Plan Sponsor Q&A - Q2 2022
KerberRose Named to List of Nation’s Top DC Advisor Teams
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?
What is an appropriate interest rate for plan loans?
ERISA 3(38) Fiduciary Services
Student Loan Repayment Program
On August 17, 2018, the IRS issued private letter ruling 201833012 (the PLR). The PLR addressed an individual plan sponsor’s desire to amend their retirement plan to include a program for employees that were making student loan repayments. The form of this benefit would be an employer non-elective contribution (SLR contribution).
When Does a Participant Loan Become a Deemed Distribution?
When It Comes to Planning for Retirement, Participants Want to Hit the Easy Button
Cybersecurity Best Practices for Plan Sponsors
2022 Retirement Plan Limits
Webinar Replay - Legal & Compliance ESG Investing
Reminder about the Rules for Hardship Withdrawals
Should Fiduciaries Outsource Retirement Plan Investment Responsibility?
Cyber Security Issues for Plan Sponsors
COVID Relief Bill - Retirement Plan Provisions
The U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID-19 relief bill Monday night.
Collective Investment Trusts — The Fastest Growing Investment Vehicle Within 401(k) Plans
Are Your Participants Experiencing a Fee Imbalance?
Fred Reish, a partner with Drinker Biddle in the Los Angeles office has weighed in on this issue by stating, “While there are no requirements to charge equitable fees, in Field Assistance Bulletin (FAB) 2003-03, the Department of Labor (DOL) indicated that allocating plan expenses is a fiduciary decision that requires fiduciaries to act prudently… Whatever allocation method is used, failure by fiduciaries to engage in a prudent process to consider an equitable method of allocation of plan costs and revenue sharing would be imprudent and a breach of fiduciary duty.”