Prior to 2010, there wasn’t a lot of regulation in 403(b) plans. In many instances, Plans didn’t even have a written plan document. It was also common practice for plans to have as many vendors as participants – which made … read more
Considering the current state of the economy and the new and complex regulations, I was pleasantly surprised to read some interesting survey results that indicate the 403(b) retirement plan system appears to be healthier than ever. The 2010 403(b) Plan … read more
Making sound investment-related decisions for an employee benefit plan is an essential part of fiduciary duty. A good investment policy provides a roadmap for a fiduciary agent of where the plan is expected to go. By providing clear procedural guidelines, … read more
Plan sponsors have a fiduciary responsibility to manage the investment options offered to participants. ERISA requires that these investments be monitored on an ongoing basis for appropriate use and continued prudence. In order to ensure this happens, plan sponsors should … read more
Compensation is key for 401(k)’s and other employee benefit plans. In many plans employees make contributions based on a percentage of their compensation. Other times, employer matching or profit sharing uses compensation as the basis for allocating employer contributions to … read more
Finding information on employee benefit plans can be difficult and time consuming. As a service to our clients, and other interested parties who are involved in or in need of employee benefit services, we'll gather all of the information for you. We'll keep you up-to-date on the latest laws and regulations and we will even add our own personal insight into what else is occurring in the employee benefits world. We will provide these posts weekly and hope to get your input and feedback on the various topics. We will also share that feedback with others, as we find appropriate.
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- The Importance of the Plan Document
- 2014 Retirement Plan Limits
- Plan Transfers
- Plan Restatements and Amendments
- Make Your Retirement Savings Plan More Competitive, Effective, and Enjoyable for Your Employees
- Employee Stock Ownership Plans
- Hardship Distributions – IRS Guidelines
- Business Owners – Are You Paying Your Employees’ 401(k) or 403(b) Contributions on Time?
- What Happens If I Don’t Update My Plan Document?
- ERISA Attorneys – Why Have One?