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

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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…]

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…]

Should 401k Plan Sponsors Worry About The Roth Promise?

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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…]

Seven Signs Of A Successful 401k

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

For more than 30 years I have helped plan sponsors create successful 401k plans. During that time I have noticed that a successful 401k plan appears to possess the following seven attributes: [Read more…]

Hottest 401k Plan Enhancement For Your Executives

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

Whether you sponsor a large or small 401k plan, the addition of a Roth in-plan conversion feature may be viewed by your executives as an important tax planning tool. A major benefit of Roth accounts is that vested balances residing in the accounts for five or more years may be withdrawn tax-free (contributions and earnings) when a distributable event occurs.

A Roth in-plan conversion option is a unique tax planning tool. Roth 401k accounts are the only investments I can think of where the investor has control over when an investment is taxed, without actually having to liquidate the investment! Normally, taxation on an investment is triggered when it is sold, not re-characterized into a different account or form. Consider these other reasons to offer a Roth in-plan conversion feature in your 401k plan: [Read more…]

Top Five 401k Plan Trends For 2015

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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…]

Five Low-Cost Ways To Improve Your 401k Plan

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

After working with thousands of 401k plans over a nearly 30-year consulting career, I have consistently run into a relatively small number of easily fixable problems that can make a big difference in many 401k plans. Check out this list of suggested low-cost 401k plan improvements. [Read more…]

Congress Should Consider These Eight 401k Plan Fixes

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

As Congress continues to explore ways of making our retirement system stronger, legislators should consider the 401k plan fixes outlined below. I have ranked these suggestions from 1 to 10 (with 10 being a major impact) based upon how I feel the fix would impact participant retirement readiness: [Read more…]

Plan Sponsors — Get Started Now On January 1 401k Plan Changes

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

If your performance plan for this year shows that you need to review your 401k plan fees and/or providers, now is the time to get started. Most plan sponsors who decide to make changes like to have those new features in place by January 1 of the new plan year.

What should you be sure to review? [Read more…]