PlanPILOT Named to 2019 PLANADVISER Top 100 Retirement Plan Advisers

Posted on by Editorial TeamLeave a comment

CHICAGO, IL – February 18, 2019 – PlanPILOT is pleased to announce it has been named as one of the 2019 PLANADVISER Top 100 Retirement Plan Advisers.

PlanPILOT Recognized as a Top 100 Retirement Plan AdviserThe PLANADVISER Top 100 Retirement Plan Advisers is an annual listing of adviser individuals and teams that stand out in the industry in terms of a series of quantitative measures. These include the dollar value of qualified plan assets under administration (AUA), as well as the number of plans under advisement.

PlanPILOT was recognized in the “Small Teams With $1.8 Billion or More in Retirement Plan Assets Under Advisement” and “Small Teams With 115 Retirement Plans or More Under Advisement” categories.

Read More
The Basics of Retirement Plan Hardship Distributions and Recent IRS Changes

The Basics of Retirement Plan Hardship Distributions and Recent IRS Changes

Posted on by Editorial TeamLeave a comment

Retirement plans can offer a few options regarding early access to saved funds. Under many employer-sponsored retirement accounts, plan participants may have been offered two early distribution options. One was under a hardship qualification and the other, if allowed, was a loan against the amounts they had vested in the plan. It’s important to understand what hardship distributions and loans are and how the funds may be used.

Read More
Five Ways to Increase Millennial Participation

Five Ways to Increase Retirement Plan Participation Among Millennials

Posted on by Editorial Team3 Comments

Millennials — loosely defined as those born between 1981 and 1996 — are quickly becoming the largest generation, slated to surpass Baby Boomers later this year. But unlike Boomers, many of whom are exiting the workforce with the proverbial three-legged retirement stool at their disposal (i.e. defined benefit plan, defined contribution and personal savings, and Social Security), the majority of Millennials haven’t saved a penny for retirement and likely do not have a pension plan, which makes it critical for plan sponsors to make efforts to increase millennial participation.

Read More
Roth 401(k)s Are an Essential Employee Benefit

Roth 401(k)s Are an Essential Employee Benefit

Posted on by Editorial Team2 Comments

Employee retirement readiness is at the forefront of plan sponsor concerns. As a result, many plan sponsors are adding the option for Roth 401(k) contributions of their plan. Roth 401(k)s were first introduced in 2006, and while the adoption rate by employers was initially slow, it has since skyrocketed. As many as 70% of 401(k) plans now offer Roth 401(k) options, alongside the traditional 401(k). While the Roth 401(k) option is not for everyone, plan sponsors should consider providing this option to give employees additional retirement savings options. Having this feature as part of the employee benefits package will make your 401(k) plan more attractive and will allow your organization to remain competitive to attract and retain top talent. We have outlined important points to keep in mind if you’re considering adding a Roth 401(k) option to your plan.

Read More
Addressing Conflicts of Interest

Addressing Conflicts of Interest

Posted on by Editorial TeamLeave a comment

In today’s ever-changing regulatory environment, there is increasing pressure on retirement plan sponsors (from the DOL) and their plan advisors (from the SEC) to address conflicts of interest. The ultimate goal of the new guidelines is to protect your retirement plan participants. More specifically, the DOL and SEC want your employees to receive unbiased advice and to be protected from paying unreasonable fees.

Read More