Leading Edge Wealth Advisors LLC

Writing in JD Supra Ary Rosenbaum states that as a retirement plan sponsor, you have the fiduciary responsibility to look over your plan and part of looking over the plan is preparing for the future. The attached article is about what end-of-year planning a plan sponsor should be doing in maintaining and improving their retirement plan for the coming new year. Click here to view the original article: https://lnkd.in/gwFH-d6N #retirementplans #plansponsors #401k #fiduciary

The U.S. Department of Labor is poised for a potential shift in direction with President Trump’s nomination of Lori Chavez-DeRemer as Secretary of Labor. This move marks a notable decision, as she is recognized for her pro-union stance—a perspective not commonly associated with Republican leadership. In a detailed article from 401k Specialist Magazine, the implications of this nomination are explored, shedding light on how it could impact workplace policies, retirement plans, and the broader labor market. #LaborPolicy #RetirementPlans #WorkplaceTrends #DOL #401kSpecialist https://lnkd.in/gCNABGrG

SECURE 2.0: What Provisions Are Workers Paying Attention To? The SECURE 2.0 Act has introduced significant updates to retirement planning, but which provisions resonate most with employees? Lynn Varacalli Cavanaugh in her article for BenefitsPRO dives into the key features workers are exploring, from automatic enrollment to emergency savings accounts, and why these changes matter for their financial futures. As employers and benefits providers, understanding these priorities can help tailor plans that truly support employee needs. Which SECURE 2.0 provision do you think will make the biggest impact? Let’s discuss! #RetirementPlanning #EmployeeBenefits #FinancialWellness #SecureAct #WorkplaceTrends #FutureOfWork https://lnkd.in/g-T_iTVv

BMO Financial Corp., a division of North America’s eighth-largest bank by assets, was sued in federal court in a complaint seeking class action status regarding the use of 401(k) plan forfeitures by its retirement plan committee. The?complaint filed Wednesday?in the U.S. District Court for the Central District of California adds it a growing list of plan committees being accused of not properly using forfeited funds under the Employee Retirement Income Security Act. BMO, whose parent company, the Bank of Montreal, is based in Canada, wrote via email that the company “does not believe that these claims have merit and will be?vigorously defending against them.” Details are available in this PLANSPONSOR article written by Alex Ortolani https://lnkd.in/gpwmMzMP #fiduciary #fiduciaryduty #plansponsors #hr

Welcome to the latest edition of The Retirement Times! The November issue dives into the latest updates and insights across key topics that matter most to our community of business owners, human resource professionals, and plan sponsors—from industry trends and innovative solutions to practical advice for your business. Whether you're looking for strategies to navigate current challenges or inspiration for growth, we've packed this newsletter with valuable content to keep you informed and empowered. #IndustryInsights #BusinessGrowth #Innovation #ProfessionalDevelopment #Newsletter

In the world of retirement and health plans, cybersecurity often focuses on external threats—like hackers targeting sensitive data. However, internal risks from disgruntled employees shouldn’t be overlooked. Recently, the Department of Labor (DOL) expanded its cybersecurity guidelines to cover all ERISA plans, including retirement, health, and welfare programs. This shift adds a new layer of responsibility for plan sponsors, who now have even more private information to protect. The team at Leading Edge Wealth Advisors LLC covers this and more in the November 2024 edition of The Retirement Times. #Cybersecurity #RetirementPlans #DOLGuidelines #ERISA #InternalThreats

Employee stress and burnout have been on the rise in American workplaces, and the upcoming presidential election—one of the most significant in recent history—is adding fuel to an already critical mental health situation. According to a recent poll by the American Psychological Association, 80% of workers are stressed about the country’s future direction, with these concerns spilling into the workplace. resumebuilder.dev’s research shows election stress has affected productivity and morale for nearly 40% of employees, and 70% of managers expect tensions to grow post-election. Moreover, Alight Solutions 2024 International Workforce and Wellbeing Mindset Study found that over one-third of workers believe the election outcome will significantly impact their jobs. As employers, understanding and addressing these stressors is more important than ever to support our teams through these challenging times. https://lnkd.in/gMRXZCPG

?? The New Digital Workplace: A Tale of Two Realities ???? As remote and hybrid work models continue to evolve, a recent HR Executive article by Jill Barth HR Tech Editor uncovers a growing divide in the digital workplace. While some employees thrive with flexibility and digital tools, others face challenges in engagement, collaboration, and access to resources. This “tale of two Americas” emphasizes the need for leaders to bridge these gaps and create a more inclusive and supportive work environment. For organizations navigating this digital transformation, understanding these disparities is crucial to fostering a culture of equity and belonging. Curious to see what strategies can help close this divide??? https://lnkd.in/gsVV7f64 #DigitalWorkplace #Leadership #EmployeeEngagement #RemoteWork #FutureOfWork

How Does Your 401(k) Stack Up? Average Balances by Generation Revealed A new report breaks down the average 401(k) balances across generations, highlighting how different age groups are preparing for retirement. From Gen Z just getting started to Boomers nearing their golden years, these insights offer a valuable benchmark for anyone looking to gauge their financial progress. As retirement planning evolves, understanding where you stand and identifying opportunities to boost your savings can make all the difference in securing your financial future. Ready to see how your generation is saving??? https://lnkd.in/g_sPnddH #RetirementPlanning #401k #FinancialWellness #Investing #GenerationalWealth

Navigating the Great Wealth Transfer: Strategies for Beneficiaries With an estimated $84 trillion expected to change hands in the coming decades, the Great Wealth Transfer is creating both opportunities and challenges for beneficiaries. A recent article from TheStreet offers key strategies for managing this unprecedented shift in wealth, from understanding tax implications to planning for long-term financial security. As families and individuals prepare for this generational change, proactive planning and informed decision-making will be critical to making the most of these assets. Ready to explore the best strategies for navigating this transition??? https://lnkd.in/eQn8kiHc #WealthTransfer #FinancialPlanning #EstatePlanning #WealthManagement #GenerationalWealth