At Pentegra, we believe successful plan outcomes start with effective plan design. Plan features—automatic features—that better meet the needs of plan participants and plan sponsors can drive successful outcomes for participants and sponsors alike. The Pentegra SmartPath™ is a series of progressive plan design metrics…
…benefit limits will grow more slowly due to use of a lower rate for inflation. “Length of service” awards. Relatively obscure rule; limit raised from $3,000 to $6,000. The big one: effect on plan design of the 20% pass-through tax (see below) Will the 20%…
At Pentegra, we believe successful plan outcomes start with effective plan design. Plan features—automatic features—that better meet the needs of plan participants and plan sponsors can drive successful outcomes for participants and sponsors alike. The Pentegra SmartPath™ is a series of progressive plan design metrics…
…of changes made to the active service death and disability benefits. WHICH PLAN DESIGN FEATURE HAS THE GREATEST IMPACT ON PLAN COSTS? The plan’s benefit formula is key in defined benefit plan design. The benefit formula is the foundation of a pension program affecting both…
…plan. Under a MEP, each adopting employer can maintain an individual plan design, and compliance testing is performed on an individual basis for each adopter. A significant advantage of a true MEP is that only a single Form 5500 for the overall plan has to…
…include: must be run by a PPP (Pooled Plan Provider); must designate one or more bank[2] trustees who are not participating employers to ensure contributions are properly collected and remitted and hold assets for safekeeping; no unreasonable restrictions, fees, or penalties. Electronic Delivery as the…
…have many plan designs and options to offer depending on what we determine may be a best fit for your clients. The temptation is to quote them what they ask for. We think the better approach is to first invest a little time in understanding…
…administrative burden to understanding best practices in plan benefits, this webinar will introduce you to: Common administrative mistakes and how to avoid them Tips and tricks from real Pentegra staff members to streamline your workload Overview of automatic plan features Recommendations for efficient plan design…
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…
…last – viable retirement savings programs to workers who may otherwise be doing without, but also that they are auto-enroll programs. We have long maintained that a smart plan design with automatic features — including auto-enrollment and auto-escalation – can better meet the needs of…
p>Target date funds, also sometimes called ‘age-based’ or ‘time horizon’ funds, are a series of balanced investment portfolios designed to correspond with a particular retirement time horizon. These funds seek to meet retirement goals through a combination of capital appreciation and income. WHY USE TARGET…
Each year, plan sponsors are encouraged to celebrate 401(k) Day by promoting their retirement plan. This year, National 401(k) Day is on September 8. Offering participants a plan designed with their best interests in mind, along with effective savings and accumulation strategies, and corresponding decumulation…