Plan Sponsor Guide: Guide to Understanding DOL Audits
- Bjork Group
DOL Audits happen, are you prepared?
Blog Article 2: Do ESGs Fit Into Our Retirement Plan?
- Bjork Group
The value-driven workplace and its implications for retirement plans
Blog Article 1: How to Prepare for a 401(k) Audit
- Bjork Group
If the term ”audit” makes you uncomfortable, anxious or even scared, you are not alone. Last year, the Department of Labor (DOL) closed 1,122 civil investigations with 754 (67%), resulting in fees, repayments or corrective actions. The agency collected over $3.12 billion in direct payments to plans, participants and beneficiaries. This represents a whopping 300% increase in just five years.
Q1 Newsletter: Fiduciary Plan Governance
- Bjork Group
The workforce is changing as we know it, and efforts like DEI, sustainable ESG investing and proactive preparation for DOL audits can help employers like you keep up with this transformative period.
Video: Get to Know Your Retirement Plan Committee
- Bjork Group
If you think you’re alone in managing your 401(k) plan, think again! A Retirement Plan Committee is a dedicated group that manages investment options, oversees retirement plan administration and provides fiduciary oversight and accountability.
Live Your Best Life: Now and in Retirement
- Bjork Group
Americans are living longer than ever before. Life expectancy is now at 79 years old, and many employees will need to save enough to live 17+ years in retirement.1 How financially prepared are your employees to enter into this next stage of life?
Who’s on Your Retirement Plan Committee?
- Bjork Group
Retirement plan committees are super important; they set the direction and priorities of the company’s retirement plan. These actions (or inactions) can have a huge impact on how successful employees are at preparing for retirement.
2022 Contribution Limits for Retirement Plans
- Bjork Group
The new Retirement Plan Contribution Limits are official!
Year End Wrap-up: Evaluating the Effectiveness of Your Retirement Plan
- Bjork Group
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With Cycle 3 deadlines fast approaching, now is a great time to review your retirement plan. Measuring your retirement plan’s data provides key information to help increase its competitiveness, which can be extremely helpful in today’s labor market.
The Tale of Two Economies: Promoting Workplace Benefits in a K-Shaped Economy
- Bjork Group
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More than a year into the COVID-19 pandemic, there are signs of recovery in the U.S. Millions of vaccines have been administered, businesses and offices are reopening and life is starting to look more like it did pre-pandemic.