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3 Types of Automatic Enrollment in Plans
Employers and lawmakers have long grappled with how to increase employee participation in company-sponsored retirement plans. While participation has risen in recent years, especially at larger companies that have implemented automatic enrollment, the Department of Labor has estimated that 30% of eligible workers still do not contribute to a 401k account.
Funding Strategies to Facilitate a Pension Termination
As Congress continues to struggle with setting annual federal budgets, pension plans are increasingly looked at as an alternative source of government revenue. While the Pension Protection Act of 2006 was once considered the definitive law to secure the private pension system, lawmakers since have repeatedly eased pension funding requirements
5 Ways to Reduce the Costs of Administering your Pension Plan
Subtracting the cost of administering your company’s pension plan from your retirement assets can be a hard pill to swallow. From actuarial fees to legal fees to government mandated pension insurance premium increases, the costs can add up to subtract 3 – 5% of your retirement assets annually. Whether you