Should my small business offer a 401(k) plan? Small businesses like yours are the backbone of the American economy. According to 2020 U.S. Census Bureau data, employers with less than 50 employees made up 94% of all business and employed 39% of all workers[1]. Despite employing a large minority of U.S. workers, small businesses often…
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Questions to Ask Potential 401(k) Advisors According to a recent survey, 47% of plan sponsors are looking for a new plan advisor[1]. Are you one of them? If you’re actively looking for a new advisor for your plan or even if you’re just looking as part of a regular due diligence process, here are 6…
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What Should Plan Sponsors Know About SECURE Act 2.0? By Jake Preston Improving retirement readiness seems to be the one thing Congress can agree on! SECURE Act 2.0 was signed into law by President Biden on December 29, 2022 as part of a larger spending package passed by Congress. If you remember, the original SECURE…
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Faith-based nonprofit organizations form part of the bedrock of communities around the country. The mission-aligned services these organizations provide have a positive impact on the community and those they serve. Churches, crisis pregnancy centers, homeless care and shelter, addiction recovery, foster care, adoption, family and pro-life advocacy, education, healthcare, refugee resettlement…the list of services Christian…
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Roanoke, VA – December 12, 2022 LightPoint™ Portfolio Solutions (“LightPoint”), an asset manager committed to biblically responsible investing for over 25 years, is pleased to announce that it is one of three winners of the 2022 Best GIPS® Policies and Procedures Contest. The Best GIPS® Policies and Procedures Contest is sponsored by The Spaulding Group,…
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The DC Plan is the Top Benefit for Higher Education Institutions College and university administrators view a defined contribution retirement plan as the most important benefit for attracting and retaining top talent to their organizations. A recent survey released by Voya of higher-ed administrators adds to the growing data from diverse sectors that recognizes the…
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Do you know how much your retirement plan costs? The Employee Retirement Income Security Act of 1974 (ERISA) obligates plan fiduciaries to defray reasonable expenses of administering the plan, yet surveys show that many employers do not really know what fees they are paying for the plan, have not reviewed fee disclosures in the last…
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Beacon Wealth Consultants Announce New Director of Advisory Services Roanoke, VA, October 18, 2022 – Beacon Wealth Consultants, a wealth management company committed to faith-based investing, is pleased to announce that Jake Preston, CFP® has accepted the role of Director of Advisory Services. Preston interned with Beacon Wealth for two years while studying financial planning…
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Despite market downturn, plan participants stay the course Finally, some good retirement news! Despite the increased market volatility and belt tightening caused by inflation, most 401(k) and 403(b) participants are sticking with their retirement plan. The Investment Company Institute surveyed recordkeepers representing over 40 million participant accounts. The results show[1] that participants are still contributing,…
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Do you really know what benefits your employees want? When it comes to employee benefits, a defined contribution plan is the second most desired benefit after health insurance. A recent survey from the Transamerica Institute asked employees and employers about the most valued benefits and 89% of employees said a retirement plan was somewhat or…
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