It’s Testing Season! | Know Your Options | The 401(k) Turns 40 Winter 2019 Newsletter It’s Testing Season! Upcoming Compliance Deadlines for Calendar-Year Plans (12/31) Know Your Options The 401(k) Turns 40 It’s Testing Season! Qualified plans must perform annual testing to be sure that the plan doesn’t unfairly discriminate in favor of “highly…
DetailsHardships Get a Little Easier / 2019 Cost of Living Adjustments Hardships Get a Little Easier 2019 Cost of Living Adjustments Helping Hands ‘Tis the season… Upcoming Compliance Deadlines for Calendar-Year Plans (12/31) Port in the Storm Winter 2018 Newsletter Hardships Get a Little Easier Earlier this year, the Bipartisan Budget Act of 2018 was passed…
DetailsThe Retirement Income Gap / Helpful Hints for Plan Sponsors Summer 2018 Newsletter The Retirement Income Gap What can cause a shortfall? Social Security – Timing is Everything What happens if you claim early? Retirement Accounts What can employees do to boost their savings? Helpful Hints for Plan Sponsors Upcoming Compliance Deadlines The Retirement Income…
DetailsWho is an Employee? / HSA vs 401(k) Spring 2018 Newsletter Who is an Employee? Employee Definitions HSA vs 401(k) Comparison Chart Upcoming Compliance Deadlines Who is an Employee? Maintaining a retirement plan for your employees is no easy task. At various points during the year, employers and HR department’s field participant questions, help with…
DetailsNavigating Distributions & Under the New Tax Law Navigating Distributions Required Minimum Distributions (RMDs) Hardships and Loans Terminated Participants Mandatory Cash-Outs Under the New Tax Law 401(k) Loan Payback Period gets extended! Re-characterizations of IRAs… Can I take a mulligan? Navigating Distributions The first quarter of the calendar year typically sees an uptick in the number…
DetailsEnd of the Year Checklist As the year-end approaches, our to-do lists can be lengthy. There are holidays to prepare for, employee performance reviews to complete, and, oh, wait, there is also the year-end data collection package from your TPA! We have once again reached that magical time of the year when you get to…
DetailsFiduciary – The New “F” Word There has been a large amount of upheaval in the retirement world as of late and it centers around the “F” word. And by “f” word, I mean “fiduciary.” The New Fiduciary Rule means that many professionals in the finance world that weren’t previously considered fiduciaries will now have…
DetailsRetirement Plan Rx Introduction The latest news regarding retirement plans has centered around service provider fees. While fees are a highly important aspect of managing an employer-sponsored retirement plan, they are not the only metric of your overall retirement plan’s health. A low-cost retirement plan does not necessarily parallel a fruitful pension program for employees. …
DetailsBenefit Communications in an Electronic World With communication mediums like email, text, and IM’s becoming the standard in business industries worldwide, plan sponsors are becoming increasingly interested in abandoning paper processes for a more electronic means of communication with plan participants and beneficiaries. Since e-delivery is not an “all or nothing” prospect, this new approach…
DetailsDealing with Uncashed Distribution Checks and Missing Participants It is estimated that uncashed checks account for billions of dollars, representing a fortune of uncollected funds belonging to plan participants or beneficiaries that they are not able to use and also represent serious issues for fiduciaries. Uncashed distribution checks occur when retirement plan participants fail to…
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