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Learning About Plan Fees |
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By NADART Administrator on
12/31/2007
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It is important to know about plan-related fees, both for your own sake and for fielding questions from employees. The fact that the U.S. Department of Labor (DOL) says fees must be reasonable and understandable is yet another incentive.
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Staying Longer in the Workforce |
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By NADART Administrator on
12/30/2007
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Employees age 55 and older are staying in the full-time workforce much longer than they used to, according to research by the Employee Benefit Research Institute. Trends like this make it all the more important for employees to start saving early for retirement.
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Required Minimum Distributions from a Roth IRA vs. a Roth 401(k) |
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By NADART Administrator on
12/29/2007
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While the names may be similar, Roth IRA’s and Roth 401(k) contributions are different. Both investment options allow participants who earn compensation to contribute after-tax monies and both allow distributions of those after-tax monies and the associated income tax-free if certain conditions are met. Two key differences between them are the contribution limits to each and the need for Required Minimum Distributions from one and not the other.
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Not Knowing SPD Requirements Can Cost You Money |
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By NADART Administrator on
12/26/2007
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If you currently offer a retirement plan, it is important to know what the Summary Plan Description distribution requirements are, as the Department of Labor imposes hefty fines for those companies that don’t comply.
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Roth 401(k) – Right or Wrong for Your Employees? |
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By NADART Administrator on
12/25/2007
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The Roth 401(k) option is best suited for employees who expect to be in the same or higher tax bracket at retirement and those that are not permitted to contribute to a Roth IRA due to income restrictions.
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Saving for Retirement – Don’t Wait Until It’s To Late! |
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By NADART Administrator on
12/23/2007
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While it’s technically never too late to save for retirement, you don’t want to delay saving until retirement is just a few years away. Because of compounding interest, those who begin contributing at an early age definitely have a leg up on those who contribute later, even if they are contributing a lesser amount. All is not lost though, even if you are late to the saving game.
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Encouraging Spanish-Speaking Employees to Participate |
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By NADART Administrator on
12/22/2007
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Merely translating presentations and enrollment materials for Spanish-speaking employees is not enough, according to an article in the Employee Benefit News. To overcome possible misperceptions, plan sponsors need to make a few things clear.
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