Social Security 101, March 2026

We are joined by Zach Lindsay and Jack Wood of MFS Investment Management for this year’s Social Security 101 Webinar. This webinar is for everybody - both employees and employers. The on-demand recording above is 65 minutes and the speakers - along with our advisor, Gina Buchholz - answer audience questions throughout and at the end.

Remember: Social Security benefits are not intended to be your only source of income when you retire

Today’s agenda includes:

  1. How retirement benefits are calculated

    1. Social Security benefits are based on your Full Retirement Age

  2. Options for married couples and divorcees

    1. Spousal benefits and how to calculate spousal benefits

    2. Survivor Benefits

    3. Remarriage and Social Security

  3. Taxes and your retirement plan

    1. Combined income determines if Social Security benefits are taxable

      1. AGI + Tax-Exempt Income + Half of Social Security = Combined Income

    2. Medicare Part B and D premiums

Note: Please feel free to share this recording with any employer or employee who may benefit from our continuing education. This specific webinar is for everyone.

If you’d like to receive a copy of the 2026 Social Security Guide PDF, please submit the web form below and we will email it to you in 1-2 business days. This guide is a resource that provides detailed information about everything covered in the presentation.

Contact Us with Questions

Financial Considerations for the Baby Boomer Generation

This is the first webinar in our generation series for education. In 2026, our advisor, Gina Buchholz, will host three webinars. This webinar is for the baby boomer generation. Upcoming is financial considerations for Gen X and financial considerations for Millennials.

Baby Boomers are the generation born between 1946 - 1964. Because this generation is the closest to retirement or already in retirement, their considerations are different than that of younger generations. Please watch this 48-minute webinar and reach out with any questions.

Register for Gen X Webinar Here
register for millennials webinar here
Contact Us with Questions

Fiduciary Fundamentals - Top 10 Responsibilities of Retirement Plan Fiduciaries

We upgraded our fiduciary training for 2026. This is a training series we have revamped every year since its launch in 2022. There are three fiduciary trainings scheduled for 2026, and the level of each advances throughout the year.

401k Plan Professionals - 2026 Fiduciary Training Series for Retirement Plan Sponsors

February 2026 - Fiduciary Fundamentals

June 2026 - Fiduciary Best Practices

October 2026 - Fiduciary In Action

Register Here for Fiduciary Best Practices
Register here for Fiduciary in Action

In this February 2026 training, our advisor, Jenna Witherbee discusses Fiduciary Fundamentals. We compiled a list of the Top 10 Responsibilities for Retirement Plan Fiduciaries aka Plan Sponsors. Whether your organization has a 401k or a 403b, this information is pertinent to you as a fiduciary to your plan.

Please notice the key that is included on each step in the upper left-hand corner. Certain fiduciary responsibilities are for the entire Plan Committee or Named Fiduciary, while others apply more to a Human Resources / Benefits / Payroll professional, a Chief Financial Officer / person working in a finance role, or in some cases, the advisor to the plan. Our team serves as a fiduciary and the advisor to our client’s plan.

Below is the list that Jenna Witherbee discusses in the 30-minute webinar recording.

The Top 10 Responsibilities of a Retirement Plan Fiduciary


  1. Act Solely in the Best Interest of Plan Participants & Avoid Conflicts of Interest

  2. Follow the Plan Document

  3. Carry Out Duties with Care, Skill, and Diligence

  4. Ensure Fees are Reasonable

  5. Prudently Select and Monitor Investments

  6. Maintain and Follow an Investment Policy Statement (IPS)

  7. Monitor and Document Fiduciary Decisions

  8. Ensure Proper Delegation and Oversight

  9. Ensure Timely and Accurate Plan Operations

  10. Ensure Participant Communications are Clear and Accurate

Note #1: If you’d like the PDF of this presentation, please submit the web form below. We will send it to you in 1-2 business days. Thank you for your interest in our ongoing custom education for retirement plan sponsors.

Note #2: If you’d like the PDF of our Strategic Fiduciary Oversight of your 401(k) Plan Checklist, please submit the web form below. We will send it to you in 1-2 business days.

Contact Us with Questions

2026 Retirement Plan Sponsor Fiduciary Summit - You're Invited

You are invited to our 13th Annual Retirement Plan Sponsor Fiduciary Summit on Thursday, April 30, 2026!

This is an in-person, 1/2 day event, filled with speakers and educational content to empower you in your role as a plan sponsor for your organization’s retirement plan.

NOTE: Clients and prospective clients are all welcome to join us - we would love to have you.

The agenda is below, along with a calendar form to register for the event. Please register in advance so that we have proper headcounts for food and space. Breakfast, lunch, and snacks will be served. The location is The Club at Golden Valley in Minneapolis, Minnesota.

Contact us with any questions

2024 Plan Sponsor Fiduciary Summit at The Club at Golden Valley in Minneapolis, Minnesota with our clients and partners

7 Things No One Tells You About Retirement

You may click the video above to watch and learn as our advisor, Gina Buchholz, discusses 7 Things No One Tells You About Retirement in this 30-minute webinar.

A brief overview of this presentation is included below:

Key Retirement Statistics

Understanding the emotional and financial challenges of retirement is crucial

  • 40% of Americans fear retirement more than death

  • 87% worry about a lack of income during retirement

  • Retired individuals are twice as likely to report symptoms of depression

Historical Context of Retirement

The evolution of retirement systems highlights outdated frameworks

  • The first social security system was created in Germany by Otto von Bismarck

  • 401(k) plans were introduced in 1978 to supplement pension plans

  • Baby boomers may need to fund 70% of their retirement, lasting over 30 years​

  • The number of pension plans decreased from 175,000 in 1983 to 45,000 in 2022

Emotional Challenges in Retirement

Retirement can lead to significant emotional and psychological issues.

  • Retired individuals face a 40% increase in clinical depression likelihood ​

  • 25% of seniors aged 60+ report feelings of isolation and loneliness

  • 65% of people aged 65+ engage in high-risk drinking

Misconceptions About Retirement

Common clichés about retirement can lead to miscalculations ​

  • Retiring with a purpose is more beneficial than simply retiring from work

  • Retirement often magnifies existing habits and behaviors

  • Successful retirement requires proactive planning before reaching retirement age

Longevity and Aging Perceptions

Perceptions of aging vary significantly across different age groups

  • Younger individuals view old age as beginning at 60, while older adults feel it starts later

  • Only 21% of those aged 65-74 consider themselves old

  • Social norms have not adapted to longer life spans, affecting retirement planning

The Paradox of Retirement Work

Retirement does not eliminate work; it transforms its nature

  • New skills and abilities are required for post-retirement activities

  • Successful retirement involves setting boundaries, pursuing passions, and engaging socially

  • Resilience and a positive mindset are essential for overcoming retirement challenges​

Tools and Resources for Retirement Planning

Various resources are available to assist in retirement planning.

  • Worksheets and checklists help facilitate retirement conversations and priorities ​

  • Group discussions encourage sharing insights and experiences related to retirement

  • Scheduling appointments for personalized discussions is encouraged

Contact Us with Questions

Minnesota's New Secure Choice Law: Your Employer Retirement Plan Options Explained

You may click the video above to watch and learn as our advisor, Jenna Witherbee, discusses the New Secure Choice Law for Minnesota employers in this 30-minute webinar.

See below for details on this presentation:

Minnesota’s Secure Choice Retirement Program Overview

The Minnesota Secure Choice Retirement Program aims to enhance retirement savings for employees without access to workplace retirement plans. ​

  • Established to encourage saving for retirement among employees of employers without a retirement plan

  • Effective date is January 1, 2026

  • Approximately 32% of Minnesota's private sector workers lack access to a retirement savings plan.

Employer Requirements for Secure Choice

Employers with five or more employees must comply with the Secure Choice program ​

  • Mandatory enrollment for employers without a retirement plan; employees can opt out​

  • Employers must deduct 5% from employee wages, escalating by 1% annually until reaching 8%​

  • Contributions are deposited into an IRA in the employee's name, with no employer contributions allowed ​

Compliance and Implementation Timeline

The Secure Choice Program will have a phased implementation approach​

  • Soft launch and voluntary enrollment from January 19, 2026, to March 30, 2026

  • Mandatory compliance phase from April 1, 2026, to June 30, 2028.

  • Employers are responsible for deducting and remitting contributions

Investment Options and Employee Participation

Employees can choose between a Roth IRA and a Traditional IRA for their contributions

  • Default option is a Roth IRA, funded with after-tax dollars, allowing tax-free withdrawals after five years if the employee is 59½ or older. ​

  • Employees can opt out or adjust their contribution levels at any time

Comparison of Secure Choice and Employer-Sponsored Plans

The Secure Choice program offers a simpler alternative to traditional employer-sponsored retirement plans ​

  • Secure Choice requires minimal administration and no employer costs beyond payroll deductions

  • Employer-sponsored plans provide more flexibility, higher contribution limits, and the ability to offer employer contributions ​

Pooled Employer Plans (PEPs) Explained

PEPs allow multiple unrelated employers to join a single retirement plan, sharing administrative responsibilities ​

  • PEPs reduce fiduciary responsibilities for adopting employers and provide a professionally managed 401(k) benefit ​

  • These are cost-effective and suitable for small businesses looking to offer competitive retirement plans ​

Advantages of PEPs for Employers

Employers can benefit significantly from adopting a PEP.​

  • Reduced administrative work and fiduciary burden, allowing focus on core business activities ​

  • Economies of scale can lead to a 30%-40% reduction in administrative fees ​

  • Expertise in compliance and risk management ensures adherence to regulatory requirements​

Evaluation Criteria for Retirement Plan Options

Employers should consider various factors when evaluating retirement plan options ​

  • Key questions include compliance simplicity, cost to the employer, desire for employer match, and administrative capacity

  • Understanding workforce size and stability is crucial for selecting the right plan

Ideal Candidates for PEPs and Secure Choice

Certain employers are better suited for PEPs or the Secure Choice program

  • PEPs are ideal for employers overwhelmed with administrative duties or those seeking risk mitigation

  • Secure Choice may suit small businesses with minimal employee interest in retirement plans ​

Learn More about the 401k Collective PEP
Contact Us with Questions

2026 Retirement Planning Considerations + Market Intelligence Update

Jenna Witherbee discusses retirement planning considerations for 2026, including ways to save and new limits, notable 2026 deadlines, pre-tax vs Roth contributions, and strategies to help you stay on track.

And one of our regular guest presenters, Emily Roland, the Co-Chief Investment Strategist with Manulife John Hancock Investmens, provides a timely market intelligence update for January 2026.

A brief recap of what is covered in this webinar is included below. As a reminder, this is two separate presentations. The first half is a market update and the second half is what you should be considering in 2026 as you plan for retirement. Retirement could be next year or 50 years from now — this information is valuable at all stages of life.

Part 1 with guest presenter, Emily Roland

Guest Presenter: Emily Roland's Background

Emily Roland is a seasoned market strategist providing insights to financial advisors, institutional investors, and every day Americans

  • Co-Chief Investment Strategist at Manulife Investments/John Hancock

  • Holds an M.B.A. from Boston College and a B.B.A. from James Madison University

  • Frequently featured in major financial media outlets like CNBC and Bloomberg

Market Intelligence Insights for 2026

The market intelligence report provides a comprehensive outlook on various asset classes and investment strategies

  • U.S. equity outlook is neutral, emphasizing quality at reasonable prices amid a decelerating economy

  • International equity is slightly negative, with a focus on earnings potential and active management

  • Fixed income is slightly positive, favoring high-quality bonds over credit, with expectations of continued rate cuts by the Fed

U.S. Equity Market Positioning

The U.S. equity market is navigating a late-cycle environment with a focus on quality investments

  • Current outlook is neutral, with mid-cap stocks seen as the best opportunity

  • Leading indicators suggest potential economic slowdown, with a negative YoY change in the Leading Economic Index (LEI) at -3.34%

  • Earnings estimates are rising but may be overly optimistic, particularly in sectors like information technology and financials

International Equity Market Dynamics

International equity markets are facing challenges with varying growth rates across regions.

  • The outlook is slightly negative, with downgrades in Europe and emerging markets due to cyclical risks

  • Non-U.S. earnings growth estimates for 2026 are higher than for 2025, particularly in materials and consumer discretionary sectors

  • The U.S. dollar's performance significantly impacts international asset performance

Fixed Income Market Outlook

The fixed income market is expected to provide attractive opportunities, particularly in high-quality bonds

  • The current view is slightly positive, with overweights in mortgage-backed securities and municipal bonds

  • The Fed is anticipated to continue cutting rates through 2026, with the current target range at 3.50% to 3.75%

  • High-yield spreads are tight relative to historical averages, indicating a cautious approach to riskier segments

Economic Indicators and Labor Market Trends

Recent economic indicators suggest a cooling labor market and potential inflation shifts

  • Year-over-year home price gains are declining, impacting inflation, where shelter accounts for 35% of U.S. inflation

  • Job growth has been moderating, with the unemployment rate at 4.6% as of December 2025

  • Initial jobless claims remain low, indicating no immediate labor market deterioration

Municipal Bond Yields and Opportunities

Municipal bond yields are historically attractive, offering potential benefits, especially for A-rated issues.

  • Municipal bond yields are above their 10-year averages: High Yield (5.59%), Municipal (3.60%)

  • Preferred bonds are A-rated due to their attractive yield and higher credit quality

  • Yield to worst for various ratings: AAA (3.42%), AA (3.46%), A (3.86%), BAA (4.48%)

Emerging Market Debt Yield Potential

Emerging market debt presents attractive yield potential despite higher risks

  • 10-year government bond yields are highlighted as a key factor

  • Investing in emerging markets involves risks such as currency volatility and political instability

Cash Balances and Investment Opportunities

High cash balances indicate a potential shift towards more attractive bond investments

  • Money market assets have reached all-time highs, exceeding $7.5 trillion

  • Cash alternatives lag behind bond yields significantly

  • Investors often wait until rates hit cyclical lows before shifting to bonds

Long/Short Strategies in Equity Markets

Long/short strategies can enhance portfolio returns during declining equity markets

  • Long/short strategies have outperformed the S&P 500 in 88% of down years

  • Average total return for S&P 500 during declines was -15%, while long/short averaged -2%

Top Portfolio Ideas for Current Market

A diverse range of investment strategies is recommended for current market conditions

  • Emphasize U.S. quality stocks at reasonable prices for late-cycle positioning

  • Consider mid-cap stocks for a balance of quality and valuation

  • Explore non-U.S. equities in sectors like industrials, technology, and healthcare

  • Target high-quality fixed-income segments, including municipal bonds and investment-grade corporates

  • Infrastructure and long/short strategies are suggested for downside protection

Part 2 with our advisor, Jenna Witherbee is below

2026 Retirement Planning Considerations

Key considerations and limits for retirement planning in 2026

  • 401(k) contribution limit: $24,500 + $8,000 catch-up for those over 50

  • IRA contribution limit: $7,500 + $1,100 catch-up for those over 50

  • Notable deadlines include April 15 for IRA contributions and December 31 for RMDs (Required Minimum Distributions)

Social Security Benefits Overview

Details on Social Security benefits and filing age

  • Full retirement age varies by birth year, ranging from 65 to 67

  • Early filing reduces benefits, while delayed filing increases them up to 132% at age 70

Health Savings Account (HSA) Advantages

HSAs offer triple tax advantages for healthcare savings

  • Contribution limits for 2026: $4,400 for individuals, $8,750 for families, with a $1,000 catch-up for those over 55

  • Funds can be used tax-free for qualified medical expenses, providing significant savings in retirement

Gift Tax and Contribution Limits

Increased limits for gift tax exclusions and contributions to 529 plans

  • Annual gift tax exclusion: $19,000 per individual, $38,000 per couple

  • 529 plan contributions can be treated as spread over five years, allowing for larger gifts

Note: If you’d like the PDF of this presentation, please submit the web form below. We will send it to you in 1-2 business days. Thank you for your interest in our ongoing custom education for retirement plan sponsors and plan participants.

Contact Us with Questions

Roth Catch-Up Requirement: New Legislation Effective January 1, 2026

Effective January 1, 2026, there is a new Roth Catch-Up Requirement for Americans. In the under 5-minute video above, our advisor, Gina Buchholz, explains the requirement and everything you need to know.

Roth Catch-Up Requirement

  • On December 29, 2022, the SECURE 2.0 Act was signed into law

  • Provides significant changes to improve retirement readiness for all Americans

  • One key revenue driver is the Roth Catch-Up Requirement

  • Originally effective in 2024, it was delayed and now effective in 2026

What is Roth Catch-Up?

Starting in 2026, the new legislation will apply to:

  • Employees turning age 50 or older AND

  • Those who’ve earned more than $150,000 in FICA wages in the previous year (2025)

These employees must contribute any and all of the “catch-up” amount as a Roth after-tax contribution.

FICA wages can be found on Form W-2, Box 3. Wage limits may be indexed annually.

2026 IRS Limits for 401(k) Contributions

  • $24,500 Salary Deferral Contribution

    • Up from $23,500 in 2025

    • Applies to 401(k), 403(b), most 457 plans, and the Thrift Savings Plan

  • $8,000 Catch-Up Contribution limit for those over age 50

    • Up from $7,500 in 2025

    • An additional amount that individuals age 50 and older can contribute

  • $11,250 Super Catch-Up Contribution limit for those ages 60-63 

    • This value did not change from 2025

    • This “Super” Catch-Up limit is a higher catch-up limit applies to participants ages 60, 61, 62, and 63, as provisioned by the SECURE 2.0 Act.

What Do I Need to Know?

  • Your 401(k) vendor, payroll provider, and HR team are diligently working together to ensure compliance with the new regulation

  • Understand and monitor your 401(k) contributions for compliance, too

  • Talk to your financial or tax advisor about how the new Roth Catch-Up Requirement may impact your retirement savings strategy

  • Reach out to the 401k Plan Professional Team if you have any questions! You may use the button below.

Contact Our Team With Questions
Register for Upcoming 2026 Webinars

8 Steps to Financial Wellness with New Worksheet Demo, November 2025 On-Demand Recording

Please click the play arrow above to watch this 30-minute on-demand webinar recording. To accompany the 8 Steps to Financial Wellness, we created an interactive worksheet / checklist for our clients. Use the form at the bottom of this page to request this checklist if you’d like to use it.

This webinar is presented by our advisor, Jenna Witherbee. You may use the button below to find the more in-depth video series that provides more detail step by step in one on-demand playlist.

View More In-Depth 8 Steps Video Series

8 Steps to Financial Wellness Overview

Our 8 Steps to Financial Wellness provides a structured approach to working towards financial stability and health

Step 1: Establish an emergency fund

Step 2: Set a goal to save at least 5% through your 401(k) Plan

Step 3: Develop your understanding of credit

Step 4: Pay down non-deductible debt by creating a budget

Step 5: Max out your Health Savings Account (HSA), if applicable

Step 6: Increase your 401(k) contribution annually until you reach 10%

Step 7: Save for higher education expenses through 529 Plan

Step 8: Pay off your home early

Importance of Financial Wellness

Financial wellness is crucial for overall health and well-being

  • Reduces stress and anxiety related to financial instability

  • Improves sleep quality and mental clarity

  • Supports physical health by enabling better healthcare and nutrition choices

  • Enhances emotional well-being and life satisfaction

Step 1: Establish an emergency fund

This bucket of money is not just for emergencies. If it is helpful, you can also think of it as an “opportunity fund.”

  • Aim to accumulate 3-6 months worth of expenses in your savings

  • Do not let unexpected expenses bust your budget. Examples include things like a car breakdown, loss of smartphone, pet emergency vet visit, etc.

  • Consider setting up automatic transfers into a completely separate account that is only for this emergency fund

Step 2: Set a goal to save at least 5% through your 401(k) plan

At a minimum, you should save at least enough in your 401(k) to receive the full employer match. If your company does not have a match, consider starting around 5% and eventually building to 10-15% savings.

  • Alternatives exist if your employer does not have a 401(k) benefit, or if you are self employed. This includes Simple IRA, SEP IRA, Traditional IRA and Roth IRA options.

  • Learn about pre-tax versus Roth savings options

  • Most 401(k) plans have mutual funds as the investment option.

  • The two main factors to consider when selecting your investments are your age and your personal risk tolerance

Step 3: Develop your understanding of credit

Credit plays a significant role in personal finance management

  • Credit can be a valuable tool but may lead to financial trouble if mismanaged​

  • Responsible use of credit builds a positive credit history

  • The 5 C’s of Credit: Character, Capital, Capacity, Credit History, and Collateral are key factors lenders consider

Step 4: Pay down non-deductible debt by creating a budget

Effective strategies for managing and reducing non-deductible debt

  • Create a budget to track income and expenses

  • Identify and reduce non-essential spending

  • Consider debt consolidation to lower interest rates

  • Consider using either the Lowest-Balance Approach or Highest-Interest Rate Approach for debt repayment

Step 5: Max out your HSA (Health Savings Account) if you are covered in a High Deductible Health Plan

HSAs provide tax advantages for medical expenses

  • Max out HSA contributions if covered by a High Deductible Health Plan

  • 2026 IRS limits: $4,400 for individuals and $8,750 for families

  • Contributions are tax-deductible, and funds can grow tax-free

Step 6: Increase your 401(k) contribution by 1% every year until you reach 10%

Gradual increases in retirement savings can significantly impact future wealth

  • Commit to increasing retirement contributions by 1% each year until reaching 10-15%

  • Small savings can accumulate significantly over time

  • Evaluate and adjust contributions annually, especially after receiving bonuses or a raise

Step 7: Save for higher education expenses through 529 Plan

529 Plans are effective for saving for education costs.

  • 529 accounts can be opened through various financial institutions

  • Contributions can be automated from bank accounts

  • Funds can be used for qualified education expenses, offering tax benefits

Step 8: Pay off your home early

Considerations for paying off a mortgage ahead of schedule

  • Assess overall financial health before making extra payments

  • Explore refinancing options for better interest rates

  • Weigh the benefits of paying off the mortgage against potential investment opportunities

Register for Upcoming 2026 Webinars

Please let us know if you would like the 8 Steps to Financial Wellness Worksheet PDF. Use the form to submit your request and we will send it to you in 1-2 business days. Note - You must be a client to receive this resource. Thank you for your interest.

Contact Our Team With Questions

Fiduciary Training 301 - Strategic Fiduciary Oversight for 401(k) Plans, October 2025 On-Demand Recording

Please click the play arrow above to watch this 30-minute on-demand webinar recording. We created a checklist for retirement plan sponsors to better understand if they are meeting expectations for strategic fiduciary oversight of their organization’s 401(k) plan. Use the form at the bottom of this page to request this checklist if you’d like to use it.

This webinar is presented by our advisor, Jenna Witherbee. It is the third of three in our 2025 Fiduciary Training series. You may use the button below to find all three trainings from 2025 - 101, 201, and 301 - in one on-demand playlist.

View all Three 2025 Fiduciary Training Videos


Below is an overview of what you’ll learn in Fiduciary Training 301 - Strategic Fiduciary Oversight for 401(k) Plans

Agenda - consists of more advanced concepts for Retirement Plan Sponsors

  • Brief Recap of 101 and 201

  • Investment Due Diligence at the Next Level

  • Plan Design Strategy

  • Insurance & Protection Layers

  • Documentation & Fiduciary File

  • Audit Readiness

  • Cybersecurity

Understanding Fiduciary Roles and Responsibilities

Fiduciaries are responsible for managing plans in the best interest of participants and beneficiaries. ​

  • Key duties include managing plan expenses, ensuring diversification of investments, and adhering to plan documents

  • Fiduciaries must act with care, skill, prudence, and diligence

Investment Policy Statement (IPS) Importance

The IPS outlines the investment strategy and guidelines for the retirement plan. ​

  • It ensures compliance with ERISA Section 404(c) and provides participants with control over their investments ​

  • The IPS includes provisions for a qualified default investment alternative (QDIA) to limit fiduciary liability

Revenue Sharing and Fee Structures

Understanding fee structures is crucial for transparency and cost management in retirement plans

  • Revenue sharing involves using expense ratios that include fees for recordkeeping and advisory services

  • Zero revenue sharing funds provide greater transparency and are increasingly utilized in larger plans

Plan Design Strategy for 401(k) Plans

A well-structured plan design can enhance employee benefits and support business goals.

  • Key elements include eligibility, employer contributions, distributions, and automatic features like auto-enrollment

  • The primary goal is to attract and retain talent while ensuring adequate retirement savings for employees​

Insurance and Protection Layers for Fiduciaries

Fiduciaries should consider insurance options to mitigate risks associated with plan management.

  • ERISA fidelity bonds are required to protect against employee fraud, covering 10% of plan assets up to $500,000 ​

  • Fiduciary insurance is advisable but not mandatory, providing additional protection for plan administrators

Documentation and Audit Readiness

Maintaining thorough documentation is essential for compliance and audit preparedness.

  • The fiduciary file should include plan documents, investment monitoring records, fee disclosures, and meeting minutes ​

  • Regular audits by the DOL and IRS ensure compliance with ERISA and tax regulations

Cybersecurity Considerations for Retirement Plans

Cybersecurity is a critical aspect of protecting participant data and plan integrity.

  • Due diligence on service providers and ongoing monitoring of cybersecurity practices are necessary

  • Documentation of cybersecurity measures is essential for compliance and risk management

Optional Fiduciary Training and Credentials

Fiduciary Essentials® for Defined Contribution Plans offers additional training for fiduciaries.

  • The program includes three sessions, quizzes, and a course assessment to enhance fiduciary decision-making

  • Resources such as checklists and compliance calendars are provided to support fiduciaries

Upcoming Webinars and Educational Opportunities

We have 16 webinars scheduled for 2026. Our aim is to provide ongoing, relevant education for plan sponsors and participants. You may register for all of those trainings today by visiting our “On-Demand Education” tab at the top of our website.

  • The next Fiduciary Training webinar for plan sponsors is on February 19th, 2026 - use the button below to register today

Register for 2026 Fiduciary Training 101

Please let us know if you would like the Strategic Fiduciary Oversight of your 401(k) Plan Checklist PDF. Use the form to submit your request and we will send it to you in 1-2 business days. Thank you for your interest.

Contact Our Team With Questions

Minnesota Paid Family Medical Leave & Employment Law Update, September 2025 On-Demand Recording

Please click the play arrow above to watch this 30-minute on-demand webinar recording.

We are grateful to Genevieve Frazier with Maguire Agency and Evon Spangler with Spangler & de Stefano, PLLP for co-hosting this timely update for Minnesota Paid Family Medical Leave and related employment laws.

Genevieve Frazier with Maguire Agency and Evon Spangler with Spangler & de Stefano, PLLP

Contact Genevieve Frazier
Contact Evon Spangler

Agenda

  1. Paid Family Medical Leave - what you need to know and do now

  2. Employment Law Update - PFML vs. ESST

  3. Employment Handbook - what you need to know and do now

Below is a recap of what is covered in the on-demand recording.

Minnesota Paid Family Medical Leave Overview

The Minnesota Paid Family Medical Leave (PFML) program is set to provide paid leave benefits to employees starting January 1, 2026. ​ Payroll deductions for employers and employees begin on January 1, 2026. ​ Premiums are due by April 30, 2026, based on wages from the first quarter of 2026. ​ All employers with employees in Minnesota are required to participate. ​ Employees become eligible after 90 days of employment, with exceptions for independent contractors, federal employees, self-employed individuals, and certain seasonal workers. ​

Employee Eligibility and Coverage Details

Eligibility for the PFML program is determined by the employee's work location and duration of employment. An employee's work is considered covered if 50% or more is performed in Minnesota. Employees must have worked at least 80 hours in a year to qualify. ​ Independent contractors and certain seasonal employees are excluded from eligibility. ​

Funding Structure for Paid Family Medical Leave

The PFML program will be funded through a payroll tax system, with specific rates for different employer sizes. The initial payroll tax rate is set at 0.88%, with a maximum annual premium rate of 1.1%. ​ Small employers (30 or fewer employees) will have a reduced rate of 0.44%. ​ Contributions can be split equally between employers and employees, with a maximum weekly contribution of $14.90 each ($29.80 per week in total).

Benefits and Leave Duration Under PFML

Employees are entitled to a maximum of 20 weeks of paid leave per year, with benefits based on income levels. ​ Employees earning 50% or less of the statewide average weekly wage (SAWW) receive 90% of their wages. ​ Those earning between 50% and 100% of the SAWW receive 66%, while those earning above 100% receive 55%. ​ Leave can be taken for personal health conditions, family care, or safety leave, with a maximum of 12 weeks for each category. ​

Filing Claims and Benefit Eligibility

The process for filing claims and determining eligibility for benefits is clearly outlined. Claims must be based on a qualifying event lasting at least seven consecutive days. ​ Benefits take effect on the Sunday of the week when the application is submitted. ​ Employees can request retroactive payment for benefits if they were incapacitated or unable to apply on time. ​

Anti-Retaliation Protections Under PFML

The PFML law includes protections against employer retaliation for employees exercising their rights. Employers cannot discharge, discipline, or discriminate against employees for requesting leave or benefits. ​ Employers must not obstruct the application process for leave or benefits. ​

Comparison of Paid Family Medical Leave (PFML) and Earned Sick and Safe Time (ESST)

The PFML program differs from the Earned Sick and Safe Time (ESST) in several key areas. PFML provides job protections and partial wage replacement for qualifying conditions lasting at least seven days, while ESST allows for paid time off for various reasons. ​ PFML starts on January 1, 2026, while ESST is already in effect as of January 1, 2024. PFML offers up to 20 weeks of leave, compared to ESST's maximum of 48 hours per year. ​

Employee Handbook Updates Required

Employers need to revise their employee handbooks to comply with new PFML regulations. Review and update time-off policies to align with PFML requirements. ​ Ensure that the handbook includes mandatory provisions related to PFML and ESST. ​ Employers cannot require employees to exhaust other leave types before taking PFML.

Please let us know if you would like a copy of this PDF presentation sent to you. Use the form to submit your request and we will send it to you in 1-2 business days. Thank you for your interest in Minnesota Paid Family Medical Leave and Employment Law.

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My Brain Made Me Do It: Strategies for Better Investment Decisions, September 2025 - On-Demand Recording

Please click the play arrow above to watch this 45-minute on-demand webinar recording.

Our advisor, Gina Buchholz, presents “My Brain Made Me Do It: Strategies for Better Investment Decisions.”

This presentation provides an opportunity to:

  • Investigate how we typically make decisions

  • Understand how our decision-making process contributes to common investment mistakes

  • Learn how to train our brains to avoid those mistakes

Additionally, you’ll learn about these six common investing mistakes:

  • Loss aversion

    • This is an emotional bias

    • Some financial decisions that are driven by loss aversion include reluctance to sell losing investments, selling winning investments too early, excessive risk aversion, and inaction bias

    • Consider Dollar Cost Averaging

  • Anchoring

    • This is a cognitive bias

    • Anchoring is how well you can concentrate and focus

    • Some financial actors include the Great Depression in the 1930s, the market crash in the 1970s, significant inflation in the 1980s, the Dot-Com Bubble Burst, the Great Recession of 2008, and the Covid-19 Pandemic Downturn

    • You can change your anchors by reviewing the S&P 500 Index data

  • Status quo bias

    • This is a cognitive bias

    • People tend not to change an established behavior unless the incentive to change is compelling

    • Consider asset allocation and rebalancing

  • Procrastination

    • This is an emotional bias

    • Ways to remedy procrastination include making a schedule, revisiting your plan at regular intervals, involving others and holding yourself accountable, learning what motivates you, rewarding yourself for progress toward your goals

  • Hindsight bias

    • This is an emotional bias

    • Hindsight is like locking the barn door after the horse has run away aka taking action after it is too late

    • It is natural to feel emotional about your investments. Common feelings include feeling confident, euphoric, desperate, nervous, defeated, and hopeful

    • Emotions tend to make investors abandon and reenter stocks at the worst times

    • It is important to understand time, diversification, and the volatility of returns

    • Ways to remedy hindsight bias include remembering that you did the best you could with the information you had, reviewing your plan to make sure it still works for you, keeping a long-term perspective, and writing a letter to yourself

  • Availability

    • This is a cognitive bias

    • Think of this as people’s tendency to use the information that’s on hand to make decisions

    • Ways to remedy this include not believing everything that you hear, remembering that bad news sells newspapers and media in general, experts (and your neighbors and friends) can be wrong, systematic investing works in up and down markets

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2025 Retirement Plan Sponsor Fiduciary Training, On-Demand Recordings

As your retirement plan advisor, we provide you and your team with continuous education to support your role as both a plan sponsor and a fiduciary to your organization’s retirement plan.

This three-part fiduciary-focused webinar series is for any retirement plan sponsor looking to refresh their knowledge or onboard into that role for the first time.

Each on-demand video is about 30-minutes and it is presented by our advisor, Jenna Witherbee. To watch the playlist above, click on one of the videos to begin.

2025 Fiduciary Training 101: Your Role as a Fiduciary + Basic ERISA Fiduciary Duties + Administrative Best Practices + Educating and Empowering Participants

2025 Fiduciary Training 201: Hot Topics for Fiduciaries

—Plan Sponsors face an ever-changing landscape and this session focuses on what should be top of mind today and into the future for retirement plan sponsors

2025 Fiduciary Training 301: Strategic Fiduciary Oversight for 401(k) Plans

--Includes a brief recap of 101 and 201, Investment Due Diligence at the Next Level, Plan Design Strategy, Insurance & Protection Layers, Documentation & Fiduciary File, Audit Readiness, and Cybersecurity Considerations

Watch 101 Here
Watch 201 here
watch 301 here
Contact Us with questions

Medicare 101 Webinar - August 2025 - On-Demand Recording

Please click the play arrow above to watch this 1-hour on-demand webinar recording.

We are grateful to Ron Bezis of Manulife John Hancock Investments for presenting this important Medicare information. See below to receive a Q&A Guide PDF to accompany this education.

This presentation covers the following areas of Medicare:

  • Medicare's History

  • The Parts of Medicare

    • Part A - Hospital Coverage

      • Think of this like room and board

    • Part B - Outpatient Coverage

    • Part C - Medicare Advantage

      • Private insurance plans that pay instead of Medicare

    • Part D - Voluntary Drug Program

      • Think of this as your pharmacy card

  • When to Enroll

    • IEP - Initial Enrollment Period = a 7 month window before and after your 65th birthday (3 months before and 3 months after)

      • For example: If you turn 65 on May 20, your Medicare IEP would run from February 1 to August 31

  • Medicare Cost Sharing

  • Covering the Gaps

    • Medigap

      • Higher premiums, less cost-sharing

    • Medicare Advantage

      • Lower premiums, higher cost-sharing

  • Working Past Age 65

To receive an additional Medicare Q&A Guide PDF, please fill out this form and we will email you the file within 2 business days.

Next Steps - Additional Medicare information resources

The Centers for Medicare and Medicaid

Phone: 1-800-MEDICARE

Website: https://www.medicare.gov/

Medicare Website

Social Security Administration

Phone: 1-800-772-1213

Website: https://www.ssa.gov/

Social Security Website

Under 65 health plans

Phone: 1-800-318-2596

Website: https://www.healthcare.gov/

Healthcare.gov Website

Pooled Employer Plans (PEPs) + 401k Collective On-Demand Recording, August 2025

Pooled Employer Plans are one option for your organization’s retirement plan benefit. This webinar, hosted by our advisor - Jenna Witherbee - is a 30-minute overview of PEPs aka Pooled Employer Plans. Jenna also discusses the recently launched 401k Collective PEP that provides a solution to work with our team as an alternative to the state mandate program.

Today’s agenda includes:

  1. Pooled Employer Plans (PEPs)

  2. State Mandated Programs

  3. Ideal PEP Candidates and Success Stories

  4. Additional Resources for Retirement Plan Sponsors

Note: Please feel free to share this recording with any retirement plan sponsor / fiduciary to an organization’s retirement plan. Our education series is meant to be shared.

If you’d like to learn more about the 401k Collective PEP that gives you access to our team and service model, click the button below.

401k Collective PEP
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Social Security 101 On-Demand Recording, July 2025

We are joined by Zach Lindsay and Jack Wood of MFS Investment Management for this year’s Social Security 101 Webinar. This webinar is for everybody - both employees and employers. The on-demand recording above is a 45 minute presentation with an additional 30 minutes at the end answering audience questions.

Remember: Social Security benefits are not intended to be your only source of income when you retire

Today’s agenda includes:

  1. How retirement benefits are calculated

    1. Social Security benefits are based on your Full Retirement Age

  2. Options for married couples and divorcees

    1. Spousal benefits and how to calculate spousal benefits

    2. Survivor Benefits

    3. Remarriage and Social Security

  3. Taxes and your retirement plan

    1. Combined income determines if Social Security benefits are taxable

      1. AGI + Tax-Exempt Income + Half of Social Security = Combined Income

    2. Medicare Part B and D premiums

Note: Please feel free to share this recording with any employer or employee who may benefit from our continuing education. This specific webinar is for everyone.

If you’d like to receive additional Social Security PDF resources, please submit the web form below and we will email the PDFs to you in 1-2 business days.

The available PDFs cover the following four topics:

  • 2025 Social Security Reference Guide

  • Social Security Spousal Benefits FAQ

  • Social Security Benefits for Widows and Widowers FAQ

  • Social Security Divorced Spouse Benefits FAQ

Contact Us with Questions