Your guide from hire to retire.
In my last blog post, we talked about ways that plan sponsors can outsource fiduciary responsibilities. As interesting as it may be, not all plan sponsors fully understand what they are responsible for and liable for. The main functions 401(k) plan sponsors are responsible for include: • […]
Group Term Life Insurance – The Cherry on Top of the Sundae…You Still Need the Sundae One of the valuable benefits employers often provide their employees is group term life insurance. The amount of life insurance benefit offered in these plans can vary, but it’s common for employees to receive […]
As a participant in the company’s retirement plan, you are already serious about saving for your future. Whether you are retiring in a few weeks or a few decades, you may need to protect your investment. A healthy way to do this is to rebalance your portfolio. What is Rebalancing? […]
On March 8th, the Michigan Senate passed an amendment to the Elliott Larsen Civil Rights Act. Elliott Larsen, passed in 1977, provides protection from discrimination based on religion, race, color, national origin, age, sex, height, weight, familial or marital status. Previously passed by the House, the new amendment adds LGBTQ […]
In June of 2020, our family was on the hunt for a large vehicle that could fit our 4 growing kids and tow our camper. We found the perfect late model Yukon XL posted by a private owner on Facebook Marketplace in Chicago. After a test drive, inspection and asking […]
Shortly after I started my career in HR I met with an employee who was in the progressive discipline process for attendance issues. In the meeting, we were trying to help her get to the root of the problem when she confided in me that her attendance issues were the […]
If you are a plan sponsor of a retirement plan, I’m sure you have heard of the term “fiduciary”. If you are thinking about starting a retirement plan for your company, this is a term you should be aware of, become familiar with, and understand what it means. What is […]
You may have read about the SECURE Act 2.0 that passed in late December as part of the Consolidated Appropriations Act. This is the most extensive retirement plan legislation we have seen in years. The main objectives include increase the availability of retirement plans, help people save more, streamline retirement […]
You may have read about the SECURE Act 2.0 that passed in late December as part of the Consolidated Appropriations Act. This is the most extensive retirement plan legislation we have seen in years. The main objectives include increase the availability of retirement plans, help people save more, streamline retirement […]
At what age should I buy permanent life insurance? Like most things in life, there is always more to the story (not less) and permanent life insurance is a valuable tool when used in certain situations to achieve specific objectives. Recently, clients are asking the following question and it is […]