Each year, approximately five million Americans with small retirement accounts (currently defined as having balances of less than $7,000) change jobs – and at that point are forced to make a decision.
Archives
‘Find me the Money:’ The MAJOR Unclaimed Retirement Benefits Problem, and What to Do About It
Retirement benefits that go unclaimed is a major—and growing—problem, with recent headlines putting the total amount of lost or forgotten assets well north of a trillion dollars.
SECURE 2.0 Provides New Tools to Assist Plan Participants In Crisis
The primary goal of retirement plans is to provide income at retirement, but defined contribution plans have been permitted to make some distributions while participants are employed. The most common form of distribution to participants who are younger than age 59 ½…
Five Things You Need to Know When Switching Recordkeepers
There are few things more disruptive to the peace or clarity of a 401(k) plan than a switch in recordkeepers, even when the change is instigated by a regular, thoughtful, focused evaluation of the alternatives.
Retirement’s Future
I’ve spent my entire career working with retirement plans, beginning with an internship my senior year of college. Looking back over that period of time, it’s remarkable how much has changed.
U.S. Supreme Court Rules On Fiduciary Responsibilities
Are plan fiduciaries protected from excessive fee lawsuits just because they offer participants a menu of investment funds that includes some low-fee investment choices? Or are plan sponsors and other fiduciaries required to do more than that?
Proposed SECURE ACT 2.0 Aims to Increase Retirement Savings
With Americans living longer and retiring later, saving for retirement has become more important than ever. Yet, too many employees are still not covered by employer plans, and most of those who are covered don’t contribute enough for a stable retirement.
New Fiduciary Rule Provides More Protection for Rollover Advice
Saving for a secure retirement may seem simple – you put away a certain amount with each paycheck and let it grow until you retire.
8 Tips to Help Businesses Find Lost Money
Businesses know about escheating unclaimed property to the states. Yet, most never think of looking for listings for their own company. Those that do often find unexpected windfalls.
8 Tips You May Not Know About to Find Missing Money
Are you out of work? Underworked? Looking for something to do while social distancing?
Topics
Recent Posts
Have an idea for a topic you don’t see here? Send us an email and we’ll look into it.
Subscribe to our newsletter to receive regular email updates on the latest happenings at PenChecks Trust® and in the retirement plan services industry.
Resources