Financial Stress in the Workplace
What are some of the important considerations with respect to financial stress in the workplace?
News and Resources for Retirement Plan Sponsors and Fiduciaries from your Retirement Team at Lagos Wealth Advisors
What are some of the important considerations with respect to financial stress in the workplace?
There are some ideas to help your workforce pay down their student debt through flexible solutions instituted through your company's benefits package.
As a result of the significant rise in revenue sharing litigation it behooves plan fiduciaries to confirm and document the prudence and appropriateness of any revenue sharing arrangement.
Some sponsors may anticipate that their relationship with participants — as well as their responsibilities toward them — will naturally wind down at retirement, even though only about one in five sponsors prefer participants to leave their plans when they exit the workforce. Sponsors should carefully weigh the pros and cons of encouraging retirees to remain on board.
Consider an employer match as a way to benefit your employees and improve company retention.
There are some benefits to partnering with a retirement plan advisor for your plan.