NADART Retirement Blog: News & Commentary about Retirement Plan Administration

Author: NADART Administrator Created: 11/29/2007
NADART's Retirement Blog will cover various topics and news related to retirement plan administration and retirement planning, from the viewpoints of business owners as well as participants in the plan.

Small Businesses Face Challenges in Offering Retirement Plans
By NADART Administrator on 2/29/2008
Small businesses often want to offer their employees retirement plan benefits, however many are not able to do so. An article by Martha Hamilton in the Washington Post recently highlighted the challenges facing small business retirement plans and what can be done to combat them.
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It's America Saves Week!
By NADART Administrator on 2/26/2008

February 25-March 2 marks America Saves Week, a national campaign to increase the country’s savings rate. While finding extra money to put aside can seem like a daunting task to some, especially when it comes to retirement savings, it doesn’t have to be.

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Why 401(k) Plans Are Better Than Saving on Your Own
By NADART Administrator on 2/22/2008
While some may wonder if they are better off saving for retirement on their own, there are many advantages to saving via an employer sponsored 401(k) plan, especially when it comes to taxes.
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Are You Saving Enough to Keep Up With Rising Healthcare Costs?
By NADART Administrator on 2/20/2008

With rising health care costs, a majority of American workers won’t be able to maintain their current standard of living, according to an article on CNNMoney.com. The article cited a study conducted by the Center for Retirement Research (CRR), which estimated that 61% of households are “at risk” of being unable to live the way they would like while paying for their health care as they grow older. The Employee Benefit Research Institute (EBRI) estimates that couples will need to save about $300,000 in retirement just to cover medical expenses.

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Sponsoring a Retirement Plan Can Make a Big Difference
By NADART Administrator on 2/14/2008
Thinking of starting a retirement plan for your employees? A key benefit of doing so is that with access to a retirement plan, employees may be more likely stay with your company over the long term.
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Understanding Retirement Plan Documents Should Not Be Made Difficult
By NADART Administrator on 2/12/2008
If you are thinking about starting a retirement plan for your employees, but worry that the financial language of its documents will be too difficult for them (or you) to understand, fear not. The federal government is addressing this very issue.
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Alleviating Some of Your Fiduciary Responsibilities
By NADART Administrator on 2/8/2008
Does your company have fiduciary responsibilities when it comes to a retirement plan? If your answer is, “I don’t know”, then you may want to read further.
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Waiting to Retire Can Save You and Your Employees Money
By NADART Administrator on 2/6/2008
Employees who stay in the workforce past age 66 can benefit from additional Social Security benefits and reduced taxes on their retirement savings.
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Are Your Employees Aware of the Saver's Credit?
By NADART Administrator on 2/4/2008
Saving for retirement is always a good thing. It’s even better, though, when the government pays you back for saving. The purpose of the saver’s credit is to give lower-income workers an incentive to save for retirement.
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Best Practices in Retirement Benefits – Is your Company on the Right Track?
By NADART Administrator on 1/31/2008

Principal Financial Group recently came out with their Best Practices in Retirement Benefits based on the practices of The Principal 10 Best Companies – 2007. Some of the suggestions they made include:

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