Plan Sponsor Q&A - Q2 2022
A Window on Wellness
According to a recent survey, Americans currently define financial wellness as simply feeling comfortable with their financial situation. Over 50% believe wellness is defined as having the means to take care of family, not worrying about money or debt, and feeling protected financially from life’s unexpected events.
Find Your Perfect Benefit Match
Keep Your Plan Assets Safe
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.
Early Withdrawals Can Lead to Tardy Retirements and Problems for Everyone: How to Help
Why Retirement Plan Sponsors Should Care About Employee Student Loan Debt
Tax Saver’s Credit: Get the “Credit” You Deserve!
You may be eligible for a valuable incentive – which could reduce your federal income tax liability – for contributing to your company’s 401(k) or 403(b) plan. You may qualify to receive a Tax Saver’s Credit of up to $1,000 ($2,000 for married couples filing jointly) if you made eligible contributions to an employer sponsored retirement savings plan.
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
Planning Financial Futures
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.