Featured Jobs
|
DWC ERISA Consultants LLC
|
|
The Pension Source
|
|
BPAS
|
|
Nova 401(k) Associates
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
Compensation Strategies Group, Ltd.
|
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
EPIC RPS
|
|
Merkley Retirement Consultants
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
BPAS
|
|
July Business Services
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
Search the News Archive
|
39 Matching News Items |
| 1. |
Pensions & Investments
July 5, 2017
" 'Instead of leveraging the plan's bargaining power to benefit participants and beneficiaries, the Pioneer defendants chose inappropriate, higher-cost mutual fund shares classes,' said the June 28 complaint filed in U.S. District Court in Denver ... These actions 'caused the plan to pay unreasonable and excessive fees for record keeping and other administrative services.' The complaint said the Pioneer Natural Resources USA Inc. 401(k) and Matching Plan had $500.2 million in assets as of Dec. 31, 2015."
|
| 2. |
Benefit Resources, Inc.
May 9, 2024
"Did you just set your plan up last year? Sorry, you still gotta jump through the hoop; see if you can catch a break from your TPA to get it restated on the cheap if you don't change anything. Were you going to terminate your plan, anyway, and are thinking 'now's the time' since you're tired of the administrative expense? Sorry again; every ERISA attorney ... will recommend you restate your plan before you terminate it."
|
| 3. |
Benefit Resources, Inc.
Apr. 21, 2024
"Using a number of factors, including actuarial tables and current participant age and compensation, each participant's contribution is converted to an 'equivalent benefit at retirement' (EBAR).... [C]ross-tested plans allow sponsors to provide different benefits to different groups or classes of employees, even going so far as allowing them to treat everyone individually when designing their allocation!"
|
| 4. |
Benefit Resources, Inc.
Oct. 19, 2023
"Option 1: Potentially (likely) fail the Average Deferral Percentage (ADP) test ... Option 2: Use prior year testing (deemed 3% NHCE deferral rate that first year) ... Option 3: Start the plan for your employees, just don't use it yourself until next year ... Option 4: Start the plan, but expect your only benefit to be from the company."
|
| 5. |
Benefit Resources, Inc.
May 15, 2019
"Allowing for life insurance to be purchased within a qualified retirement plan may be valuable in certain circumstances. Offering this benefit within the plan requires additional administration by a company that understands the nature of the products."
|
| 6. |
Benefit Resources, Inc.
Sept. 7, 2023
"Section 331 [of SECURE 2.0] makes the following changes: [1] Exempts up to $22,000 per disaster from the federal 10% early withdrawal penalty. [2] Spreads the tax liability for the withdrawal over the course of three years, and [3] Gives the participant the opportunity to repay the money to the plan to offset the tax liability. This relief applies to qualified plans with respect to any federally declared disaster occurring on or after January 26, 2021."
|
| 7. |
Benefit Resources, Inc.
Aug. 21, 2023
"If you have a TPA and are wondering how you might be able to tell if they're doing a fantastic job, you might ask them how they help you to identify and correct common errors made by businesses over the course of the day-to-day administration. Here are a few of them."
|
| 8. |
Benefit Resources, Inc.
Aug. 1, 2023
"Ultimately, this change represents an inconvenience for big savers age 50+ who would prefer to make their salary deferrals on a pre-tax basis for planning purposes. Since Catch-up contributions represent only about 25% of the annual deferral opportunity, though, it likely won't have too big an impact on them. From a plan administration perspective, however, this adds a whole new element of oversight and anticipation of how your participants might make use of the plan so you're able to ensure that deferral contributions are taxed properly."
|
| 9. |
Benefit Resources, Inc.
July 2, 2023
"Many retirement plans have no income deferral component to their plan at all and are not affected. Also, many plans do not include a number of hours worked before providing access to deferral contributions in the plan and will find that no employee will meet the LTPT definition and have not already been offered the plan."
|
| 10. |
Benefit Resources, Inc.
June 18, 2023
"More than 100 current provisions governing retirement plan regulations are affected by this legislation ... [P]lan amendments are not available but sponsors should expect to adopt them before the end of the 2024 plan year. Many provisions ... are not recommended for adoption simply due to the lack of comprehensive guidance available. Until any of these changes are adopted by your plan through formal amendment or 'good faith election', you will need to operate your plan according to the amendments until they're adopted."
|
| Next » |
|
Syntax Enhancements for Standard Searches
|