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Five Plan Sponsor Resolutions and Five Predictions for 2019

By Jack Towarnicky


  1. Automatic Enrollment: Consider changing your new hire 401(k) default to Roth.
  2. Financial Wellness: Expand your 401(k) into a holistic savings/debt management solution.2 
  3. Health Savings Account (HSA) and 401(k): Challenge participants to optimize savings by contributing the maximum to both accounts. For participants where that is not possible, guide them using a savvy “order-of-contribution” solution. Read More >>

Innovate in ‘08 – Looking Back Ten Years Later

By Jack Towarnicky

"Great things are done by a series of small things brought together." - Vincent Van Gogh

Ten years ago, an individual at the Corporation for Enterprise Development (today, Prosperity Now) suggested I share my experiences as a plan sponsor innovator. In 2008/2009, I recounted actions we took to morph our 401(k) plan from a retirement savings plan to a holistic, lifetime financial instrument. Read More >>

What’s The Story? Part 2

By Jack Towarnicky

Betcha Didn’t Know That America’s Most Valuable Benefits Tax Preference is Celebrating Its 40th “Birthday” This Year

No, it isn’t 401(k) – Internal Revenue Code Section 401(k) (IRC §401(k)).
I took my first corporate benefits position at Marathon Oil in Findlay, Ohio back in 1979. Read More >>

A Lump of Coal for Plan Sponsors

By Jack Towarnicky

Naughty or Nice, Makes No Difference – A New Mandate Proposed For You!

It should come as no surprise that DC beltway policy wonks always have another idea on how to spend your money and how you should run your business.The newest proposed federal mandate comes from individuals who have never served as a plan sponsor or worked in human resources. Read More >>

Are Your Retirement Savings Naughty? Or Nice?

By Nevin Adams

A few years back—when my kids were still “kids” – and believed in the reality of Santa Claus—we stumbled across an ingenious Web site.

This was a Web site that purported to offer a real-time assessment of one’s "naughty or nice" status. Read More >>

Annual Enrollment – Defective Health Plan Designs May Defeat HSA Enrollment

By Jack Towarnicky

The number of Health Savings Accounts (HSAs) reached 22 million at the end of 2017.1

Today, even though HSA-capable health options have, on average, a 22 percent lower cost compared to a traditional PPO, most employers still offer the HSA-capable health option as a choice alongside a traditional PPO or HMO. Read More >>

What’s The Story? Part 1

By Jack Towarnicky

What’s the story on the 401(k)’s 40th “Birthday?”

My sister and brother-in-law were lifelong members of the news media; they reported on news and wrote columns and editorials for more than 40 years in daily newspapers.  I visited them from time to time. Read More >>

Make Retirement Plans Great Again?

By Jack Towarnicky

In a recent article which suggests America would be great again if it adopted a number of economic and employment policies prevalent in the 1960’s1, Alan Blinder states that: “Back in the 1950s and 60s, many workers had traditional defined-benefit pension plans (DB plans). Read More >>

I’m Dreaming of a … Well Funded Pension

By Jack Towarnicky

(With apologies to Irving Berlin, Bing Crosby, and Billy Mack1.)

Ten years before the Studebaker bankruptcy, Irving Berlin wrote and Bing Crosby sang the title song in the movie White Christmas. As we approach this holiday season, I’m almost thinking we need a Billy Mack version to marry new lyrics to that famous tune – dreaming of a well-funded pension. Read More >>

Retirement Investing At The Summit – Investing When Equity Markets Are At All Time Highs

By Jack Towarnicky

Wow! Recently, it was my privilege to experience a presentation by Grady M. Smith, CFA, Vice President & Senior Portfolio Manager, Dimensional.

The combination of 2018 stock market highs and recent stock market volatility has workers/retirement investors asking questions. Particularly, what should I be doing now? Grady was well prepared to educate this ignorant investor. Read More >>

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