ALL THE LATEST FROM THE TPG BLOG

For this quarter’s commentary, we enlisted the help of Ashley Krause, a senior care advisor with Senior One Source. Ashley was the main presenter at our senior care gathering for clients in March, and we found her material so important that we chose to share it with all of our clients.

Considering that more than 40% of employers now match employee contributions to retirement plans, taking advantage of this opportunity is crucial for improving your financial security. Even if your employer's contribution is modest, neglecting to participate means leaving money on the table.

Effective retirement plan communications do more than just meet DOL requirements; the best ones engage, educate, motivate, and empower participants. Optimize your communications to connect with employees on a personal level, encourage informed decisions, and foster more active engagement with their retirement plan and their financial future.

Target date funds are in high demand these days. According to a recent Sway Research study, total TDF assets reached $3.5 trillion in 2023 — a record level. Moreover, mutual fund target dates began 2024 slightly ahead of collective investment trusts, holding $1.76 trillion in assets compared to $1.71 trillion in CITs, TDF assets in CITs are expected to overtake assets in mutual funds this year as fiduciaries continue to look for ways to reduce fees and access innovative solutions.

TPG’s Employee Benefits Consultant Mark Mills entered the insurance business in 1988 as a sales consultant for one of the nation’s largest insurance brokerage firms. He spent 15 years as an employee benefits consultant and manager of two Fortune 500 insurance companies before joining The Partners Group in 2004. Mark is an Oregon native and graduate of Oregon State University with a BS in business administration. When not at work, he enjoys fitness training and spending time with his family.

Thanks to the SECURE Act of 2019, employers can now offer a retirement plan through a pooled employer plan (PEP). And so, TPG is excited to present this innovative 401(k) option to our clients, called The Partners Retirement Plan.

Preventing Water Damage to Your Home Water damage – whether caused by leaks or condensation - can do more than cause unsightly stains in your home. It can cause permanent structural damage to the home and erode its strength.

Sacrificing Peace of Mind for Insurance Savings? There is a Better Way. Years ago, this brilliant advertisement for Fram Oil Filters featured an auto mechanic reminding car owners that investing a small sum to replace their oil filters regularly will reduce the need for expensive engine repairs later.

Sound investment decisions are rarely made under the weight of worry. The field of behavioral finance points to a number of cognitive distortions that feed on investor fear and can plague participants’ decision-making while compromising their retirement readiness.

Outsourcing allows companies to focus more on their core businesses, rather than spending time on areas outside their expertise. For retirement plan sponsors, outsourcing services makes sense for these reasons as well as others.