Newsletters/Bulletins

/Newsletters/Bulletins

Port in the Storm

Natural disasters can cause upheaval in many aspects of victims’ lives and this destruction often extends to financial matters. What should otherwise be routine compliance for plan deadlines can prove difficult in these extreme events and the government tends to grant temporary relief in such cases.

2018-11-19T15:30:38+00:00November 12th, 2018|Categories: Newsletters/Bulletins|Tags: , , , |Comments Off on Port in the Storm

‘Tis the Season

It’s the time of year when Plan Sponsors scramble to deliver the myriad notices required to be given to their participants. Even with the help of service providers, the sheer number of notices can be overwhelming.

Helping Hands

One of the most prevalent and difficult challenges for many twenty somethings these days is the repayment of their, often substantial, student loan debt. Statistics show that the average college graduate with a bachelor’s degree left school in 2016 with $28,446 in student loan debt.

2018-11-20T23:51:25+00:00November 12th, 2018|Categories: Newsletters/Bulletins|Tags: , , , , |Comments Off on Helping Hands

Hardships Get a Little Easier

Earlier this year, the Bipartisan Budget Act of 2018 was passed by Congress and signed into law. While this law made several changes that impact retirement plans, one provision changing the rules around hardship distributions is particularly notable.

2018-11-12T12:03:47+00:00November 12th, 2018|Categories: Newsletters/Bulletins|Tags: , , , , , , |Comments Off on Hardships Get a Little Easier

Helpful Hints for Plan Sponsors

Being a plan sponsor comes with a good bit of responsibility. You’ve taken the important step of hiring a third-party administration firm to help you navigate the myriad of processes that are required to keep your plan in compliance with applicable regulations. Below are a few helpful hints to keep your plan in compliance, avoid unnecessary corrections, and help to better serve your participants.

2018-08-06T08:44:36+00:00August 6th, 2018|Categories: Newsletters/Bulletins|Tags: , , , , , |Comments Off on Helpful Hints for Plan Sponsors

The Retirement Income Gap

Many American workers participate in company retirement plans, methodically contributing to their accounts over time to fund for life after work. Beyond benefiting from employer-funded plans, retirees commonly draw from additional savings tucked away in IRAs or after-tax savings accounts as well. Add Social Security payments to the mix and it should be a recipe for a secure retirement, right? While many retirees thoroughly plan for their retirement, the rising cost of living and unforeseen expenses can mean the retirement income may fall short of anticipated needs. The difference between your retirement income and actual expenses is known as your Retirement Income Gap.

2018-08-06T08:45:24+00:00August 6th, 2018|Categories: Newsletters/Bulletins|Tags: , , , , , , |Comments Off on The Retirement Income Gap

An Annual 401(k) Audit is NOT an IRS/DOL Plan Audit

With the reporting deadline for employee benefit plans rapidly approaching, it is important to be familiar with the 401(k) audit compliance rules and to know the difference between an annual 401(k) audit performed by a CPA firm and an IRS or DOL 401(k) plan audit.

2018-07-27T08:33:56+00:00July 27th, 2018|Categories: Newsletters/Bulletins|Tags: , , , , , , , , |Comments Off on An Annual 401(k) Audit is NOT an IRS/DOL Plan Audit

RPG Consultants (Recordkeeper & TPA) Demonstrates Operational Integrity & Service Provider Excellence

RPG Consultants was founded on principles of accuracy, integrity, and exceptional client service. We are also committed to continual improvement. Our dedication to doing what is best for you, our clients, prompted us to engage CEFEX, the Centre for Fiduciary Excellence, LLC to audit our processes.

2018-07-02T10:29:42+00:00June 29th, 2018|Categories: Newsletters/Bulletins|Comments Off on RPG Consultants (Recordkeeper & TPA) Demonstrates Operational Integrity & Service Provider Excellence

HSA vs 401(k)

If your company has decided to offer a high deductible health plan, don’t worry, you are not alone. Recent studies show that an increasing number of employers have elected to offer high deductible health plans (HDHP) either to completely replace or be offered in conjunction with a more traditional Health Maintenance Organization (HMO)plan or Preferred Provider Organization (PPO) plan. When sponsoring an HDHP, employers typically offer their employees the ability to contribute to a Health Savings Account (HSA) to help offset the increased deductible associated with the HDHP. In 2015, 24 percent of all workers were enrolled in a HDHP with an HSA savings option. This is a dramatic rise since 2009 when just 8 percent were covered under such plans.

2018-05-03T09:16:07+00:00May 3rd, 2018|Categories: Newsletters/Bulletins|Tags: , , , , , , |Comments Off on HSA vs 401(k)