Now is the perfect time to remind participants to review their beneficiary information on their retirement plan and make any necessary updates. Here’s why:Some participants may believe they are taken care of by having a will or estate plan. However, in the case of...
Americans say they need an average of $1.46 million to retire comfortably in 2025, reflecting continued concern about inflation, healthcare costs, and longevity risk.*The average 401(k) savings rate (employee plus employer contributions) reached approximately 14.2% in...
Deadline for sending Form 1099-R to participants who received distributions from a qualified retirement plan during the previous year. (for most plans, Alliance completes this on your behalf) Deadline for distributing ADP/ACP refunds without incurring a 10% excise tax...
Fiduciary oversight requires consistent review, documentation, and disciplined governance. Your Alliance Team, in conjunction with investment and other advisors, will support you to ensure that your plan remains compliant. The following checklist highlights the core...
As the 2024 election approaches, market volatility is expected to rise due to uncertainty around potential policy changes. Short-term fluctuations in the stock and bond markets could lead retirement plan participants to pause savings or shift to more conservative...
Retirement expectations vary across generations, shaped by unique experiences and economic conditions: Baby Boomers (1946–1964): View retirement as a reward after hard work, often seeking financial security and leisure, with some benefiting from company pensions....
A new bipartisan bill, the Helping Young Americans Save for Retirement Act (H.R. 9281), was introduced in the House of Representatives on August 2, 2024. Sponsored by Rep. Brittany Pettersen (D-CO) and Rep. Tim Walberg (R-MI), this legislation aims to lower the...
ERISA Turns 50: Fifty years ago, President Gerald Ford signed the Employment Retirement Income Security Act (ERISA) into law, setting standards for retirement plans.* Financial Regrets: A staggering 77% of Americans have financial regrets, with the most common being...
The SECURE 2.0 Act of 2022 introduces several provisions designed to boost retirement savings. SECURE 2.0 modifies the original RMD and LTPT provisions while introducing new rules. Here are some notable changes taking effect in 2025: Automatic Enrollment...
(Read time 0:53) Welcome to the latest edition of Tax Talk. In this issue, we highlight upcoming crucial compliance deadlines and also provide a quick reminder for plan participants. (Dates below are for calendar year plans and companies.) Upcoming Deadlines January...