Securing Retirement Futures: Strategies to Address Delayed Retirement
November 18, 2024
Does your 401(k) plan design support “on time” retirement? Delayed retirement is becoming increasingly common among Americans, impacting employers’ bottom lines, talent acquisition cycles, and overall productivity. A recent survey found that one in four employees anticipate working beyond their initially planned retirement age, and 9% fear they may never be able to retire.[1] This […]
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Employee Newsletter: Complete Financial Checklist
November 11, 2024
Regularly reviewing finances is essential. As a retirement plan sponsor, encourage your employees to use an annual financial checklist. Get their families involved for added benefits. Making small adjustments yearly can boost confidence and financial well-being. Empower your employees to take small steps that can make a huge impact, reinforcing that proactive annual adjustments promote […]
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2025 Contribution Limits
November 4, 2024
The new Retirement Plan Contribution Limits are official! The following limits are going up for 2025: Review the full list of contribution limit changes below and share with your plan participants! Larry Kavanaugh, Jr. AIF®, CPFA, CLU, ChFC 950-A Union Rd. Suite 31 West Seneca, NY 14224 716.674.7200 L.Kavanaugh@nebstpa.com www.nebstpa.com This information was developed as […]
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Q4 Plan Sponsor Newsletter: Plan Design & Administration Edition
October 28, 2024
As we approach the end of the year, consider these important topics regarding your retirement plan. The newsletter covers information that can help the efficiency and compliance of your plan. Here’s a brief overview: Larry Kavanaugh, Jr. AIF®, CPFA, CLU, ChFC 950-A Union Rd. Suite 31 West Seneca, NY 14224 716.674.7200 L.Kavanaugh@nebstpa.com www.nebstpa.com This information […]
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5 Common Retirement Plan Errors and Tips to Fix
October 21, 2024
Navigating the intricate rules and regulations that govern employer-sponsored retirement plans may seem overwhelming at times. Even the most diligent plan sponsors encounter retirement plan errors. In fact, it’s not unusual to discover a plan failure or error, especially after the 401(k) plan testing season is over. The costly impact of retirement plan errors Plan […]
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Retirement Plan Review: From Participation Rates to SECURE 2.0
October 7, 2024
Explore the 6 key components of an effective retirement plan review, including participation, deferrals, asset allocation, and important updates. Here are few ways you can optimize your 401(k) plan for success in Buffalo.
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Plan Sponsor Newsletter: Innovative Plan Strategies
September 25, 2024
We are excited to share the Q3 Newsletter, focused on innovative strategies for plan sponsors and workplace retirement plans. Download the newsletter to learn how you can elevate your company retirement plan and stay ahead with the latest industry updates. Let’s work together to enhance your retirement plan offering and help your employees save for […]
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SECURE 2.0 Update: Looking Ahead
September 16, 2024
Some provisions of SECURE 2.0 have already taken effect, and more will become effective soon. For plan sponsors, preparation is the key. Starting early allows for a thorough consideration of how SECURE 2.0 provisions may impact enrollment, contributions, and other aspects of your 401(k) plan. This will help you align your plan with regulatory requirements […]
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Plan Sponsor Guide: Crafting an Effective and Competitive 401(k) Plan
September 9, 2024
Ready to elevate your 401(k) strategy? Discover strategies that can take your 401(k) plan beyond a financial obligation to become a catalyst for fostering a motivated, loyal team. Consider implementing features like auto-enrollment and auto-escalation to improve savings and participation rates and position your plan to boost retention and encourage on-time retirements. Larry Kavanaugh, Jr. […]
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What’s Going On in Washington?
August 12, 2024
Exploring current ERISA and DOL areas of interest In a significant move by the Department of Labor (DOL), new regulations are being rolled out that may impact your ERISA compliance and retirement plan administration. Learn how these changes could influence your retirement plan, discover Washington’s initiatives, and prepare your company effectively. Retirement Security Rule effective […]
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Employee Newsletter: Debt Management Edition
August 5, 2024
This quarter’s employee education offers practical tips and strategies to help manage debt effectively, distinguishing between “good” and “bad” debt, accompanied by practical exercises for budgeting and debt management. Understanding these concepts is helpful to achieving financial freedom and stability; we believe your employees will greatly benefit from this knowledge. We encourage you to share […]
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7 Questions to Help Optimize Your 401(k) Plan
July 22, 2024
Let’s explore some of the critical elements of workplace retirement plans. Our goal is to equip you with the knowledge you need to evaluate your current 401(k) plan with clarity and confidence, helping you make the best choices for your business and employees. We’ll guide you through pro tips for identifying a healthy plan, discuss […]
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