Coronavirus and Retirement Savings: Lessons to help mitigate long-term retirement savings mistakes
- Bjork Group
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3 DOL hot Buttons
- Bjork Group
DOL audits can be stressful, complicated and expensive! The best way to handle one is to avoid it in the first place. Through our experience, we’ve outlined three hot button issues that are major red flags for the DOL. Watch our short video for the tips and best practices to help manage risk.
Getting Your Ducks in a Row: Documents Adults Need
- Bjork Group
While we firmly believe life is meant to be lived, we also know that it’s important to have peace of mind in the event of an emergency. Your employees might be in the dark about the most important documents they would need if something were to happen to them.
Managing Risk: Do’s and Don’ts for Your Company’s Retirement Plan Committee
- Bjork Group
Scan the business news and you will likely find an article detailing the latest 401(k) litigation against a company accused of a fiduciary breach. The litigious trend started with corporate behemoths but has been trickling down to small and mid-size plans.
Keeping Your Plan Data Safe: 11 Cybersecurity questions to Ask Your 401(k) Service Providers
- Bjork Group
Your plan data and private information are valuable, but unfortunately, cybersecurity is a critical but often overlooked aspect of a plan sponsor’s fiduciary responsibility.
10 Steps to Help You Handle a DOL Investigation
- Bjork Group
Hot breath, fear, sweaty palms - You’ve received a request from the Department of Labor (“DOL”) to provide documents about your retirement plan. You are being investigated.
Thinking About Changing 401(k) Providers? Five Things You Should Know
- Bjork Group
Offering a competitive benefits package, including a top-notch 401(k) plan, is essential for your company to recruit and retain top talent. Today’s workers highly value employer-sponsored retirement plans: 88% of them say that an employee-funded retirement plan is important to them.[1] In addition, eight out of ten new hire candidates consider retirement savings programs offered by prospective employers a major factor in their job search decisions.[2]
Q1 2020 Newsletter: Fiduciary Plan Governance
- Bjork Group
The start of a new year is a great time to review your fiduciary governance process and confirm that your fiduciary priorities have been set. Preparing for the unexpected can be a delicate balancing act, but it is vital for the organized plan administration!
2020 Compliance Calendar
- Bjork Group
Everyone loves the compliance deadlines that should be met every year. To help you stay ahead of the curve with important deadlines and filings, please find attached our complementary 2020 Compliance Calendar. If you have any questions about deadlines or information requested, please contact us to review today!
SECURE Act and What 401(k) Plan Sponsors Need to Know
- Bjork Group
On 23 December, one of the largest changing legislative acts to impact America’s retirement system was signed into effect. The Setting Every Community Up for Retirement Enhancement Act – or SECURE Act – has many updates and modifications that seek to enhance retirement security activities. The Act strives to addresses challenges that small business owners face including helping your employees better understand their workplace savings plans, encouraging employees to save more for their future, and offsetting plan costs.