Ask an Adviser: How can employees pay off student loans and still save for retirement?

Robin Powell Thought Leadership

Student loan debt is cited by 1 in 4 people as the reason they’re not saving for retirement. Fortunately, hope is on the horizon. Congress is currently considering two bills that would allow employees to pay off their student loans while saving for retirement at the same time.

Governance basics every plan sponsor should know

Mindy Zatto, FSA, EA, FCA, MAAA, MSPPA and Leslie Olds, FSA, EA, FCA, MAAA Thought Leadership

How do plan sponsors operate and administer employee benefit plans in a manner that is both effective and compliant with applicable regulatory and fiduciary obligations?

Why you should encourage ‘mini’ retirement plan audits

Robin Powell Thought Leadership

“Audit” is practically a four-letter word for plan sponsors, advisers and administrators. But an audit doesn’t have to be a bad thing.

What happens when you squeeze a vendor too tight

Andy Adams and Jay Schmitt, ASA Thought Leadership

When a plan sponsor (or search specialist working on the plan sponsor’s behalf) squeezes a vendor too tight, the resulting contract may come with an attractive price tag, but it will set plan sponsors up for a downstream nightmare of quality and service issues that negatively impact both plans and their participants.

How to tell if you’re paying reasonable fees for actuarial services

Leslie Olds, FSA, EA, FCA, MAAA Thought Leadership

As a defined benefit (DB) plan sponsor, it can be difficult to determine whether the fees you are paying for actuarial services are reasonable. Here are some ways to evaluate whether actuarial fees are in line with the services provided.

Plan sponsors should do their homework before offering student loan assistance

Jay Schmitt, ASA Thought Leadership

Student loans can be a distraction that diminishes employee productivity and may prevent employees from achieving their financial wellness goals. In response, employers have recently begun introducing benefit programs designed to assist employees with their student loan debt.

(Webinar) Financial wellbeing: practical considerations and insights for employers

Jay Schmitt, ASA Thought Leadership

Program length: 60 minutes Register and view now (available through March 2021) Interest in financial wellbeing programs hit a fever pitch after the pandemic-related events of 2020 exposed weaknesses in employees’ preparation and readiness for volatile economic circumstances. Industry research confirms that financial wellbeing has become a topic of considerable interest to employees and a top priority for many organizations. Evaluating potential …