With the nation’s economic outlook in question, It’s more important than ever to make sure your retirement plan offerings differentiate your organization from the competition. Whether you’re looking to deepen your bench by attracting top talent or retaining the valued employees you have, evaluate if your retirement benefit is enough to move the needle.
Cyber Security Issues for Plan Sponsors
Four Tips for Increasing Your Retirement Dollars
Five Key Decisions for a Successful Retirement
Life is a series of decisions, and everyone has to live with the results of the decisions they make. One of the most serious decisions that we all face is how to prepare for retirement, but frequently we don’t make the best choices to protect our futures. What are some of the most critical decisions you should make about retirement?
Another Way to Save: Tax Credit for Plan Participants
The SECURE Act - Legislation to help Americans save more for retirement
To address this issue, a new retirement-related bill is making its way through Congress, The Setting Every Community Up for Retirement Enhancement (SECURE) Act. Its purpose is to help Americans save more for retirement by creating new rules to expand and preserve retirement savings, improve the administration of retirement plans, provide additional benefits and create revenue provisions.
Summer Homework for Fiduciaries
Beware of the IRS and DOL: Four Red Flags They Seek on Form 5500
Collective Trusts - The Fastest Growing Investment Vehicle Within 401(k) Plans
For almost a century, collective investment trusts (CITs) have played an important role in the markets. They were originally introduced in 1927. A 2016 study showed that they are the fastest growing investment vehicle within 401(k) plans, with 62 percent of asset managers believing their clients will shift from mutual funds to CITs.¹
The Dreaded 401(k) Refund: Corrective Distributions
Corrective distributions are a headache for plan sponsors and employees alike. Essentially, these refunds mean that your plan has failed testing, and tax deferred money that key employees set aside for retirement has to be returned to them. This is an issue for both you and your employees, in this article we are going to discuss what to do if you fail 401(k) testing and options
Hey Joel! - Is There Regulatory Guidance That Would Indicate Whether Forcing Out Terminated Participants is Favorable to Keeping Them In?
Welcome to Hey Joel! This forum answers plan sponsor questions from all over the country by our in-house former practicing ERISA attorney.
Hey Joel - Is there regulatory guidance that would indicate whether forcing out terminated participants is favorable to keeping them in? What fiduciary liabilities are absolved by forcing them out (assuming this is consistent with the plan document)? ~ Responsible in Rhode Island
Time For A Retirement Plan Check-Up?
Time To Include Health Care in Holistic Retirement Strategy
Health care expenses are one of the most critical issues that workers and employers face today. Historically, both health care and retirement savings have largely been kept separate, but that conversation is changing. As health care is increasingly considered through the lens of financial wellness, employers need to understand the savings options. Pretax and Roth retirement account contributions, along with HSAs, are three common ways that many employees can save for health care expenses in retirement. It’s important to consider the advantages of each.
Hey Joel! - When Does the Five-Year Clock Start for Roth Withdrawals?
President Trump Signs Executive Order Regarding Retirement Savings Plans
Tips for Preventing UnCashed Retirement Checks
Exchange Your Old Retirement Solutions for New Ones
An exchange is a turnkey solution for businesses that allows you to provide the benefit of a retirement plan while offloading some of the administrative and fiduciary responsibilities at a potential cost reduction. A team of professionals work together on your behalf so you can focus on running your business, not your retirement plan.
Student Loan Repayment Program Update
Hey Joel! - I am a Fiduciary/Committee Member to a Retirement Plan. Am I Required to Receive Ongoing Fiduciary Training?
Are You Prepared for an IRS Audit?
The Internal Revenue Service’s (IRS’s) Employee Benefit Audit Program is used to audit and enforce. The IRS’s emphasis, with respect to defined contribution plans is on compliance with the requirements of the Internal Revenue Code (the Code), the plan’s tax qualification and administration of all plan documents. In the event of noncompliance with regulations, the IRS can impose taxes, penalties and interest.