According to an article in U.S. News & World Report, baby boomers will have a different retirement situation than those in previous generations. In some ways, the changes are good – such as living longer and staying active, but others such as being a “sandwich generation” and retiring with debt can pose challenges for those who have not saved enough. Here are the examples provided in the article:

In a sign of economic recovery, more companies are restoring the matching contribution to their 401(k) plans, after suspending them last year to save cash-flow and jobs, according to a study reported by Hewitt Associates and reported by the Washington Post.

More involved. Those are the watchwords for many employers when it comes to their 401(k) retirements plans, according to a recent article in “U.S. News and World Report”. During 2010, many companies plan to update the way they deal with their plans in at least six main ways, which include:

Small businesses need to know that the seven-day rule for the depositing of employee contributions, proposed by the Department of Labor (DOL) in 2008, was finalized and made an official regulation as of January 14, 2010.

If you are taking part in the 2010 NADA Convention this weekend in Orlando, Florida, stop by the NADART booth, #1801, while you’re in attendance. Come by and compare your current retirement plan fees to ours and see how the variety of features that we offer, including Target Dated Funds, Roth 401(k) contributions, Automatic Enrollment and our Sub20 Plan for small businesses, can be a cost-effective way to benefit your company and its employees.

In an article referenced by Nadaq.com, small employers who begin sponsoring a retirement plan could receive a $1,000 tax credit for three years, under President Barack Obama's proposed budget.

 Join us on Tuesday, February 23, 2010 in Vienna, VA from 11am-1pm to uncover the hidden fees that are often found in retirement programs. Determine the true return and inherent fiduciary risk your clients may not be aware they have.

With approximately 80 million of Americans not saving for their retirement due to the lack of an employer-provided 401(k) plan, Obama proposed that workers be automatically enrolled in Individual Retirement Accounts (IRAs) as part of the 2011 budget proposal.

Plan sponsors need to make sure that they are clear on the rules for Required Minimum Distributions (RMDs) in case of inquiries by plan participants. These rules can be especially confusing in light of the suspension of RMDs during 2009. Fortunately, the Internal Revenue Service (IRS) recently featured some guidance on the subject in their “Employee Plans News” newsletter.

This year’s NADA Convention and Expo will be held in Orlando, Florida, at the Orange County Convention Center, from Saturday, February 13 to Monday, February 15, 2010. Be sure to stop by the NADART booth (#1801) while you’re there and check out NADART services and features, which include: