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...
Apr 2, 2019 | EBP Newsletter, EBP Newsletter
Have you outgrown the need for matching 401(k) contributions? From time to time, it can be helpful to question the way you’ve been administrating your retirement plan. For example, many plan sponsors provide matching contributions on participant 401(k) plan deferrals...
Apr 2, 2019 | EBP Newsletter, EBP Newsletter
First Circuit shifts burden of defending a fiduciary 401(k) breach claim A recent ruling could set the stage for a definitive U.S. Supreme Court opinion regarding retirement plan fiduciaries’ liability on the subject of monitoring plan expenses. The U.S. Court of...
Apr 2, 2019 | EBP Newsletter, EBP Newsletter
How hard should a hardship be to justify a hardship withdrawal from a 401(k) plan? There are more rules than you might think. However, proposed IRS regulations could, according to the agency itself, enable eligible plan participants “to access their money more quickly...
Mar 2, 2019 | EBP Newsletter, EBP Newsletter
COMPLIANCE ALERT Upcoming compliance deadlines: 4/1 Initial required minimum distribution for participants who attained age 70½ in 2018 (applies to qualified plans where the participant is at least a 5% owner and to IRA accounts) 4/15 Deadline for corrective...
Feb 19, 2019 | EBP Newsletter, EBP Newsletter
What to watch out for and how to fix it Administrative glitches are practically inevitable at some point when operating a retirement plan, given the myriad ways things can get off track. Case in point: inadvertently failing to add a newly eligible employee to your...
