Aug
15
2024
For many American workers, an employer-sponsored plan is the main way they save for retirement. According to the Bureau of Labor Statistics, approximately 68% of workers had access to employer-sponsored retirement plans.1 The problem is not every worker who has access to a retirement plan takes advantage of them, even when there’s an employer match. People may not realize...
Aug
15
2024
When offering a 401(k) plan or upgrading your current plan, it’s important to understand the basic components of plan design – and which features will best meet the retirement needs of your worksite employees. The ADP TotalSource Retirement Savings Plan (the “Plan”) is a robust 401(k) plan that provides you with flexible plan design options.
What is plan design?
Designing the...
