Posts Tagged ‘Employer Responsibilities’

New Study on Employer Contribution Trends from Fidelity

March 28th, 2019 by Jonathan Leidy

The 2019 Facts and Insights piece from Fidelity highlights common trends in Employer Contributions to 401(k) and other defined contribution plans.

Three primary takeaways:

  1. The overwhelming majority of employers is making an employer contribution of some sort to their plan.
  2. The most common match formula is the Standard Safe Harbor Formula, or “5% gets you 4%.”
  3. Employers are now taking a hard look at their contribution rates and how to best marry them with recommended long-term savings rates as well as programs like auto-enrollment.

Read the full report by clicking the link below.

20190101 Company Match Trends_Page_1


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Items Your Annual Retirement Plan Review May Be Missing

February 20th, 2018 by Jonathan Leidy

RPM Q1 2018_Pulse Image_Blog Article 3_Items Your Annual Retirement Plan Review May Be Missing

As a plan sponsor, you are probably no stranger to the annual retirement plan review. And believe it or not, it is that time of year again! Although you may meet quarterly or semi-annually with your advisor, a yearly plan assessment is an opportunity to evaluate the entire health of your plan.

Many times, the focus of an annual review has to do with investments and fund line-ups; and while this is important and should absolutely be addressed, your review should go further.

Your review should assess five major areas: plan design, retirement readiness, fiduciary oversight, service provider due diligence, and investment due diligence. Read the rest of this entry »