by test | Nov 3, 2024 | newsletter
Many plan sponsors focus on external cybersecurity threats, such as hackers attempting to breach their systems, but disgruntled employees can also pose a risk. Recently, the Department of Labor (DOL) extended the scope of its cybersecurity guidelines to include all...
by test | Nov 3, 2024 | newsletter
The Federal Reserve’s recent 50 basis point interest rate cut, with more reductions expected by year’s end, may leave employees wondering what it means for their retirement savings — and their overall financial picture. Younger workers might question how this...
by test | Nov 3, 2024 | newsletter
By the second quarter of this year, the number of “401(k) millionaires” rose 2.5% from Q1, marking a record high according to Fidelity. At the same time, retirement savers overall experienced three consecutive quarters of growth — and that’s good news for many...
by test | Oct 4, 2024 | newsletter
Although the costs of retirement benefits have generally decreased due to fee compression, smaller plans are still at a disadvantage. Smaller plans pay more per participant due to fixed costs, while larger plans benefit from economies of scale even with greater total...
by test | Oct 4, 2024 | newsletter
Thirty percent of adults in the U.S. report having received a student loan to further their education. According to the Federal Reserve, the median student loan debt for those with outstanding balances in 2023 ranged between $20,000 and $25,000. To help ease this...
