Retirement Plans Archives - Financial Planning & Wealth Management

The Top Mistakes Plan Sponsors Make: Part 2

Published On - January 24, 2024

The Top Mistakes Plan Sponsors Make: Part 2

By Ed McClure, CFP®, PPC® Back in 2021, the Employee Benefits Security Administration (EBSA) acquired $1.9 billion in qualified retirement plan violations and other enforcement actions. This means that staying current on plan requirements and preventing costly mistakes is more crucial now than eve...

The Biggest Mistakes I See Plan Sponsors Make- Part 1

Published On - October 12, 2023

McClure Wealth

The Biggest Mistakes I See Plan Sponsors Make: Part 1

By Ed McClure, CFP®, PPC® While sponsoring a workplace retirement plan is a worthy endeavor, it also requires vigilant oversight. Plan sponsors must grapple with many challenges, including adhering to ERISA regulations, discerning fiduciary responsibilities, and staying on top of constantly evol...

2023-7_With the Passage of SECURE 2.0, Is Your Plan Still the Best

Published On - July 13, 2023

McClure Wealth

With the Passage of SECURE 2.0, Is Your Plan Still the Best?

By Ed McClure, CFP®, PPC® It’s no secret that planning for retirement is a challenge for just about everyone. It can be especially difficult for employers sponsoring a retirement plan in light of ongoing legislative changes such as SECURE 2.0. With over 90 potential plan provisions and effective...

2023-6_Everything You Need to Know About Social Security

Published On - June 9, 2023

McClure Wealth

Social Security 101: Everything You Need to Know for 2023

By Ed McClure, CFP®, PPC® You’re probably used to seeing Social Security coming out of your paycheck since your first job, but it can get a little more complicated once you’re ready to actually start participating in it. If you’re at that stage, it means you are looking toward a new and exci...

Published On - May 26, 2023

McClure Wealth

5 Ways Plan Sponsors Can Improve Retirement Outcomes for Their Participants

By Ed McClure, CFP®, PPC® Employees are saving for retirement at an increasing rate thanks to initiatives implemented by plan sponsors during the past two decades. Defined contribution sponsors can play an important part in helping their participants save more for retirement—and the measures for...

Top 5 Questions Your Plan Administrator Can't Answer

Published On - April 26, 2022

McClure Wealth

Retirement Options for Self-Employed Individuals

By Ed McClure, CFP®, PPC® Retirement is inherently more complex if you are self-employed, simply because business owners have to consider a great number of options and scenarios. For any individual company, there are usually multiple options that will technically work, but only one ideal solution....

3 Benefits of Selecting the Right Company Retirement Plan

Published On - March 17, 2022

McClure Wealth

3 Benefits of Selecting the Right Company Retirement Plan

By Ed McClure, CFP®, PPC® Some employers don’t realize the extent to which their companies’ retirement plans play a key role in the overall business—but the way you pay people shapes the company’s culture. People don’t think about their retirement plans every day, but people really beg...

Published On - February 25, 2022

McClure Wealth

Should You Take a Loan From Your 401(k)?

By Ed McClure, CFP®, PPC® If you have a 401(k), you may find yourself needing to access some of the cash before retirement to cover short-term needs. In order to make an early withdrawal, you’ll likely only have access to a 401(k) through a past employer (many plans don’t allow in-service with...

Published On - April 7, 2020

McClure Wealth

CalSavers vs 401(k)s: What is the difference?

With the looming June deadline for the CalSavers program, we have many companies reaching out to financial planners and advisors, including ourselves, and asking us what to do. Should you sign up for CalSavers? What are your alternatives? We’ll walk you through the choices in front of you....

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The Top Mistakes Plan Sponsors Make: Part 2

The Biggest Mistakes I See Plan Sponsors Make: Part 1

With the Passage of SECURE 2.0, Is Your Plan Still the Best?

Social Security 101: Everything You Need to Know for 2023

5 Ways Plan Sponsors Can Improve Retirement Outcomes for Their Participants

Top 5 Questions Your Plan Administrator Can’t Answer

Retirement Options for Self-Employed Individuals

3 Benefits of Selecting the Right Company Retirement Plan

Should You Take a Loan From Your 401(k)?

CalSavers vs 401(k)s: What is the difference?

Contact Us