Wrapping Up 2023: A Comprehensive Guide to End-of-Year 401(k) Tasks
- Bjork Group
As the end of 2023 draws near, those responsible for their company 401(k) plan have much to consider.
Boosting Profits and Savings: 5 Tax Strategies for Business Owners
- Bjork Group
For business owners, striking a balance between operating costs and profit is the cornerstone of success.
6 Common Administrative Tasks That Can Morph Into 401(k) Plan Headaches
- Bjork Group
Managing a 401(k) plan can leave even the most seasoned administrators feeling overwhelmed. With proper support, you can simplify the complex task of retirement plan management.
Long-Term, Part-Time Overview for 2024
- Bjork Group
For part-time workers, saving for retirement can be a challenge. Many part-time employees are often excluded from 401(k) plans because they often don’t meet the plan’s eligibility requirements. This includes many students, parents and individuals with multiple part-time jobs. However, new legislation that goes into effect on January 1, 2024, is about to change that.
Should You Add an Automatic Safe Harbor IRA To Your Plan?
- Bjork Group
High employee turnover could lead to a rise in small 401(k) accounts. Explore how adding a Safe Harbor IRA provision to your plan may help reduce plan costs and potential fiduciary risks.
How Can Our 401(k) Plan Help Us Attract and Retain Star Employees?
- Bjork Group
With thoughtful design features, you can structure a 401(k) plan that stands out in a time of talent scarcity and meets your employees’ needs.
Q2 2023 Employer Newsletter: Employee Engagement Edition
- Bjork Group
More and more employers are becoming aware of the positive impact of financial wellness. A well crafted financial wellness program can provide employees with the knowledge and tools to understand why, when and how to achieve savings success.
4 Ways Employers Can Create a Culture of Wellness
- Bjork Group
To compete for top talent, companies are looking for innovative ways to stand out in a competitive labor market. Employees are looking for beefed up benefits that support their social, physical, mental and financial well-being.
Is Financial Education on Company Time Worth It?
- Bjork Group
Financial education is becoming increasingly important in today's world, but is it worth the company's time and resources to provide such a service? Helping employees reduce financial stress can help improve wellness, retention and productivity – and cost a fraction of the time lost from overwhelmed employees.