In the retirement plan advisory business, there are three types of plan advisors. The first is the traditional plan investment advisor. This type of advisor will simply monitor the plan’s core menu of funds and make recommendations on when/what to change. The second is more of a plan specialist role. They’ll manage the plan’s […]

  Recently the Employee Benefit Research Institute released the 2023 “Retirement Confidence Survey Results” and the results are eye opening. Within the last 18 months we’ve seen some historically bad market volatility, including the worst year ever for the bond market in 2022, recent highs in inflation, and three of the biggest bank failures on […]

  By now, I’m guessing that most people reading this have heard that the Secure Act 2.0 was passed by Congress and signed into law late last year. The second iteration of the Secure Act was crafted with the intention of increasing employee retirement savings while also expanding access to company retirement savings plans. With […]

When we are reviewing a company’s retirement plan, especially in times like today, a common question that comes up is “What are other companies doing with their plan.” It’s instinctual to wonder what’s happening with other companies in your peer group and have an interest in how they address various aspects of their retirement plan. […]

As a plan sponsor, one of the most important things you can do each year is sit down and review the retirement plan. You may be asking yourself “why?” or perhaps the plan tends to be out of sight, out of mind so you feel like everything is running smoothly. It’s certainly possible that the […]

  Welcome to the New Year! It’s been a crazy first month for a multitude of reasons. While the kickoff has been a bumpy ride so far, there are many reasons to be hopeful and I hope you and your business see that hope to fruition. A question we are often asked is what more […]

    I’m sure many of us were hopeful that 2021 would be a better year and in many ways our hopes came to fruition. While we didn’t quite get back to business as usual, business owners and plan sponsors weren’t thrown a curveball like the CARES Act so far this year. In most cases, […]

  A 401(k) plan has three key providers. The first is the recordkeeper, who’s primary responsibility is to track the assets in the plan so that employees and plan sponsors know what they have in the plan. Recordkeepers typically provide websites for participants and sponsors to view balance information, provide account statements and process distribution […]

At The Joseph Group, we are blessed to have so many great outside partners who deliver on the promise of great service and execution. One of these partners is Brigette Lafferty, a Retirement Plan Administrator with Rea & Associates. Brigette has over 14 years of experience in this industry and as a grizzled veteran of […]

Business owners agree that having a robust benefits package is critical to attracting and retaining top talent. Included in that package is a retirement plan, typically a 401(k) plan, with some type of employer contribution to give employee savings a boost. But what happens when employees aren’t taking care of their end of the bargain […]