Search Results

We have found 104 results matching your search query.

What is Non-Discrimination Testing?

…the likelihood of HCEs receiving refunds you may want to take advanced planning steps to minimize any uncertainty and the consequences of the testing process. Some approaches to adopt are: Make plan participation more attractive to lower-paid employees through plan redesign, adding more investment options,…

Back to Basics: Record Retention

…of legal action, such as participant divorce proceedings or dis-gruntled employee lawsuits. Participant information that should be retained includes: Determination of eligibility Hire and termination dates Beneficiary designations Notarized spousal consents and waivers Loan, hardship, and distribution documentation Hours worked for vesting and allocation purposes…

A Checklist for Plan Sponsors

…than the law requires. Plan Forms. All forms should meet current requirements. Forms that may need updating include beneficiary designation forms, benefit election forms, and the notice of distribution options. If you are unsure whether your plan currently meets all the requirements of our checklist,…

A Tale of Two Businesses

…asset for a small business. Retirement plans can be designed to help small business owners preserve what they have built, achieve the retirement life they want and protect their assets. Think you can’t afford a retirement plan? Think again as you consider the following hypothetical…

ERISA-Related Lawsuits Beg the Question: How Much Is Too Much?

…the plan to ensure it was prudent.” And in December, fiduciaries of M&T Bank’s 401(k) plan reached a $20,850,000 settlement agreement over a lawsuit alleging that eight of the plan’s 23 designated investment alternatives were M&T Bank proprietary mutual funds that cost significantly more than…

Rapid Pace of Legislation in 2020 Could Be Eclipsed by This Year’s

…Protect Social Security disability benefits from harmful regulations and other attacks designed to reduce access to benefits Implement Automatic Individual Retirement Accounts (IRAs) and 401(k)s; require automatic enrollment in 401(k)-type plans. Make the Saver’s Credit refundable, and direct the U.S. Department of the Treasury (Treasury)…

What is Bitcoin?

designed to be tamper-proof via use of complex identifiers. Tech companies such as IBM are starting to enter the blockchain business. While users generally pay a fee for credit card and other financial transactions, proponents claim that Bitcoin transactions are virtually costless. Money, i.e. dollar…