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Misleading Plan Sponsors Regarding Plan Loans Hurts Participants

05/20/2019
By Jack Towarnicky

Myths, Misdirection, Misrepresentations

Here is my challenge to any and every benefit professional or any plan participant: There is no valid reason to curtail access to qualified plan loans.

Disagree? Let’s debate. Send in your reasons. I will respond in a future blog post – and – if necessary, I will confirm when you are right and when I am wrong. Read More >>


Narrowing Retirement Savings Gaps

05/16/2019
By Jack Towarnicky

How Eligibility and Vesting Impact Retirement Savings

Historically, workers experienced significant gaps in retirement benefits due to eligibility and vesting provisions. Throughout the past 45 years, those gaps have been significantly reduced by a combination of legislation and plan design changes. Read More >>


Aggravation or Aggregation

05/13/2019
By Jack Towarnicky

A holistic wellness opportunity to gain a competitive advantage for your plan and participants.

I once had a boss who seemed to embrace a motto offered by Albert Einstein: “Everything should be made as simple as possible, but not simpler. Read More >>


Are You Answering the Right Questions?

05/06/2019
By Jack Towarnicky

Trends and plan design initiatives to meet the needs of America’s ever-changing workforce.

At the 2019 NAPA Summit, I partnered with provocateur Doug Prince, CEO of ProCourse Fiduciary Advisors, and PSCA research committee member, to present results from PSCA’s 61st Annual Survey of 401(k) and Profit-Sharing PlansRead More >>


Annuitization Anyone?

05/02/2019
By Jack Towarnicky

Looking For a Few “Good” Plan Sponsors, Part 2

My search continues for plan sponsors willing to innovate and help participants who need more retirement income without burdening other participants and the plan with the compliance burdens of an annuity. Read More >>


Tomorrow’s Retirement: Alarming or Amazing?

04/26/2019
By Jack Towarnicky

The best way to predict the future is to invent it.1 As a plan sponsor, what are you working on to invent the future of retirement?

Join Jack VanDerhei, research director at the Employee Benefit Research Institute, at PSCA’s 2019 National Conference, April 30-May 1 in Tampa, FL as he explores “Alternative Realities: Possible Futures for the 401(k) and The Impact on America's Retirements. Read More >>


Is Your TDF Off Target!?

04/25/2019
By Jack Towarnicky

A cruise missile will invariably hit its target after traveling at subsonic or supersonic speeds covering 500 to more than 1,000 miles, despite the fact that it weighs up to 1,000 pounds1! As a plan fiduciary, what’s the accuracy of the target date investment you selected for your participants?

Join Ron Surz, president of Target Date Solutions and Neil Lloyd, partner of head US DC and financial wellness research at Mercer will present: “Target Date Funds: Should We Be Satisfied With What We Have?” at PSCA’s 2019 National Conference, April 30-May 1 in Tampa, FL. Read More >>


Marvel-ous! The HSA: A Retirement Superhero in Disguise

04/23/2019
By Jack Towarnicky

Better tax preferences compared to a 401(k)! Greater longevity protection than in a Roth IRA! Able to provide retirement income, cover acute care medical expenses and long term care in a single account! Up at your employer, look! It’s a medical plan! It’s a retirement savings plan! It’s a legacy plan! It’s an HSA!

Join Karen Rettger, president of Principal Resource Group, Mercedes Ikard, director of retirement planning at Atrium Health, Kenneth Forsythe, head of product strategy and development at Empower Retirement and Glen Kvadus, vice president at Optum Financial Services for trends in HSA product offerings, techniques, and lessons learned in positioning HSAs as long-term savings accounts and why health care integration shouldn’t be abandoned in the quest to fully deploy HSAs as the superheroes they are destined to be. Read More >>


Ready or Not!

04/17/2019
By Jack Towarnicky

Employers and workers struggle with deferred, delayed retirement decisions.

Join Patti Rowey, vice president at the Transamerica Center for Retirement Studies and Marc Howell, FSA, EA and vice president for custom retirement solutions at Prudential as they share their expertise on “Helping Workers With the Financial and Emotional Aspects of Deciding When to Retire” at PSCA’s 2019 National Conference, April 30-May 1 in Tampa, FL

Are you as surprised as I am about what legal “experts” think when it comes to how and when workers should retire?:

  • Saul Levmore and Martha Nussbaum, professors at the University of Chicago Law School, asserting that we should: “Amend current law to allow employers and employees to agree on a retirement age at the start of a new job. Read More >>

Investment Thrills & Chills – Volatility

04/16/2019
By Jack Towarnicky

The S&P 500 swung at least 2 percent on more than half of the trading days during the fourth quarter of 2018 – the most in any three-month period since 2011. “When things move a little bit up or down every day, that’s good,” Morgan Stanley’s Chief Financial Officer Jon Pruzan said in an interview. Read More >>


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