Jan 3, 2020 | EBP Newsletter, EBP Newsletter
Part of the federal budget bill signed into law in December included the SECURE Act, which, in addition to modifying some of the timing and structure for IRA accounts for individual taxpayers, includes some modifications to Employee Benefit Plans. SECURE Act and...
Dec 2, 2019 | EBP Newsletter, EBP Newsletter
Like so many other facets of retirement plan management, the role of plan advisors who help you with plan investments is governed by ERISA. And it may seem that many plan sponsors speak in ERISA code sections. For plan sponsors, the question is: Do you need a 3(38)...
Dec 2, 2019 | EBP Newsletter, EBP Newsletter
In a tight labor market, employees may feel more confident about finding another job if they’re unhappy with the one they have. For plan sponsors, 401(k) plan participation eligibility requirements take on greater significance in this market. In general, employers can...
Dec 2, 2019 | EBP Newsletter, EBP Newsletter
Losing contact with former participants who have vested benefits remaining in your plan can be problematic for both the former participants and the plan sponsor. The issue becomes more urgent when it’s time for them to begin receiving their required minimum...
Oct 7, 2019 | EBP Newsletter, EBP Newsletter
If your 401(k) plan employer contribution formula for hourly employees includes overtime pay, your plan costs may increase next year — along with your overtime pay outlays. That’s because of the U.S. Department of Labor’s revised rule increasing the income threshold...
Oct 7, 2019 | EBP Newsletter, EBP Newsletter
Some 401(k) plan participants have been known to shoot themselves in the foot when taking aim at higher investment returns. Some of these individuals may not be open to advice but, as plan sponsor, you can still provide information about the dangers of firing blindly...
