Jun 4, 2019 | EBP Newsletter, EBP Newsletter
Upcoming compliance deadlines for benefit plans: 6/30* Deadline for processing corrective distributions for failed actual deferral percentage / actual contribution percentage (ADP/ACP) tests from plans with eligible automatic contribution arrangements (EACAs)...
Jun 4, 2019 | EBP Newsletter, EBP Newsletter
What makes a domestic relations order a qualified domestic relations order, or QDRO? The distinction is essential for retirement plan administrators when deciding whether to accept a state court’s instructions to turn over some portion of a plan participant’s (or, in...
Jun 4, 2019 | EBP Newsletter, EBP Newsletter
Not every plan that benefits retirees is an ERISA plan The fact that a compensation arrangement can provide a substantial source of income in retirement doesn’t make it subject to ERISA. That was the result the U.S. Court of Appeals for the Second Circuit delivered to...
Jun 4, 2019 | EBP Newsletter, EBP Newsletter
Qualified retirement plan sponsors are subject to many disclosure requirements. Here’s a “top ten” (and thus incomplete) list of key required defined contribution plan disclosure documents from the Department of Labor (DOL), offered to reinforce a general...
Jun 4, 2019 | EBP Newsletter, EBP Newsletter
Long after defined benefit (DB) plans became scarce in the private sector, many employees still mourn their departure. With DB plans, participants are given an estimate of their monthly benefit at retirement. However, with defined contribution (DC) plans, participants...
Apr 2, 2019 | EBP Newsletter, EBP Newsletter
A closer look at 401(k) plan expense categories Keeping a sharp eye on your 401(k) plan’s expenses — a fundamental duty of fiduciaries — can require the use of a magnifying glass, at least metaphorically speaking. Take the case of what’s paid out of retirement plan...
