Top 10 401k Trends For 2017

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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…]

401k Plan Design Best Practices

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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…]

Four Scary Retirement Statistics

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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…]

Five 401k Plan Improvements You Should Make This Year

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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…]

Top Ten 401k Plan Trends

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

What will those progressive plan sponsors who wish to maintain leading edge 401k plans be doing in 2016? Read on below to learn the top ten 401k trends for 2016. [Read more…]

Top Five 401k Plan Trends For 2015

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

What will those progressive plan sponsors who wish to maintain leading edge retirement plans be doing in 2015? Read on below to learn the top five 401k plan trends for 2015. [Read more…]

Best 401k Plans Have These Six Features

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

Each year Brightscope, an independent financial information company that aggregates retirement plan data, releases a list of what it believes are the best 401k plans. Following are the six plan features that Brightscope says result in a 401k plan receiving a high ranking, along with my comments on each feature. [Read more…]

Retirement Readiness: Employee Responsibilities

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

Employee retirement readiness has been described as the efforts an employer makes with their retirement program to give employees the opportunity to fund and structure the retirement they desire. Both the employer and its employees have certain responsibilities to fulfill in order for employees to achieve retirement readiness. Following is a list of employee retirement readiness responsibilities. [Read more…]

Retirement Readiness: Employer Responsibilities

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

The media often use the term “Retirement Readiness” to describe whether retirement plan participants will be properly prepared for retirement at the end of their careers. There is no assurance that any 401k plan can place participants where they need to be when they wish to retire. Participation in these plans is voluntary, contribution levels are discretionary and investment management is the responsibility of the participant.

Both the employer and the employees share responsibility for preparing employees for retirement. Employer retirement readiness responsibilities include suggesting a way of participating and providing the tools participants need to construct a path to retirement that works for them. The following items are generally thought to be employer retirement readiness responsibilities: [Read more…]

Five Ways To Improve 401k Plans

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

Quite a few retirement plan experts have recently said that 401k retirement plans have been a huge mistake for most Americans. As evidence, they point to many studies that have been published which show that none of us are saving anything near what is necessary to fund our retirements. How can our 401k plans be improved so that there is a better chance we are able to retire and receive reasonable benefits someday? Following is a list of my suggested 401k improvements: [Read more…]