Featured Jobs
|
BPAS
|
|
Nova 401(k) Associates
|
|
The Pension Source
|
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
DWC ERISA Consultants LLC
|
|
Merkley Retirement Consultants
|
|
BPAS
|
|
July Business Services
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
EPIC RPS
|
|
Compensation Strategies Group, Ltd.
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
Search the News Archive
|
6 Matching News Items |
| 1. |
Millennium Trust Company
Apr. 21, 2014
19 pages. Excerpt: "[R]isk management strategies appear to encompass three distinct categories: plan design, funding and investment, and settlement activities. Almost 50 percent of companies with plan assets in excess of $5 billion plan to manage risk only through investment practices, and none expect to transfer all of their obligations to a third party. In contrast, most plans with fewer than $5 billion in assets are not planning to rely only on investment practices. They also plan to manage risk through settlement activities."
|
| 2. |
Millennium Trust Company
Nov. 24, 2018
"90 percent of millennials are most likely to say a retirement savings option is important for staying with a current employer, and 91 percent identify it as an important factor when considering a new employer. However, only 23 percent of small businesses strongly agree that having a retirement benefit would help them attract and retain talented workers.... 45 percent admit they have not spent any time researching retirement programs."
|
| 3. |
Millennium Trust Company
Oct. 24, 2014
"[1] 9.5 million employees change jobs each year. [2] 38 million retirement accounts connected with former employees left with previous employers. [3] $92/year: Average recordkeeping, custody, and administration fee per account. [4] $3.5 billion: Estimated annual cost of DC plan accounts belonging to previous employees. [5] $43.5 billion: Estimated cost of former employees over a 10-year period."
|
| 4. |
Millennium Trust Company
July 23, 2014
35 presentation slides. Topics include: [1] Identify Your Plan Fiduciaries; [2] Fiduciary Standards of Conduct; [3] Establish Internal Controls; [4] Audit Flags: Where do they begin? How do they decide? What catches their attention? [5] Self-Audit: Plan Document Review and Plan Operations Review; [6] IRS Examination Steps; and [7] Being Successful in an Audit.
|
| 5. |
Millennium Trust Company
Apr. 30, 2014
10 pages. Excerpt: "Many plan distribution checks are not received or acknowledged by the former employee ... These uncashed checks represent plan assets and are consequently an ongoing burden for plan sponsors. Uncashed checks ... increase plan costs, complicate plan administration and prevent fiduciary responsibilities from being fulfilled. Automatic rollover IRAs provide a simple, effective solution to this problem."
|
| 6. |
Millennium Trust Company in Bloomberg BNA
Sept. 12, 2013
"Over time, plan sponsors have mailed checks to dozens, hundreds, or even thousands of ex-employees who participated in their plans only to have the checks returned, marked 'address unknown,' or they just remained uncashed. Depending on the size of the plan and how long it has been established, these stale dated checks can represent thousands or even millions of dollars.... Plan sponsors have no option but to continue to invest time and resources trying to communicate with these individuals while, at the same time, keeping detailed records of the balance."
|
|
Syntax Enhancements for Standard Searches
|