Blog
We hope you stay for the engaging content that will keep you up-to-date on Financial Markets, Retirement Planning, 401(K) Management, and much much more.
Effective Strategies to Enhance Your Retirement Plan
In today’s evolving benefits landscape, retirement plan success could hinge on effective strategies. This quarter’s newsletter highlights three areas plan sponsors can’t afford to overlook: 5 Advanced Tax Strategies for Employers...
Read MoreIs Your 401(k) Plan Ready for Today’s Cybersecurity Threats?
Is Your Retirement Plan Ready for Today's Cybersecurity Threats? Practical steps to help protect participants' data and meet your fiduciary duties. As a retirement plan sponsor, you are juggling plenty of responsibilities. Investment...
Read MoreEmployee Education: A Human Touch Makes the Difference
Protecting Your Employees from Bad Financial Advice Why human-led employee education still matters It’s wonderful to live in a time when answers are just a click away. You can easily find out how many inches are in a meter, get TV show...
Read MorePlan Sponsor Guide: Checklist for Keeping Participants Informed
Want fewer questions and better outcomes during plan changes? Start with clear, step-by-step communication. A strong participant communication checklist helps plan sponsors share plan updates clearly, confidently, and on time. When...
Read MoreTax Strategies for Employers | Maximize Retirement Benefits
5 Advanced Tax Strategies for Employers Elevating the value of your retirement plan Imagine this: It’s year-end and your CPA just reviewed your projected tax bill. Despite contributing to your 401(k), maximizing deductions, and running...
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SECURE Act 2.0 Updates: What Plan Sponsors Need to Know for 2025
SECURE 2.0 Update: Looking Ahead Some provisions of SECURE 2.0 have already taken effect, and more will become effective soon. For plan sponsors, preparation is the key. Starting early allows for a thorough consideration of how SECURE...
Read MoreSECURE Act 2.0: Key Updates Employers Need to Know
Discover how the SECURE Act 2.0 impacts your retirement plan. Learn about new Roth options, emergency savings, student loan matches, and auto-enrollment rules for 401(k) and 403(b) plans.
Read MoreEmployee Education: Designing Your Future
"Designing Your Future" on-demand webinar is now available! This Employee Education Presentation & Worksheet provide guidance on setting smart money goals and building a secure future. It’s simple, free, and available anytime.
Read MoreVideo: 6 Best Practices for Employee Benefits Committees
6 Best Practices for Employee Benefits Committees Ready to optimize your employee benefits committee? Watch this video to check out these six best practices for smoother operations.
Read MoreWhat Does a 401(k) Committee Do?
A 401(k) committee keeps your retirement plan in check. They oversee investments and address compliance with regulations. They work to make your plan a success.
Read MoreNewsletter: Debt Management Edition
Debt, loans, and struggling to find a budget can often hinder employees from reaching their financial goals. This Newsletter offers 5 steps to manage debt. We encourage you to share this with your workforce!
Read MoreQ4 Newsletter - Plan Design and Administration
This newsletter covers information that can help the efficiency and compliance of your plan. • Retirement plan reviews • Addressing retirement plan errors • Strategies to address delayed retirement Reach out to our team with any questions.
Read More2024 Compliance Calendar: Important Dates and Deadlines
Complimentary retirement plan compliance and notice requirements. Stay ahead of deadlines with help from our annual Compliance Calendar. As we approach the end of 2024, there are plenty of important deadlines to be mindful of.
Read MoreNEW 2025 Retirement Plan Contribution Limits: Highlight of Changes
The 2025 Retirement Plan Contribution Limits are here! Check out the most recent changes.
Read MoreEmployee Financial Education: Complete Financial Checklist
A comprehensive approach to financial planning includes reviewing finances regularly. Share an annual financial checklist with your employees. Regular reviews and adjustments can help pave the way for a secure and successful future. #HR
Read MoreManaging Risk: Do's and Don’ts for Your Committee
401(k) lawsuits are happening; would your retirement plan committee be prepared? Read this article about best practices for your 401(k) committee, including 5 ways to strengthen your fiduciary process and help to reduce litigious exposure.
Read MoreWho's On Your Retirement Plan Committee?
Committee actions (or inactions) can have a huge impact on retirement readiness. Read to learn about why a Retirement Plan Committee is important, what it is for, who’s on it, and how a financial advisor can help you every step of the way!
Read MoreThe Importance of a Retirement Plan Committee
Retirement plan committees wear many hats, including reviewing plan performance, investments and goals. What should your 401(k) committee cover each year? Read these tips to learn how to make the most of Your Annual Retirement Plan Review.
Read MoreWhy it's Important to Review, Refresh, and Revise
When was the last time you looked at your 401(k) files? Reviewing retirement plan documents yearly helps your plan perform at its peak. Here’s why it’s important to review and update plan documents and how you can avoid common mistakes.
Read MoreShould We Have a Retirement Plan Committee?
Teamwork makes the retirement dream work! Establishing a retirement committee is a resourceful cornerstone of your fiduciary due diligence. We’ve outlined questions to determine if one is right for you, and best practices to start your own.
Read MoreVideo: 4 Ways Employers Can Evaluate 401(k) Costs
Watch this video, and with the help of our advisors, you can explore 3 innovative strategies to smartly manage 401(k) expenses without sacrificing the plan's value. Don't let cost concerns compromise its quality. #Benchmarking #team #retire
Read MoreExploring In-Plan Retirement Income Solutions
With the need for robust retirement income strategies, explore the advantages of in-plan solutions. Ranging from annuities to target date funds tailored for income they are adaptable to accommodate participant's needs #HR #401k #PlanSponsor
Read MoreWhat's Going On in Washington?
We want to draw your attention to these significant regulatory updates from Washington that could impact your retirement plan administration. It's crucial for all 401(k) Plan Sponsors to stay informed about these changes. #HR #IRS #DC #401K
Read MoreBoosting Retirement Confidence for Near-Retirees
The transition from work to retirement brings heightened financial stress and anxiety for older employees. By offering targeted strategies, employers can help transform retirement uncertainty into confidence. These 4 topics will resonate!
Read MoreOvercoming Mid-Career Retirement Savings Hurdles
Life can be challenging for mid-career employees juggling financial responsibilities. Rising living costs, family obligations, and retirement savings goals can cause significant stress. However, you have the power to make a positive impact!
Read MoreHelping Early-Career Employees Navigate the Saving Maze
How can you encourage your younger employees to save? Automatic plan design features like auto-enrollment and auto-escalation can cultivate a savings habit among Gen-Z while also empowering financial confidence and loyalty in the workplace.
Read MoreGet More Value From Your 401(k) Plan - Video
Take a step towards optimizing your company's 401(k) plan by benchmarking your plan today. Our team at Encompass Wealth Advisers can help to identify opportunities and improve your employees' financial future. Contact us now to learn more!
Read MoreIs It Time to Benchmark Your Retirement Plan?
When’s the last time you did a checkup on your 401(k) plan? It's crucial to regularly review your retirement plan and benchmark it for fees, services, and overall value. At Encompass Wealth we will give your plan the attention it deserves.
Read MoreThe Power of Profit Sharing
Looking for ways to lower your tax bills? 401(k) profit sharing enables employers to give employees (including owners) a discretionary contribution. Wondering if this is a good fit for you? Read this to discover the power of profit-sharing.
Read More5 Helpful Ways to Organize Your 401(k) Fiduciary Files
Discover strategies for maintaining fiduciary files with best practices for compliance and peace of mind. -Create a system -Implement a retention policy -Regularly update -Clear labeling and categorization -Accessibility and confidentiality
Read More2024 Compliance Calendar + Updates
Must know deadlines for your 401(k) plan in 2024 With the new year comes a new cycle of compliance deadlines. We are here to keep you updated and informed so you don’t miss a beat. * See PDF Calendar #ComplianceCalendar #HumanResources #HR
Read MoreWrapping Up 2023: A Comprehensive Guide to End-of-Year 401(k) Tasks
End of year deadlines are approaching and plan sponsors are faced with a myriad of tasks and the complexity of navigating the SECURE Acts. To help you stay on top of things, we've put together a handy end of year checklist. #401k #2024 #cfp
Read MoreTax Strategies for Business Owners
Discover 5 ideas for Business Owners to optimize your tax strategy for a prosperous future. 1. Max Out 401(k) Contributions 2. Profit Sharing Contributions 3. Cash Balance Plan 4. Health Savings Account (HSA) 5. Hiring Family Members
Read MoreBoosting Profits and Savings: 5 Tax Strategies for Business Owners
5 strategies to help reduce your tax liability, without cutting costs or increasing sales. From lowering taxes, boosting profits, or saving for retirement, we've got the expertise and resources to help you succeed. Contact us today! #401(k)
Read More6 Common Administrative Tasks That Can Morph Into 401(k) Plan Headaches
Managing a retirement plan can feel like navigating a labyrinth. The tasks involved, from payroll to investment changes, are complex and take time, leaving you feeling overwhelmed and frustrated. If you need support contact our 401(K) team!
Read MoreSECURE Act Update Long-Term, Part-Time Overview for 2024
Long-Term, Part-Time Overview for 2024 For part-time workers, saving for retirement can be a challenge. Many part-time employees are often excluded from 401(k) plans because they often don’t meet the plan’s eligibility...
Read MoreStock Markets Impact on Retirement Savings
The stock market’s movements can cause a bit of anxiety and stress for investors. One of the keys to a successful retirement is to keep saving, no matter what the stock market is doing. It’s always beneficial to connect...
Read MoreUnlock Employee Potential with Effective and Appealing Total Rewards Program
You may have heard of a Total Rewards Strategy. It is a recruiting and retention strategy given that it goes beyond the traditional salary benefits by providing holistic rewards that entail added motivation for employees. This strategy...
Read MoreSECURE Act 2.0: What 401(k) Managers Need to Know for 2024
Required for 2024Luckily, the required changes for 2024 are minimal.Requirement SummaryLong-term, part-time employees become eligible to participate in the 401(k) plan.Catch-up contributions are required to be Roth if the participant...
Read MoreShould You Add an Automatic Safe Harbor IRA to Your Plan?
High employee turnover could lead to a rise in small 401(k) accounts. Explore how adding a Safe Harbor IRA provision to your plan may help reduce plan costs and potential fiduciary risks. In 2022, more than 50 million Americans...
Read MoreYour Money Check-up
Financial education has become increasingly important in today’s job market. Workers are looking to their employers for financial wellness resources. By providing financial education to your employees, you’ll be helping...
Read MoreHow Can Our 401(k) Plan Help Us Attract and Retain Star Employees?
With thoughtful design features, you can structure a 401(k) plan that stands out in a time of talent scarcity and meets your employees’ needs. Looking to attract and retain high-quality talent in today’s competitive...
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