Companies Boost 401(k) Participation


E mployers can help workers grow their retirement savings through a few simple strategies: introducing automatic enrollment in the company’s 401(k) plan, simplifying plan choices and better communicating the benefits. A May study by Hewitt Associates ( ) found that, in companies that had instituted automatic enrollment, the overall employee participation rate rose 14 percentage points.

Clearly, however, more work needs to be done. Although in 2005 the average 401(k) plan balance grew more than 10%, one-third of employees still did not participate in the plan—and one in five didn’t contribute enough to obtain the full company match. Those that contributed only nominal amounts, not surprisingly, were the younger, lower-tenured and lower-salaried employees.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.