Heritage Institutional — July Retirement Report

Each month, our Heritage Institutional team publishes the Retirement Report, which provides timely news and updates for plan sponsors and fiduciaries of defined contribution plans.  This month’s topics include:

On Stress and Financial Wellness, A Personal Perspective — Brad Knowles gives us his first-hand account of how focusing on his health improved his stress and well-being.

ERISA Fidelity Bond versus Fiduciary Liability Insurance — Plan sponsors often ask, “Is an ERISA fidelity bond the same thing as fiduciary liability insurance?” The answer is no, they are not the same. The two insure different people and have different requirements under the terms of ERISA.

I’m Too Young to Save for Retirement! — Too often, we hear the younger generation of workers tell us saving for retirement is not high on their priority list. It’s easy to understand why retirement may not be a main priority. However, what the younger generation needs to understand is that this may be the most crucial time to begin saving for retirement.

To read the full report, click here.