ARE FINANCIALLY STRESSED EMPLOYEES IMPACTING YOUR BOTTOM LINE? Did you know that your employees may have financial stress that is impacting your bottom line? According to a national study1, up to 30% of employees report that personal financial issues may cause them to be distracted at work. Of those affected by financial stress, 46% reported spending three hours or more …
Retirement Plan Academy: Retirement Committee Best Practices & Investment Policy Statements
The Trust Company of Tennessee’s Retirement Plan Academy helps plan sponsors build knowledge through concise virtual workshops that offer advice and best practices at no cost.
Retirement Plan Academy: Understanding & Minimizing Plan Fees
The Trust Company of Tennessee’s Retirement Plan Academy helps plan sponsors build knowledge through concise virtual workshops that offer advice and best practices at no cost.
New! Virtual Retirement Account Reviews
The Trust Company of Tennessee is excited to announce a new complimentary resource for plan participants seeking advice on their retirement plan and other retirement planning topics. A Client Specialist is available to provide Virtual Retirement Account Review meetings. These meetings would provide 1-on-1 guidance to plan participants to address concerns such as, but not limited to: Do my investments …
The CARES Act: How does it affect retirement plans and IRAs?
On Friday, March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES), which President Trump signed into law. This act will provide significant relief to both individuals and businesses as they manage the current health crisis and its economic effects.
The SECURE Act – How does it affect Retirement Plans?
The SECURE (Setting Every Community Up for Retirement Enhancement) ACT is a bi-partisan bill that is intended to expand retirement plan coverage to more workers, reduce hurdles for saving, and acknowledges that employees are working and living longer. It provides the most comprehensive legislative enhancements to retirement plans since the Pension Protection Act of 2006. It was enacted on December 20, …
SECURE Act – How are you affected?
With the passing of the SECURE (Setting Every Community Up for Retirement Enhancement) Act at the end of December, you may be asking how or if this impacts your financial plan. A few of the bigger changes are highlighted here.
Behavioral Economics and 401(k)s: Using Plan Design to Fight Irrationality
By: Chad Schollaert, AIF, CRSP, Retirement Services In October, Professor Richard H. Thaler was awarded the Nobel Prize in Economic Sciences. While past winners of the award included groundbreaking works that address large-scale macroeconomic theories and issues that may lack relevance to the average retirement plan participant, Professor Thaler’s work resonates loudly with material implications for both individual retirement investors …