Video | Maximize Your Company’s 401(k) Plan with Specialist Advisory Teams

Retirement plans are more than a benefit—they’re a tool to support your team and help your business thrive. But to get the most out of your plan, it needs to be designed with intention. That’s why we’re launching a four-part Plan Design series to cover key steps that can improve your plan’s effectiveness and be sure it’s meeting the needs of your employees. There are eight key considerations for creating an effective plan design, and each video in this series highlights an essential consideration for plan design. To start things off, we’re focusing on these first four: Each week, we’ll spotlight one…

Properly defining compensation is a critical but often overlooked aspect of retirement plan management. In our latest 401(k)ompass episode, Lindsay Luketic discusses why compensation errors are one of the most common issues plan administrators face and how to address them effectively. Understanding the Plan’s Definition of Compensation Every retirement plan document defines compensation and specifies which payroll sources, such as bonuses, should be included or excluded. If not caught early, misalignments between the plan document and payroll practices can lead to costly and time-consuming errors. Common Pitfalls and the Importance of Compliance One of the most frequent mistakes involves handling…