Benefits to Aid Employment and Retention

As the U.S. economy continues to improve, so does the demand for labor. According to the Bureau of Labor Statistics, the current unemployment rate has edged down to 4.1 percent. Many economists maintain that demographic trends will continue to contribute to a greater shortage of qualified labor. Small business owners will be hit hardest by this trend, making it more important than ever to put effort into attracting and retaining qualified employees.

Are You Meeting the DOL Deposit Deadline for 401(k) Salary Deferrals?

By Mike Murphy, FiduciaryShield – “When is the deadline for depositing employee salary deferrals into my 401(k) plan?”  This is a question I frequently hear from 401(k) plan sponsors. The confusion often stems from 2 factors: 1.The timing rules for depositing employee elective deferrals differ from the rules related to company contributions such as matching, profit-sharing contributions, or […]

What Does a 401(k) Fiduciary Actually Do for Your Plan?

By Mike Murphy, FiduciaryShield — These days it’s hard to find a financial article that does not reference the term “Fiduciary.” This word is often used as a generic catch-all of responsibility. “Ask if they act as a fiduciary” is a common piece of financial advice, but this simple question isn’t quite enough. In 2017, […]

What Ranks as the Top Retirement Worry for Participants?

Fully 32 percent of Americans said they were ‘panicked’ or ‘very worried’ about inflation overall Is ignorance fueling participants’ retirement paranoia? Americans rank inflation as their main economic worry, yet wildly overestimate the rate of inflation itself, according to a new survey from Allianz Life. Respondents predicted an average increase of 4.4 percent per year, […]