Expert Opinion

Every concerning claim does not — and should not — automatically translate into a false claim.

For employers who wish to offer employees earning more than $145,000 a catch-up contribution option, they must first contact their plan recordkeeper to request the changes, which can sometimes take months to be implemented.

Recent studies have shown that employee retention rates are significantly higher when companies provide resources that support their mental health, according to the Top Employers Institute.

With a thoughtful approach and focused plan design, such as a default option, plan sponsors can make the difference in empowering more women to get on track to reach retirement goals.

By allowing employees to participate during work hours, employers are creating a culture of health – and to increase participation, incentives that count toward lower health care premiums or gift cards are more successful.

Many small business employers may be unaware that there are several retirement solutions available to them and that the new federal law covers 100% of the startup administrative costs for employers with up to 50 employees.