How to access your 401(k) funds for early retirement.
Don't feel overwhelmed by the terms and technical jargon surrounding your 401(k) plan fiduciary responsibilities. This article will provide you with a working knowledge of some of the terms you are likely to encounter.
Forfeitures of employer contributions arising in a 401(k) plan can be used in one of three ways (as outlined in the Plan's adoption agreement).
As a Plan Sponsor, your ears should perk up when you hear "hardship distribution". This article discusses some common failures we see during our audits...
The latest post from our 401(k) audit finding series discusses how the Department of Labor ("DOL") defines late remittances of employee contributions and outlines the corrective action needed.
A critical responsibility of 401(k) plan sponsors is to remit all employee contributions to the trust.
One of the more common 401(k) audit failures - definition of compensation - discussed.
Many fees related to the administration of your 401(k) Plan can be paid utilizing Plan assets.
What is a limited scope 401(k) audit and how does it differ from a full scope audit?
An ERISA Expense Account are plan level accounts established to hold excess revenue that can be used to pay eligible plan expenses.
An explanation of what is meant by a match true-up and an example showing how the true-up works.
After two recent changes in the IRS Form 5500 deadline, we are back to where we started.
When company administering 401(k) plan selects investments is there a conflict of interest?
New 2015 guidance by the IRS alters the corrective action needed by plan sponsors when correcting errors related to 401(k) auto enrollment.
One of the unintended bi-products of adding auto enrollment to your company 401(k) plan can be the unwanted buildup of small account balances. These balances can increase your administrative burdens and drive up the costs to run the Plan.
401(K) Auto Enrollment can lead to unintended consequences. Proper thought and planning can eliminate unwanted surprises.
A new trend is to reallocate 401(k) participant investments into new funds (usually target-date funds) through a process known as re-enrollment.
In late October, the IRS announced the limitations for contributions on retirement plans.
New data shows that 401(k) balances are at all time highs. The news is not all good...
Forbes recently identified some troubling statistics relating to the administration of 401(k) plans.
IRS 2014 Contribution Limits
The third in a series of blog postings that discusses required coverage and non-discrimination testing that a 401(k) Plan must undergo
The second in a series of blog postings that will define some common terms and explain the required annual testing your plan must undergo.
The first in a series of blog postings that will define some common terms and explain the required annual testing your plan must undergo.
Newly required fee disclosures have little impact on 401(k) participant behavior.
Recent reports suggest that one out of every three workers is tapping into their 401(k) savings via hardship distributions.
Below is a short article to help you understand the appropriate time to suspend your employee's 401(k) deferrals.
November 2012 MarketWatch article discussing why a 401(k) plan may not be achieving the desired results.
Contribution limits for 2013 retirement plans.
Few transactions offer more potential for the Plan Administrator to fail than a hardship distribution. Education and vigilance are the keys to navigating the process.
On February 2, 2012, the DOL released the final ruling on Section 408(b)(2) fee disclosures resulting in yet another extension of the effective date...
As the deadline for ERISA Section 408(b)(2) and 404(a) regulations nears, industry leaders are asking for more time.
Retirement plan contribution limits for 2012 have been announced...
The Department of Labor has officially moved the deadline for compliance on fee disclosures.
Changes are coming to the statements participants in your 401(k) plan receive on a quarterly basis. Disclosures of fees deducted from participant accounts will be shown on the face of the statement. The level of detail and the timing of the implementation remain undecided...
Senate bill seeks to make changes to current regulations governing participant loans.
A well written investment policy statement can go a long way in demonstrating that you fulfilled your fiduciary duties.
Being a fiduciary of a 401(k) plan is an important function that comes with a certain level of personal risk.
Do you view your current employee benefit plan audit as a regulatory requirement? When properly planned, an benefit plan audit should provide a value added service.
Deemed distributions occur when a participant fails to repay a loan from an employee benefit plan - the result is the loan becomes taxable income to the participant.
New rules governing the accounting for participant loans by defined contribution plans.
A 401(k) audit is triggered by the number of eligible participants in your plan. Do you know the threshold?
Are you familar with the definition of compensation as it is written in your 401(k) or 403(b) plan? Nearly all calculations from employee deferrals to employer matching are driven by the definition of compensation so you should be...
Definition and uses of Participant forfeitures
You have identified that your Plan may not be in compliance with your Plan Document (or worse with IRS/DOL regulations) - What do you do now?
Department of Labor issues guidance on remitting employee deferrals