by Marketing | Nov 16, 2019 | News and Articles
On Sept. 23, the IRS published a final rule that relaxes several existing restrictions on participant hardship distributions from defined contribution plans. Some of these changes are mandatory, requiring employers to make the changes by Jan. 1, 2020, while others are...
by Marketing | Nov 11, 2019 | News and Articles
Being the bearer of bad news isn’t fun. When the third-party administration firm relays that aspects of the annual compliance testing have failed causing many of the company’s executives to receive taxable distributions from the plan, it isn’t a great day for the HR...
by Marketing | Aug 7, 2019 | News and Articles
When it comes to 401(k) plans, plan sponsors have a fiduciary responsibility to distribute a variety of documents and disclosure notices. Imposing this responsibility on plan sponsors helps ensure that participants have the necessary information about the plan...
by Marketing | Jul 19, 2019 | News and Articles
The concept of an “open architecture” recordkeeping platform has been trending in the financial industry lately and it’s not hard to see why. For many years, 401(k) providers offered bundled platforms with fixed investment options (consisting of proprietary...
by Marketing | May 17, 2019 | News and Articles
Though some employers may not think so, the truth is that in today’s world 401(k) plans are subject to fraudulent activity and that the often-overlooked retirement plan can be the perfect place for it to occur. For example, in late 2017, several news outlets...
by Marketing | May 17, 2019 | News and Articles
With the future of Social Security in question, it is becoming ever increasingly important for workers to self-prepare for post-retirement living. Studies show that approximately one out of every three eligible workers choose NOT to participate in their...
