Search Results

We have found 197 results matching your search query.

Check Fiduciary Liability Coverage

…face personal liability exposure that will not be protected by a fidelity bond. The pension law (ERISA) generally requires that every fiduciary of an employee benefit plan and any other person who handles plan money be covered by a fidelity bond. The fidelity bond protects…

Why Would I Include Life Insurance In My Qualified Retirement Plan?

…the maximum possible deductible plan contribution. IS THERE A COST TO THE EMPLOYEE FOR THE LIFE INSURANCE? Whenever life insurance is included in a qualified retirement plan, the insured is receiving an immediate benefit in the form of the life insurance protection. The value of…

What Do The New Fee Disclosure Rules Do?

…plan. Your service provider can also help by providing you with Q&As from your employees. What is a bundled approach and an unbundled approach, when related to retirement plans? What does this mean in terms of retirement plan providers and the fees they charge? To…

What’s Really New About Investment Outsourcing?

…the defined benefit plans of the employees of the Federal Home Loan Banks. Today we have over 1,400 institutional relationships that involve, in most cases, the complete outsourcing of our clients’ DB or DC plans. So what really is new since 2008? We believe that…

Target Date Funds

…of the employees. Three categories for investing participant’s contributions were established by the Department of Labor; age-based, risk-based and managed accounts. It was determined by the DOL that target date funds (TDFs) were appropriate since they take into account the age or retirement date of…

You’ve Saved Enough to Comfortably Retire. Now What?

…the forest for the trees” scenario. By definition, retirement planning professionals are primarily concentrating on how to help their clients, and those clients’ employees, to develop a prudent savings strategy in order to achieve a comfortable retirement. We see people constantly striving to “hit their…

Why Plan Restatements Provide An Ideal Time To Think About Plan Redesign

…participants achieve long-term successful retirement outcomes and attain retirement readiness. This includes adding features such as automatic enrollment, automatic escalation of salary deferrals and utilization of qualified default investment funds. It is important to consider adopting these features to benefit new employees as well as…

Getting to the Truth of a True Up

Whenever a company offers a retirement plan where the employer matches employee deferrals, the plan document will include information relating to the “calculation” and “funding” periods for the matching contributions. When matching contributions are funded each payroll period, but are required to be recalculated annually,…

Payroll – It’s More than a Detail

Every retirement plan design begins with a study of a company’s payroll. It’s the essential information that drives thinking around how to optimize tax and savings potential for both business owners and their employees. Once a plan is installed, we rely on payroll data to…

The Ins and Outs of Fiduciary Outsourcing for Community Banks

…the bank, it is the named fiduciary who holds the liability in such instances.Such an arrangement can also be of value in the case of multiple employer plans (MEPs), an employee benefit plan that can be maintained as a single plan in which two or…

The Pitfalls of Taking a Loan From Your Retirement Plan

A blog by Richard Rausser, CPC, QPA, QKA, Senior Vice President, Pentegra Retirement Services – July 28, 2015 “I might need my money.” This is a remark that is frequently voiced by retirement plan participants – especially inexperienced investors and/or younger employees – when faced…

Keep It Simple!

…is intended to help participants design their 401(k) plan accounts in an uncomplicated way that is easy to understand. Many companies’ 401(k) plans include simple, yet effective tools, such as automatic enrollment, where the plan sponsor chooses a “default investment” for employees’ contributions. These default…