What Type of 401(k) Plan Document Do I Have and When Do I Need to Update it?

By Wiss, Posted in Employee Benefit Plan Audits

By Craig Erickson When you establish your company’s 401(k) plan, you have to make a range of decisions, from the type of plan and investment tools you’ll offer to participation requirements and guidelines. Once you’ve done this, you need to put it in writing. This is your plan document, a mandatory part of your plan that details its provisions and clearly communicates them to participants. There are three levels of plan documents: Prototype. This off-the-shelf version of a plan docum... read more.

Life is Short. Live it Right; Leave it Fulfilled

By Wiss, Posted in Wiss Gets Personal

By Diana Miller We all have stories. How profound is yours?  How fulfilling is yours? When your time is up, will you leave behind a story people will remember that you are proud of? So here begins my story . . . I was raised in the United States by two immigrant parents, in a non-English speaking household. My father had an 8th-grade education, and my mother only completed 6th grade. I grew up being told you should stay home, cook, clean, be a good wife to your husband, and raise your children. It s... read more.

Choosing Your Own Path

By Wiss, Posted in Wiss Gets Personal

By Brittney Neal  I was born and raised in Ohio. Around the time of my sixteenth birthday my parents and I had to move to upstate New York due to the threat of my dad losing his job. Unfortunately, a few years after moving and settling my dad was laid off again.  Fast forward a few months later, he was thankfully able to find a job in New Jersey, and we have been in this lovely state ever since. For me, moving was a time of fear and excitement. I was scared to leave behind all my friends and ever... read more.

My Sister's Keeper

By Wiss, Posted in Wiss Gets Personal

By Lori Graham Everyone is capable of inspiring others. I was born into a situation that took me a long time to accept and understand the purpose of it all and while I learned how to make the best of it, but that didn’t come easily. Ultimately, life is a gift; however, it doesn’t always feel that way. From the start everyone is given a deck of cards and it is up to you to choose how to deal with them and find your own happiness. I am not resilient; I'm learning to be resilient. And for me,... read more.

Divorce from a Young Adult's Perspective

By Wiss, Posted in Wiss Gets Personal

By Jack Tawil  It happens more than 50% of the time; it happens for many reasons; its emotional result spares few; its societal brand is understood, but a brand nonetheless; it’s happened to me and has possibly in some way happened to you: it’s divorce.  I was a freshman in college thinking, “How can the day get any worse after receiving my worst graded exam since third grade spelling?”. A random phone call from my father instantly set off a trigger. Was it my sick grandm... read more.

Making a Conscious Effort to Choose Happiness

By Wiss, Posted in Wiss Gets Personal

By Carrie Grotz I think I was born a worrier. I used to worry about everything and anything, especially about things out of my control: things that I thought would happen and especially the worry about what others thought about me. I’ve since learned that worry was a big waste of time and caused me low self-esteem and self-confidence. As the years went on, things happened that broke my heart. I lost my grandmother who I was very close to. I loved my mother more than anything in the world and she was... read more.

Strengthening Millennials' Financial Literacy: On the Road to Financial Success

By Wiss, Posted in Financial Planning

By Connor Doyle So, you’ve crash landed in the middle of a city. There’s a funky road going somewhere and a lot of people you don’t know around you are singing and dancing. You’re confused. Last you remember you were safe at home, warm in your bed with your family surrounding you. What happened? College happened – a tornado. Winds whipped around you, you meet some odd characters, got turned in every direction, and have trouble remembering some of the finer details. But now you... read more.

The Hidden Cost of Assimilation

By Wiss, Posted in Wiss Gets Personal

By Shelley Lazarescu My story is one of many Asian American experiences. My parents came to the U.S. with $5,000 in cash and no knowledge of the English language or customs. They uprooted our family from Taiwan due to tensions with China. Through extreme hard work and unlimited sacrifice, they created opportunities to build a better life for my sister and I. We hardly took any vacations but when we did travel, it was back to Taiwan for funerals to pay respects to our family. During those trips, I was even... read more.

My True Self: A Story of Acceptance and Change

By Wiss, Posted in Wiss Gets Personal

By Joel Bockhorn When I was younger, both in Middle and High School, coming to terms with my true identity was a serious challenge. I wanted to have a happy and successful future, but based on what I had come to understand about myself, I feared I wouldn’t have the opportunity to live the future that I wanted, or even have the same privileges that others had. Near the end of my time in Middle School, I had figured out that I was gay. It was something that although I knew was true, I couldn’t a... read more.

Developing Resiliency - Are You a Carrot, an Egg, or a Coffee Bean?

By Wiss, Posted in Wiss Gets Personal

By Kimberly Bustamante A young woman spoke with her mother about how hard things were for her in her life. As soon as one problem was solved, a new one arose. She did not know how she was going to make it. She wanted to give up. She was tired of fighting and struggling. Her mother took her to the kitchen and filled three pots with water, placing each on a high fire. The pots came to boil. In the first she placed carrots, in the second - eggs, and in the last she placed ground coffee. She le... read more.