Significant changes made to catch-up contributions under the SECURE 2.0 Act. These changes aim to boost retirement savings for workers closer to retirement and provide much-needed flexibility. Increased Catch-Up Contribution Limits Starting in 2025, the catch-up contribution limits for employees aged 60-63 in 401(k), 403(b), and governmental 457(b) plans will be increased to the greater […]
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Secure 2.0 Series: Matching Contributions for Student Loan Payments
New rules under the SECURE 2.0 Act allow you to potentially write off a portion of your student loan expenses through your employer’s 401(k) plan. Matching Contributions for Student Loan Payments Starting in 2024, employers can choose to amend their 401(k) plans to treat qualified student loan payments as elective deferrals for the purpose of […]
Footnotes – May 2024
May’s “First Friday” meeting focused on Identifying the categories of companies, public and private, most likely to become the winners and losers in the Artificial Intelligence world which is unfolding in front of us in real time.
While May’s “First Friday” meeting focused on Artificial Intelligence’s technological leap forward, it reminded everyone watching that significant changes in technological advances usher in changes which are unplanned. They will be, mostly positive. However, there could be negative changes also. The one certainty is change. Since the evolution of the steam engine, electricity, transportation, the integrated circuit, creation of mobile computers and the internet, certain categories of the U.S. and global population have been advantaged – and some have been disadvantaged. And quite often those disadvantaged at first, become the advantaged over time.
May 2024 “First Friday” Market Outlook – Artificial Intelligence: Identifying the Winners and Losers
What Is The U.S. Federal Reserve’s Most Likely Next Move After This Week’s Meeting? Is the stock market overvalued or priced for perfection? What Expectations Are Priced Into Current Market Valuations? The Elephant in the room – U.S. Debt / U.S. Deficit; Getting Better or Worse? What keeps us up at night?
Overpaying for Your Company’s Plan? You Are Not Alone.
We understand the importance of cost-effective plan management. However, research indicates that many companies are overpaying for their 401k administration fees. Overpaying potentially erodes retirement savings for their employees, and certainly erodes corporate profitability, as most Corporate Sponsors pay 401k administration costs. By analyzing industry data and fee structures, we gain insights into the prevalence […]
Is your Employee Education Meeting Requirements?
5 Steps to Ensuring the Answer is Yes Comprehensive Education Program Look for a provider that offers a robust, multi-channel education program covering all aspects of the 401(k) plan, including: 1. Enrollment process and eligibility requirements 2. Investment options and asset allocation strategies 3. Tax advantages and contribution limits 4. Retirement income planning and distribution […]
Footnotes – April 2024
April’s “First Friday” meeting focused on the market’s expectations that earnings for 2024-2028 will match the 10%+ growth rate delivered by the S&P 500 during the last 5 years. However, there is a problem with these expectations. The variables responsible for the last 10+ years of torrid growth are unlikely to be repeated. If those variables which created the tailwinds don’t reappear, earnings are unlikely to grow at 10%+ over the next 5 years, as the market is expecting. With current pricing at historically high levels, the U.S. economy slowing, tailwinds gone, and expectations high, the probability that earnings fail to meet expectations is higher than the market believes.
April 2024 “First Friday” Market Outlook – What is the Market Missing?
April “First Friday” Topics:
The tailwinds leading to the stock market’s stellar appreciation over the last 25 years have changed.
The stock market is overvalued and priced for perfection.
The Advantages of Hiring a Dedicated 401(k) Specialist
You would never ask a GP to do your back surgery. Don’t hire a brokerage to administer your company’s 401k plan. When it comes to managing your company’s 401(k) retirement plan, hiring a specialist firm dedicated exclusively to 401(k) administration offers significant advantages over using a generalist advisor or provider. Deep Expertise and Focus 401(k) […]
Uncertain Times Ahead? Here are 4 Ideas to Help Prepare
When 401k retirement plan investors emerge from a difficult year, it’s easy to become fearful that each year to come will deliver the same – or similar results. However, history shows this is seldom the case. In fact, more times than not, the year following a down year in the U.S. capital markets is a […]