For not-for-profit organizations, especially those working with high-performing, highly compensated employees, navigating retirement benefits can feel like a tightrope walk. Group benefits often fall short of covering the needs of these top earners, which forces companies to find creative ways to close the gap—both to protect their financial interests and to keep talent happy. Recently, Alex Assaley and David Hauptman of HUB International sat down together to discuss innovative executive benefit strategies to attract and retain top talent in tax-exempt organizations. Let’s dive into some of the key takeaways, and to make it easy, we’ve broken the presentation into shorter videos highlighting the major themes. 

In a surprising turn of events, Margaret Sjostedt (now Losinger) might inherit $1 million from her ex-boyfriend, Jeffrey Rolison, nearly 40 years after their breakup. 

As the workplace continues to evolve, so do the expectations and needs of employees. A key trend is the move towards personalized benefits, departing from the traditional, one-size-fits-all approach. This shift aims to tailor benefits to the unique needs of each employee.

Bethesda, MD —AFS 401(k) Retirement Services, a leading retirement plan advisor firm within HUB International, has been named to the NAPA 2024 Top DC Advisor Team list. This annual list highlights the nation's top retirement plan advisor firms, recognizing their significant impact on the quality of retirement plan advice and their role in building a more financially secure retirement for millions of Americans.

We are thrilled to announce that two of our advisors, Alex Assaley and Jim Keenehan, have been named to the 2024 PLANADVISER Top Retirement Plan Advisers list. This recognition is a testament to their exceptional expertise and dedication to providing top-tier service to retirement plan clients.

As more members of Generation X and younger Baby Boomers approach retirement age, the importance of discussing retirement income options has never been more urgent for employers with defined contribution (DC) plans. The challenge lies in determining the best strategies to help employees convert their DC plan savings into a sustainable source of income in retirement.

As you know, our team has recently joined HUB International. HUB is globally recognized as one of the top five insurance brokers, and their Retirement & Private Wealth team, operating across the United States has over 150 offices and is truly an industry leader. By aligning ourselves with HUB, we’ve opened doors to a variety of employee benefits and risk management services our experts can provide, extending beyond retirement plans and financial wellness programs.

Navigating the complexities of ERISA fiduciary claims and managing a retirement plan can be challenging. There's one recent case that's making waves – the Nunez et al., v. B. Braun Medical Inc. et al. saga. This 63,000-member class action accused B. Braun and its retirement committee of breaching ERISA's fiduciary duties. After a three-day bench trial, the Eastern District of Pennsylvania ruled in favor of B. Braun on all fronts. This victory marks a game-changer in the 401(k) landscape, especially when it comes to investments and recordkeeping fees.

In today's society, it has become the norm rather than the exception for American workers to live paycheck to paycheck, struggling just to make ends meet. Shockingly, a third of Americans have $500 or less saved, while 8.5% have between $501 and $1,000, and 11.4% said they have no savings. This lack of financial preparation leaves them vulnerable to unexpected expenses and places them at a higher risk of financial strain.

Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of AFS 401(k) Retirement Services, LLC (AFS 401(k)) and AFS Financial Group, LLC (AFS Financial, and together with AFS 401(k), AFS).