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Cross Tested Plans

are tested each year to determine whether a plan satisfies these requirements. Under a CrossTested plan, testing is performed based on benefits received rather than dollars contributed. WHAT MAKES CROSS TESTED PLANS UNIQUE? Cross Tested plans are unique in that they are tested in terms…

How Innovative Plan Design Can Contribute to a Credit Union’s Success

…can change from year to year. What’s more, a company that already has a traditional 401(k) can overlay a crosstested plan or establish a separate profit-sharing plan. Keep in mind that every crosstested plan has its own individually designed formula, allowing a given organization the…

Credit Unions: Make Sure You Know Your Fiduciary

…maintain those fiduciary responsibilities, and to constantly act in the best interest of a plan’s participants, is key to any plan’s ultimate success. Only by knowing your fiduciary – and only by consulting with a professional, time-tested provider — can you attain the ease of…

DOL Criteria for Treating a MEP as “Closed”

…MEPs, but this has not yet been tested with the DOL) Unlikely to Qualify as “Closed” Chambers of Commerce and other business groups with broad membership Payroll service providers who are not PEOs Associations with broad membership among different industries whose members are otherwise unrelated…

Retaining Millennials in the Workplace: Boost Benefits

…her.” To that end, we created a mentoring program and cross trained her for other jobs while she was still performing her regular duties and she kept asking for more. She kept knocking one thing out of the park after the next and made sure…

Getting Our Hands Dirty

…Plains headquarters to clean gardens, dig in the dirt to plant flowers, and create crossword puzzle white boards. This was one of the most productive and fulfilling days – personally and professionally — we agree we’ve all had in a long time, and I guarantee…

The End is Near!..or is it? -Part Two

…at or even above this level, with solid positive returns. In fact, the S&P 500 first crossed the 2.7x multiple in the modern era in the summer of 1995, and spent most of following 15 years above that multiple, through both bull and bear markets….