Alex Assaley, AIF®

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Overcoming Unique Retirement Challenges in the Non-Profit Sector

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

Anyone who works in Human Resources knows the positive effect offering high-quality employee benefit programs can have on a workforce. They attract the best potential candidates for new jobs and foster a sense of loyalty and support among current staff, to name a few. No matter the size or industry, administering employee benefits, particularly the retirement plan, can be a complicated process. While the same basic goal may apply to companies and organizations, non-profit organizations face unique challenges when ensuring their retirement plan benefit is the best fit for employees, as well as the organization. 

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Is Financial Wellness Making an Impact for Employees?

“Are my employees on track for their financial picture?”

It's a question we get asked all the time, and whether you're an employee at an organization, an HR  executive, or a Retirement Plan Committee member, everyone wants to know if financial wellness programs are worth all the “buzz”. In this short video, I give my thoughts on why meaningful financial wellness programs are so essential, and I also encourage anyone to check out our 2017 whitepaper, Beyond Retirement: An Examination of Financial Wellness for Employers. This report aims to provide a clearer picture of what an average working American's financial situation looks like and how organizations can create programs to help their employees reach goals throughout their career for today, tomorrow, and their long-term future. 

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Are Collective Investment Trusts a Good Choice for Your Employees’ Investment Menu?

Since its inception, the 401(k) plan has risen to become the most popular employer-sponsored retirement plan in the US. Millions of working Americans put a portion of their paycheck into a 401(k) to save for life after work. While there are many vehicles to help investors save for tomorrow, one that is growing in popularity is the use of collective investment trusts (CITs). These saving vehicles provide individual 401(k) investors the purchasing power of large institutions with improved better pricing. CITs are essentially the Costco or Sam’s Club of the investment world. Finding the vehicle that best aligns with your employee benefits should be top a priority for an organization and their committee members. 

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Be Careful What You Tell Employees About Their Benefits

This content was originally published  by Theodore P. Stein, Esq.

On March 13, 2018, the U.S. District Court in Greenbelt, Maryland, issued a Memorandum Opinion in one of my cases granting summary judgment to my client, a defendant, and dismissing a claim that my client had breached its fiduciary duty under ERISA, the federal statute governing employee benefit plans.  The case is Damiano v. Institute for In Vitro Sciences, et al.  Although the Court ruled in favor of the defendant, the decision should be a wake-up call to employers about the danger of misrepresenting the benefits under a welfare or pension plan—even if the misrepresentation is accidental.

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Everything You Need to Know About the DOL's Fiduciary Rule Delay

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

The process to approve a new Fiduciary Rule by the Department of Labor is proving to be more of a marathon than a sprint. On August 9, 2017, the Department of Labor requested to delay review and applicability of the long-awaited fiduciary rule until July 1, 2019Here we unpack what led to this, what it means for you, and what direction we can most likely expect things to go next. 

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Are Health Savings Accounts the Key to Employees' Retirement?

Employer retirement plans of all kinds, including 401(k)s, have increasingly become seen as the holy grail in the world of retirement benefits. If employers offer a retirement plan (especially if there's a match), then employees will save, and they will be able to happily retire when they want...or at least that's the intent. Overall, while there are many reasons that Americans struggle with saving enough for retirement, even if they have access to a plan through work, there is another benefit that can provide an extra boost from employers: Health Savings Accounts

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Tax Reform: 4 Things Experts Are Saying May Impact Employee Benefits

Since Donald Trump's inauguration on January 20th, 2017, things in Washington, DC have been eventful, to say the least. Of course, depending on who you ask, opinions on recent developments and predictions about what is to come for Americans vary extremely from positive to negative. No matter which side of the political spectrum you fall on, it's safe to say that many changes are about to happen and the employee benefits industry will not be immune to them.

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