Defined Contribution Plans Resources

For many years, plan sponsors have wrestled with the decision to offer loans to their plan participants.  Some consider them to be a benefit and even promote them as a legal way to use tax free money while participating in the plan.  According to the Employee Benefit Research Institute, 87% of plan participants can take

Times can get tough for people. With the onset of Hurricane Harvey having decimated parts of the Gulf Coast and Hurricane Irma following its destructive lead, we are reminded that at any point we may find ourselves in hardship. Companies make layoffs, natural disasters occur, emergencies… well, emerge. With nowhere else to turn, some will

The latest news regarding retirement plans has centered around service provider fees.  While fees are a highly important aspect of managing an employer-sponsored retirement plan, they are not the only metric of your overall retirement plan’s health. A low-cost retirement plan does not necessarily parallel a fruitful pension program for employees.  Studies show that since

With communication mediums like email, text, and IM’s becoming the standard in business industries worldwide, plan sponsors are becoming increasingly interested in abandoning paper processes for a more electronic means of communication with plan participants and beneficiaries. Since e-delivery is not an “all or nothing” prospect, this new approach presents itself as an accessible and

If you have a 401(k) plan, you’ve likely had participants ask about taking loans from their accounts. If you haven’t yet, it is only a matter of time. While the concept of taking a loan is pretty straightforward—you borrow money, you repay it with interest—there are some pretty detailed rules that govern loans in the

A 401(k) plan permits employees to defer a portion of their salaries on a pre-tax basis with the objective of accumulating assets for retirement. Additional assets are accumulated if the employer makes contributions to the participant’s account. With today’s mobile workforce, many distributions are made before retirement because employees usually become eligible to receive distributions

Written by: Erik Mitchell, CPC, QPA, QKA, ERPA – Client Manger I attended the Department of Labor’s program “Getting It Right- Know Your Fiduciary Responsibilities” on August 18 in Newark, New Jersey.  This seminar is part of the Employee Benefits Security Administration’s (EBSA) Fiduciary Education Campaign designed to improve workers retirement security by educating employers

On April 8, 2016 the Department of Labor (DOL) issued final guidance that greatly expands the types of retirement investment advice that will be subject to the fiduciary duty rules under the Employee Retirement Income Security Act of 1974 (ERISA). The so-called “conflict of interest” rule for retirement investments will have a significant effect on

The fall is quickly approaching, and now is the time to help your clients or prospects make the best decisions regarding their retirement program!  Deadlines for putting certain types of retirement plans in place are quickly approaching. Plan Sponsors have until October 1st to put in a Safe Harbor 401(k) Plan for 2016.  Now is

Sooner or later, almost all 401(k) plans will face the “fun” of dealing with forfeitures. Just like every other plan-related operational item, there are specific rules that provide guidance on the “who, what, why, when and where” of using forfeitures. What is a forfeiture? Putting it simply, a forfeiture is the non-vested portion of a