Plan Sponsor Q&A - Q2 2022
Find Your Perfect Benefit Match
Do you Send Participant Notices via Email? Should you?
Fee Litigation with an Odd “Twist”
The plaintiffs in this case have asserted claims for breach of the fiduciary duties of prudence and failure to monitor fiduciaries. Nothing new so far; however, in addition to naming the typical plan fiduciaries as defendants, the lawsuit also targets members of the board of directors, as well as other officers of the firm who serve on the retirement plan’s fiduciary investment committee.
Why Retirement Plan Sponsors Should Care About Employee Student Loan Debt
IRS/DOL Audits Are Increasing Dramatically - Are You Ready?
If your plan has not been recently audited, it is likely only a matter of time before the Internal Revenue Service (IRS) or the Department of Labor (DOL) comes knocking. If/when you are notified of an audit, early preparation can help streamline the process, keep the investigation narrow, and avoid potential financial penalties and interest.
KerberRose Named to List of Nation’s Top DC Advisor Teams
KerberRose’s Scott Ciullo Named Finalist in PLANADVISER’S Retirement Plan Adviser of the Year Award
Retirees’ Retirement Asset Withdrawal Rate: Will Your Money Last?
Every Plan Should Have a Committee Charter and Here’s Why
Although not legally required by ERISA, a retirement plan committee charter is a very important document for plan governance which may help fiduciaries avoid potential liabilities. Committee Charters are one effective way to “evidence” intent of prudent plan management. Having a charter is a “best practice” all plan sponsors should seriously consider.
What’s the Magic Number When it Comes to Record Retention?
Thanks for the Memories: Gratitude and Financial Wellness
What is an appropriate interest rate for plan loans?
ERISA 3(38) Fiduciary Services
Ten Things to Know About Your Employer’s Retirement Plan
The Auditors Are Coming — Are You Ready?
When It Comes to Planning for Retirement, Participants Want to Hit the Easy Button
Cybersecurity Best Practices for Plan Sponsors
QDIA.... Why is it important?
The qualified default investment alternative (“QDIA”) is arguably the most important investment in a plan’s investment menu. By far the most often selected QDIA investment is a target date fund (“TDF”). TDFs are typically the only investment selection that offers unitized professionally managed portfolios that reflect the participants’ time horizon today and as they go to and through retirement.
Former Employees with Plan Assets are Still Plan Participants
Plan Sponsors should understand that terminated employees who left their account balance in your plan, are still considered participants under ERISA. As such, they have the same rights as current employees. They cannot contribute to their account under the plan but otherwise they have the same ERISA protected rights as plan participants.