For retirement plan employers, 401(k) nondiscrimination testing is one of the most critical functions of operating a healthy retirement plan—and it’s also an important mandate of ERISA. Here’s a look at some commonly asked questions and need-to-know terms and concepts, as well as how this important task affects your company’s retirement plan.
Reposted from 401(k) Specialist by John Sullivan, Editor-In-Chief
Understated isn’t a term generally associated with Alex Assaley, but he managed to pull it off when describing current market conditions.
“It’s been a really interesting year for investors and advisors,” Assaley, Managing Principal with AFS 401(k) Retirement Services, said from the floor of the Wealth@wor(k) conference in Las Vegas.
In today’s digital world, we all have a lot of data and personal information stored online – information like e-mails, phone numbers, personal contacts, and even financial asset values and information. Most of us trust companies (like banks, financial institutions, social media, and tech firms) to manage and protect this information and provide us with it in a matter of seconds. This raises some concerns about “who has access to this data,” and how can they protect it.
On August 16, 2022, the Retirement Advisor Council recognized Wiley|Wilson, as an honoree of its Financial Wellness Excellence Awards. This recognition was presented at the Retirement Advisor Council’s 2022 Annual Planning Meeting in Des Moines, IA. Connie Burnette of Wiley|Wilson accepted the award on behalf of her team and was recognized for her thoughtful leadership and dedication to providing the best possible employee financial wellness program to her organization.
Bethesda, MD — Alex Assaley and Kevin Phillips of AFS 401(k) Retirement Services recently participated as delegates to the National Association of Plan Advisors’ (NAPA) Annual DC Fly-In Forum, an exclusive gathering of the nation’s leading retirement plan advisors.
At this year’s NAPA 401(k) Summit, the nation’s largest and most prestigious conference for retirement plan advisors and industry leaders, our Managing Principal, Alex Assaley took to the stage to give his final Presidential remarks and share a special story of one of his proudest moments as a retirement plan advisor. You can watch the live presentation below or read through the video transcript.
Alex, as the 2021-2022 President of NAPA.
As retirement plan advisors, we’re often asked about how to evaluate a financial advisor so here are five questions from our team to ask yourself and ensure your current advisor is adequate for your financial life. The beginning of the year is a perfect time to check in on your financial life to ensure you are on target with your financial goals and initiatives. A respectable advisor will have you feeling confident in how your financial life is progressing, and assessing your financial life goes together with evaluating your advisor.
Companies and organizations across America are constantly struggling with two major workplace challenges: attracting top talent, and then, retaining that talent. This is especially true as we go through the Great Resignation when 4.2 million Americans quit their jobs back in October. When an employee thinks about your benefits program, are they content, confused, disappointed, or simply unaware?
Regardless of industry or service, every HR department and Corporate Executive wants to keep their best current and future employees satisfied. In order to push employees to their fullest potentials, leaders in an organization should demonstrate they are making positive strides to better their employees’ lives, both inside and outside the workplace.
Earlier this summer, our team hosted our first virtual “symposium-style” event focused on addressing some of the industry's hot topics and trends, including Financial Wellness in the Workplace; Regulatory and Legislative Initiatives for Retirement and Benefits Plans; and The Future for ESG Investing. While the live event was over six hours long, we have created this series of shorter highlight videos so you can easily digest and use this valuable and informative information within your own organization.
Our second highlight video series is from the "Understanding ESG Investing" panel moderated by AFS 401(k)'s Managing Principal, Alex Assaley. He sat down with Clarice Avery, VP, Investment Strategist of Natixis Investment Managers, and Katherine Collins, Head of Sustainable Investing of Putnam Investments to talk about ESG investing and what companies should know about ESGs and the future of this investment option. Here are a few of the moments from their session together:
Earlier this summer, our team hosted our first virtual “symposium-style” event focused on addressing some of the industry's hot topics and trends, including Financial Wellness in the Workplace; Regulatory and Legislative Initiatives for Retirement and Benefits Plans; and The Future for ESG Investing. While the live event was over six hours long, we have created this series of shorter highlight videos so you can easily digest and use this valuable and informative information within your own organization.
Our first highlight video series is from the "Financial Wellness in the Workplace" panel, moderated by AFS 401(k) consultant Allison Rosenberg. She sat down with two of the area’s top Human Resources leaders – Maggie Crutchfield, Director of Human Resources of the National Women's Law Center, and Felipe Confiño, Vice President, Human Resources & Organizational Development of Signal Financial Federal Credit Union to discuss the strategies and tools they use to engage with their workforce and enhance company culture. Here's are a few of the moments from their session together: