Inspiring a Cheerful Question Mark

“Graham Smith is still in his twenties. He majored in business at Wheaton, an evangelical Christian liberal arts college in Illinois, where he was influenced by a professor who repeatedly warned of embracing “golden handcuffs” that can trap workers in well-paying yet unfulfilling jobs. When British theologian N. T. Wright came to campus, Smith walked away from the talk with a haunting question: How can you do things in the world that cause others to “write a cheerful question mark” over your life? “ To keep reading click here.

Source: Philanthropy Roundtable

The Importance of Mentoring for Career Development

“Did you know that 75 percent of executives say mentoring has been critical to their career development? According to a recent survey from the American Society for Training and Development, these relationships are invaluable in helping to make important professional decisions.”

We absolutely believe in mentors for all of our employees at Innovest, and we are excited to share this article from ColoradoBiz with you. Click here to read more.

Source: ColoradoBiz

Portman, Cardin Introduce Retirement Savings Bill

“The proposed Retirement Security and Savings Act includes more than 50 provisions aimed at improving coverage with small employers and among part-time workers. It would also reduce barriers to lifetime income options and allow employees to keep retirement savings in qualified plans beyond the current age limit of 70 1/2.” Click here to keep reading.

Source: Rob Portman, United States Senator for Ohio 

401(k) Contribution Deadlines - You Don't Want to Miss Them!

“All 401(k) plan contributions have deposit deadline - and it’s up to 401(k) fiduciaries to meet them. Yet, many employers are unclear about the deadlines applicable to their 401(k) plan. That confusion can easily lead to late contributions. When that happens, there are always consequences for the employer. Click here to keep reading.

Source: www.employeefiduciary.com

Make the Most of Your Charitable Donations Under the New Tax Law

“Deducting charitable donations made in 2018 may pose a problem for many taxpayers this year. That’s not because last year’s tax overhaul limited these donations — most are still deductible, just as they were in prior years. However, the new tax law did increase the standard deduction and limited the deduction for state income and property taxes. That means more filers will find they’re better off simply claiming the standard deduction rather than itemizing deductions, including those for charitable donations. Here are the details behind the changes — and what you can still do to gain tax breaks from your charitable deductions. Click here to read more. .

Source: CBS News

Practical Steps To Building A Powerful Nonprofit Board

“Whether it’s a high school booster club with a $500 budget or United Way Worldwide with its $3.9 billion budget, most nonprofits must have investments from individuals and businesses to achieve its mission. Nonprofits who intentionally and strategically recruit board members that can raise money have an advantage over nonprofits that recruit only for industry expertise, policy or community/industry representation.” Click here to learn more.

Source: NonProfitPRO

Benefit Plan Cybersecurity Considerations: A Recordkeeper and Plan Perspective

“The U.S. has no comprehensive national law governing cybersecurity and no uniform framework for measuring the effectiveness of protections, though retirement plan recordkeepers maintain the personally identifiable information on millions of workers, collecting names, birth dates, social security numbers, and beneficiaries”. Click here to learn more.

Source: The Wharton School, University of Pennsylvania

Janus Henderson Outlines Next-Generation Automatic Plan Features

“Automatic retirement plan features have put significant numbers of employees in the U.S. on a path towards retirement readiness, but employers could still do a lot more to overcome participant inertia.  

This is according to a new white paper published by Janus Henderson, “Defined Contribution Redefined.” According to Janus Henderson researchers, since the enactment of the Pension Protection Act of 2006 (PPA), automatic features have become common within defined contribution (DC) plans such as 401(k)s, 403(b)s and 457s. In particular, the main trio of automatic features—auto-enrollment, auto-escalation and automatically diversified qualified default investment alternatives (QDIAs)—have helped increase DC assets from $3.0 trillion in 2007 to $5.3 trillion in 2017.” Click here to keep reading.

Source: PLANSPONSOR

E-Delivery Bill's Introduction in the Senate Sets the Stage for 2019 Action

“Bipartisan legislation to allow plan sponsors to use e-delivery as the default distribution method for ERISA required retirement plan documents was reintroduced in the Senate in the waning days of the 115th Congress.

The “Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act” (S. 3795) would permit retirement plan sponsors to automatically enroll participants in electronic delivery for plan communications, while providing an opt-out option for employees who prefer to continue receiving paper documents.” Click here to continue reading.

Source: Napa.net