FIDUCIARY INSIGHTS: GUIDE TO CORPORATE RETIREMENT PLANS – 004 Big Changes Coming for Retirement Savers - New 401(k) Catch-Up Provisions (Part 2) Jeff J. Kim As someone who has spent years helping clients plan for retirement, I know how crucial it is to maximize every savings opportunity. One of the most effective tools for older workers has been catch-up contributions to their 401(k) plans. With the recent passage of the SECURE 2.0 Act, we're about to see some major shifts in

What Plan Sponsors Need to Know - New 401(k) Catch-Up Provisions (Part 1) Alright, let’s talk about the latest shake-up in the retirement savings game. The SECURE 2.0 Act dropped some major updates to the way 401(k) catch-up contributions work, and if you’re a plan sponsor, you’ve got some serious adjustments to make. But the good news is with a little planning and the right strategy, this could actually be a win-win for you and your employees. Here’s a breakdown of what’s ch

Upcoming 401(k) Plans Mandates Under SECURE Act 2.0 As retirement planning continues to evolve, legislative changes play a crucial role in shaping the landscape of retirement savings vehicles like 401(k) plans. The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in 2019, introduced significant reforms aimed at improving retirement security for Americans. Building upon the success and lessons learned from SECURE Act 1.0, SECURE 2.0 represents the ne

01(k) Plan Fiduciaries: Responsibilities, Challenges and Best Practices. Jeff J. Kim Serving as a fiduciary for a 401(k) plan means you're responsible for managing and overseeing the retirement savings of the people who participate in the plan—usually the employees of a company. This role comes with serious responsibilities, as you must always act in the best interest of the plan’s participants and their beneficiaries. This article explains what it means to be a 401(k) fidu