Many plan sponsors and financial advisors want to know how their 401(k) plan stacks up to the typical or average plan. This is often the first question asked when attempting to determine whether an effort should be made to upgrade the features and benefits of a plan.
To help you answer this question, we have identified some of the common performance characteristics and features offered by many 401(k) plans and compiled the statistics below from a variety of sources* that will allow you to benchmark your plan as of 2020.Sixty-point two (60.2) percent of plans have an automatic enrollment feature.
To help you answer this question, we have identified some of the common performance characteristics and features offered by many 401(k) plans and compiled the statistics below from a variety of sources* that will allow you to benchmark your plan as of 2020.Sixty-point two (60.2) percent of plans have an automatic enrollment feature.
Services
Benefit Plans Plus, LLC (BPP) offers a full range of retirement plan services that include consulting resources to fix broken retirement plans, servicing, our custom plan design and administration services for more than 1,650 plans nationwide. We are a retirement employee benefits consulting firm that makes A Measurable Difference for our clients.
Benefit Plans Plus (BPP) serves the niche market of entrepreneurs by specializing in minimizing costs while maximizing results with custom, flexible business owner targeted retirement plan design. In addition we also offer the typical Third Party Administrator duties including - custom retirement plan design and administration services, for 401k, 403b and pension plans under ERISA - Employee Retirement Income Security Act of 1974.
Benefit Plans Plus, LLC offers customized compliance assistance and consulting for retirement plans. We help clients fulfill their fiduciary responsibilities, by. It's never a bad time to review your fiduciary fulfillment, but in our current environment it may be more important than ever. You may have major shortcomings or just need to tweak your procedures.
HEADLINE: The cybersecurity guidance issued this week is an important step towards safeguarding retirement benefits and personal information.' This guidance is directed at plan sponsors and fiduciaries regulated by the Employee Retirement Income Security Act, and plan participants and beneficiaries.
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