSI Newsletter and Website Header 10.2.15

By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC

Competition for qualified employees is becoming intense. As a result, firms that you compete with for talent will be buffing up their benefits packages in 2017. Listed below are the changes that leading-edge employers will make to their 401k plans as a result of the most important 2017 401k trends. Although these 2017 401k trends are numbered, they are not shown in order of importance – all of these items are equally important. [Read more…]

Roth 401k, Pre-Tax 401k, Or Both?

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 
PSI Newsletter and Website Header 10.2.15

 By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC

401k plan participants often wonder whether they should contribute their hard-earned money to a Roth 401k or a pre-tax 401k account. Depending on their age and tax bracket, the answer may be both!

Many 401k plan participants have the option of making pre-tax 401k contributions and Roth 401k after-tax contributions. Roth 401k contributions (along with all accumulated earnings) can be withdrawn tax-free if distributed due to a qualifying event from a Roth 401k account that has been in existence for at least five years.

Pre-tax 401k contributions (and the associated earnings) are taxable when removed from a 401k plan. I have found that 401k participants are generally unclear on how they should choose between these two options. Following are some thoughts. [Read more…]

What Plan Sponsors Need To Do NOW In Response To 401k Money Market Fund Rules

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 
PSI Newsletter and Website Header 10.2.15

 By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC

The large mutual fund families are doing everything possible to keep you from moving your 401k money market investments away. BlackRock, Federated, Fidelity and Vanguard have all announced changes to their money market fund offerings which they hope will allow them to retain existing 401k money market balances. These changes are in response to the Securities and Exchange Commission (SEC) 401k money market fund reform rules outlined below. [Read more…]

401k Plan Design Best Practices

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 
PSI Newsletter and Website Header 10.2.15

By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC

The 401k world is changing — fast. Has your plan kept pace? Is the design of your plan still market competitive? Leading-edge plans adhere to the following 401k plan design best practices: [Read more…]

401k Investment Menu Best Practices

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 
PSI Newsletter and Website Header 10.2.15

By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC

How does your 401k investment menu compare to the marketplace? Do you have too many investment options or too few? Are you taking advantage of all the safe harbor options available to you? In this low return, low-interest rate environment there is a new set of best practices to use for 401k investment menu construction that includes: [Read more…]

Four Scary Retirement Statistics

Facebooktwittergoogle_plusredditpinterestlinkedinmail


PSI Newsletter and Website Header 10.2.15 
By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC

Recently ThinkAdvisor shared some scary retirement statistics from a report by the National Association of Government Defined Contribution Administrators, Inc. (NAGDCA). These retirement statistics paint an alarming picture of most American’s state of retirement readiness. I have shared four of the more troubling retirement statistics below, and then outlined four quick, low-cost solutions you can implement to help your employees. [Read more…]

Should Your 401k Plan Offer ESG Investment Options?

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 
PSI Newsletter and Website Header 10.2.15By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC

At the very least, your Investment Committee should have a discussion about the topic. Here’s why. [Read more…]

Should 401k Plan Sponsors Worry About The Roth Promise?

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 
PSI Newsletter and Website Header 10.2.15

By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC

Whenever I talk with 401k plan sponsors or participants about making Roth 401k contributions, at least half of them tell me they would never do it. They all cite the same reason. They don’t trust the federal government to keep its Roth 401k promise to allow tax-free distribution of Roth balances. I think they are wrong — not about trusting Uncle Sam, but about whether the government will keep its Roth 401k promise. [Read more…]

Five 401k Plan Improvements You Should Make This Year

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 
PSI Newsletter and Website Header 10.2.15By Robert C. Lawton, AIF, CRPS, President, Lawton Retirement Plan Consultants, LLC

Welcome to 2016! I hope you had a joyous and restful holiday season. Now it’s back to work!

I believe that every plan sponsor should resolve to consider making the following 2016 401k improvements to their plan: [Read more…]