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Year-End Financial To-Do: Employers Should Gauge the Retirement Readiness of Retirement Plan Participants

November 15th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

I recently reviewed an overview from an interesting panel discussion at the 2018 PLANSPONSOR National Conference held earlier this year in Washington, D.C.  The panel featured senior executives from some of the top retirement providers in the financial industry; including MassMutual, American Funds and John […]

Scary Financial Mistakes: Failing to Take Advantage of Your 401(k) Plan

October 10th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

When thinking about the prospects of saving for retirement, it’s normal to feel overwhelmed or scared about where to start.  If you are fortunate enough to work for an employer that sponsors a 401(k) plan, you have an easier way to facilitate the journey toward […]

Redefining ‘Success’ for Business Owner 401k Plans

September 19th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Business Owners are starting to redefine what means to have a successful 401k plan.  For many years, the primary metric for a successful plan was the level of employee participation in the plan (i.e.  how many employees contributed to the 401k plan).  However, increasingly, providing […]

Working with Financial Advisors Can Benefit Nonprofit Organizations

July 26th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans and Nick Frigerio, Planning and Research Associate

Nonprofit organizations have the same financial and retirement planning needs as other employer groups such as business owners and self-employed individuals. Nonprofits can include:

Educational Groups (i.e., local K-12 school districts, private/parochial schools, colleges, etc.)
Healthcare Groups (i.e., […]

Nonprofit Retirement Plans Continue to Evolve

July 12th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Retirement plans for nonprofit and tax-exempt entities (particularly 403(b) plans) have historically lagged behind the business owner retirement plan market in terms of modernizing their plan provisions and features.  Traditionally, nonprofit and tax-exempt employers have been uncomfortable with change; at least in comparison to their […]

Opportunity for Higher Education Entities to Modernize Their 403(b) Plans

July 6th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Retirement plans for nonprofit and tax-exempt entities are often structured very differently than retirement plans for businesses (like 401(k) plans), and as a result can provide some unique challenges for both the plan sponsor and participants.  This is particularly evident with 403(b) plans (also known […]

Recruit, Retain, and Reward Key Employees with Nonqualified Deferred Compensation Plans

June 20th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans and Dan Schulte, Vice President and Manager, Annuities and Insurance

In order for a company to thrive, it is vitally important that employers are able to recruit, retain, and reward key executives through a comprehensive retirement benefits package.  The limitations placed on qualified retirement plans […]

Finding a Solution for Keeping Your Key Employees Happy

June 12th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Recruiting and retaining the right employees for a business or nonprofit group can be critical to the ongoing success of that entity.  What approaches are available to employers to entice key employees to join an employer, and equally as important, to encourage those key employees […]

Congrats You’re a College Graduate, Now What?

May 9th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

College graduates typically possess a well-deserved sense of accomplishment and excitement.  All their hard work has finally paid off, and now they’re ready to take on the world.  But once the euphoria subsides, many graduates realize that life after college may not be the financial […]

Tax Tip Tuesday: Tax Tips for Parents

March 27th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Being a parent can be both exhilarating, and chaotic and the financial implications can be complicated, particularly at tax time. However, parents can check out these tips to help lower tax bills and/or lead to a larger refund:

There are a number of tax credits […]