October 9, 2020 Plan Documents… Save or Purge? Many ERISA plan sponsors are unclear regarding a primary fiduciary responsibility concerning plan document retention (which and when documents may … Read More
October 9, 2020 Defined Contribution Recordkeeper Consolidation Continues Empower recently announced an agreement to acquire Mass Mutual’s retirement plan recordkeeping business. The acquisition is expected to capitalize on … Read More
September 14, 2020 Are You Hearing About Financial Wellness? Employers have heard a lot about financial wellness. However, employers don’t always recognize the connection between financial wellness and improved … Read More
September 11, 2020 Have You Ever Considered Offering a Phased Retirement Program? Phased retirement includes a range of flexible retirement approaches that would allow employees approaching normal retirement age the option to … Read More
September 10, 2020 Good News 401(k) Its “Reference Point Report is an annual client data benchmarking report so plan sponsors can review trends and benchmark their … Read More
August 21, 2020 What Happens If An Individual Can’t Pay Taxes While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you … Read More
August 4, 2020 Allowable Plan Expenses: Can the Plan Pay? The payment of expenses by an ERISA plan (401(k), defined benefit plan, money purchase plan, etc.) out of plan assets … Read More
July 29, 2020 What Constitutes Proper Documentation of Retirement Plan Committee Meetings? With most retirement plans, the fiduciary responsibility of selecting and monitoring the plan’s menu of investments is designated to a … Read More
July 27, 2020 Are Your Participants Experiencing a Fee Imbalance? Subsequent to the 2012 implementation of ERISA fee reporting regulations (ERISA 408(b)(2) & 404(a)(5)), the Department of Labor (DOL) began … Read More
June 23, 2020 How and When to Pay Plan Expenses with Plan Assets Some retirement plan expenses can be paid for with plan assets — but many can’t. Which are the “reasonable and … Read More
June 23, 2020 Beware of the IRS and DOL: Four Red Flags They Seek on Form 5500 The Form 5500 is an ERISA requirement for retirement plans to report and disclose operating procedures. Advisors use this to … Read More
June 23, 2020 Is it Time For a Plan Refresh? The duty to provide participants with sufficient information to make consistently informed retirement investment decisions is a basic fiduciary responsibility … Read More
