2010 HRM "Stimulus Package" 7 Best Practices for Your Retirement Savings Plan in a Tough Economy

MMC has released a whitepaper, "HRM best practices responding to impact of market crisis on retirement saving plans," written by MMC, Inc.'s, panel of HRCI/MCLE trainer Dan Van Bogaert discusses 7 best HR practices for your retirement saving plans in a tough economy.

LOS ANGELES, Calif. - "Today's tough economy has caused many employers to react in a survival mode with their retirement savings plans, sometimes without considering potential unintended consequences." said Bogaert." HR professionals must reexamine best practices to control costs; particularly costs related to retirement savings plans, to avoid potential long term problems. HRM can play a key role in helping their organizations ensure that retirement savings plans incentivize employees, especially in the current period of slow economic recovery."

7 suggested best practice areas for retirement savings plans that HRM may want to consider for 2010:

 Hold Investment Managers accountable
 Encourage maximum employee participation
 Equip employees to make informed investment decisions
 Evaluate (or resume) employer match contributions
 Beware of "furlough fallout"
 Plan ahead with pre-retirement planning programs
 Learn Compliance Issues Re: Plan Change

The complimentary whitepaper can be downloaded online at http://www.mmchr.com/mmcresourcecenter/whitepapers


Jennifer Shaw
jshaw ( @ ) mmchr dot com

About Dan Van Bogaert, J.D.
Dan Van Bogaert, J.D. serves on MMC's panel of HRCI/MCLE trainers. In addition to serving as a Human Resources Consultant for MMC's Northern California operations, Mr. Van Bogaert is a widely known and highly regarded law school professor who has extensive experience in training human resources professionals throughout California - which is the nation's hot bed for some of the most complex labor and employment laws. Mr. Van Bogaert has more than 20 years experience in designing, implementing, and overseeing administration of corporate employment policies, benefit plans, and related ERISA compliance practices for the County of Los Angeles among other public and private employers.

About MMC, Inc.
MMC Inc. has been providing HR Consulting and Outsourcing service solutions for over 25 years. Since its inception in 1983, MMC has aligned itself as a strategic partner by streamlining the processes necessary to allow organizations to succeed. By engaging the workforce through efficient Human Resource Outsource management, MMC assures its clients win-win results - a happier, more dedicated workforce and an organization that is performing at its peak. A few of MMC's comprehensive HR services include payroll processing, HR administrative, Workers' Compensation and benefits administration.
For more information please visit (http://www.mmchr.com)


Contact Details

Company Name: Mmc Inc.
Issued By: Jennifer Shaw
Phone: 310-360-5119
Address: 8150 Beverly Blvd. Los Angeles,CA
Zip: 90048
Website: Visit the website

by Jennifer Shaw (few years ago!)

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