NEBSTPA Presents ERISA Update: New Conflict of Interest Regulations
June 13, 2018
Northeast Benefit Services Inc.
What does it really take to retire?
December 5, 2017
As a plan sponsor, your employees rely heavily on your guidance; after all, you manage the plan that may offer their best shot at a successful retirement. When the 401(k) plan was introduced in the mid-80s, it was not intended as a standalone solution.
Northeast Benefit Services Inc.
Your Mid-year 401(k) Plan Check-up and Tune-up
November 4, 2017
As we round the corner to 2018, I can’t help but wonder, where did the year go? It feels like January and New Year’s resolutions were just yesterday. Alas, those days have come and gone, and the “next” New Year is only a few months ahead. This means now is the time to focus on […]
Northeast Benefit Services Inc.
Evaluating Your Fiduciary Process
October 7, 2017
Believe it or not, an efficient retirement plan committee does not happen by chance. The “best practices” your committee upholds form the foundation for a prudent process creating an opportunity for employees to pursue their retirement goals. Companies of any size can benefit from a consistent process and should consider implementing a few of the […]
Northeast Benefit Services Inc.
NO “ONE-SIZE-FITS-ALL” PLAN
September 25, 2017
Retirement plans come in all shapes and sizes: DC Plans, DB Plans, Non-Qual, 401(k), 403(b), 401(a), 457, SEP IRA, Simple IRA, Roth IRA, Cash Balance, HSA… and any other number letter combinations that you can think of. The simple truth is that there is no one-size-fits-all version of a retirement plan; and as a plan […]
Northeast Benefit Services Inc.
Understanding Corrective Distributions
August 4, 2017
Money Back is Good, Right? Refunds can be great if you are referring to tax returns or money back from an unsatisfied purchase. However, when it comes to your company’s retirement plan, refunds or corrective distributions are red flags indicating a deeper problem. They can be an administrative nightmare for plan sponsors and cause undue […]
Northeast Benefit Services Inc.
Benchmarking Your Company’s Financial Wellness
June 6, 2017
Financial wellness is more than just a buzzword or a “feel-good” benefit: when effectively implemented, it can be a powerful tool to help employees take control of their financial lives and help your company reach organizational goals. This article will share insights on program partners and workplace benefits, as well as benchmarking tips and strategies […]
Northeast Benefit Services Inc.
Are Auto Features The Future Of 401(K)?
May 7, 2017
Everything these days seems to be automated from reminders for doctors’ appointments to bill paying, to (something clever). And why not?! Automation is the future, but does this apply to retirement planning as well? Auto-features are gaining traction and participants are more open to them than originally expected. A 2016 survey by American Century found […]
Northeast Benefit Services Inc.
Benchmarking Your 401(K) Plan: A Once A Year Check-up, Or A Regular Check-in?
April 4, 2017
As humans age, we age with complexity and it’s a priority that we make frequent visits to the doctor. Normally, we all go to the doctor for yearly checkups; checkups can include adjusting of daily supplements like a multivitamin, or even getting regularly checked for signs of cancer or bigger risk health issues. No one […]
Northeast Benefit Services Inc.
Retirement Plan Costs: Who Pays What and Why?
March 4, 2017
Retirement plans aren’t free. As a business owner, it’s easy to understand, but what are the real costs? What are we paying for and why? These are great questions and exactly what we are going to answer. There are a lot of questions about soft costs, hard billables, revenue sharing agreements, and more. Let’s breakdown […]
Northeast Benefit Services Inc.
Evaluating Plan Success
February 20, 2017
Helping prepare your employees for retirement is an awesome responsibility; it takes constancy and prudent oversight. It’s important to remember that evaluating your business’ retirement plan is an ongoing process. As a best practice, investments should be reviewed annually, if not quarterly. A 2015 survey by PLANSPONSOR® shows that the majority of plan sponsors (91.7%) […]
Northeast Benefit Services Inc.
2017 The Year Of Financial Wellness
January 7, 2017
As the workplace evolves year after year, we see that quality employee engagement is essential for maintaining a balanced workplace. Financial wellness has been defined as a state of well-being where an individual has achieved minimal financial stress, established a strong financial foundation, and created an ongoing plan to help reach future financial goals.[i] The […]
Northeast Benefit Services Inc.
