Are your benefits helping employees thrive? With the right tools, you can boost savings, stay competitive, and create a workplace that motivates. Dive into these key strategies to elevate your benefits game. Long-term savings made simple. Encourage employees to focus on their future. Stay competitive, compliant, and cost-effective. Make your benefits a powerful tool. Employee benefits that motivate. Offer benefits that show you care. Get all the tips to improve your benefits strategy and help your workforce thrive.   Read The Full Newsletter Now!   102 WEST HIGH STREET, SUITE 200 GLASSBORO, NJ 08028 HFM Investment Advisors, LLC is a…

Tips for attracting, retaining, and engaging top talent Employee benefits are no longer just extra perks; they’re an essential part of attracting and keeping great employees. A thoughtful benefits program can help create a workplace where employees feel valued and motivated. Here’s how offering the right benefits can make a difference for your team and your business. How benefits help employees stay and succeed When benefits meet employees' needs, they are more likely to stay with their jobs. In fact, 73% of employees say they’d be more likely to stick with their company if their health insurance options were better​​.[1]…

Stay competitive, compliant, and cost-effective Providing competitive benefits is key to building a strong, successful team. Benchmarking is an important tool because it helps you get the data and insights needed to make smart decisions for your benefit plans. It’s also important for meeting rules, avoiding legal trouble, keeping up with industry standards, and supporting your employees. Here’s why benchmarking should be a priority for your company and how you can use it to improve your plans. What is ERISA and why it matters The Employee Retirement Income Security Act (ERISA) sets rules for how employee benefits—like retirement and health…

Improving retirement outcomes means keeping participants focused on the long-term.   Helping employees focus on long-term savings is not easy, especially during uncertain times. Still, employers have seen success. Despite stubborn inflation, a recent survey reports that plan participation and saving rates have reached all-time highs.[1] This is great news, but it’s only part of the solution. Many employees join a retirement plan without fully understanding its purpose. Without such an understanding, they may struggle to stay on track during market volatility, save less than they need, or even cash out early. On the other hand, employees who feel financially…

Auto-enrollment and auto-escalation are now standard for new plans. But how can you know if these “table-stakes” are a good option for your plan?   Studies have shown that auto-features, such as auto-enrollment and auto-escalation, help boost participation and savings rates. However, not all plans offer these plan design features, and existing plans aren’t obligated to adopt them. Under the SECURE Act 2.0, new 401(k) and 403(b) plans must include auto-enrollment and auto-escalation, beginning in 2025. Choosing to include automatic features in your retirement plan design is an important and potentially complex decision.   Here are some key factors to…