…only be sponsored by a 501(c)(3)-designated organization, in either a lead sponsor or co-sponsorship arrangement with another 501(c)(3) group. (Plan sponsors in the 403(b) space are primarily hospitals, nonprofit organizations, colleges and school districts.) The sponsor’s only responsibility is to appoint fiduciaries to run the…
…guidance on how to best evaluate these programs and optimally align programs with opportunities. Learn more about the pros and cons of each type of design and how to best meet the needs of the enterprise recordkeeping partner to the investment manager and individual advisor….
Tools Our many retirement planning tools and calculators are designed to take you through the different stages of retirement planning. Get started building your financial future today! 2021 401(k) Day Materials – REFOCUS REVIVE RESET 2020 401(k) Day Materials 2019 401(k) Day – Get in…
…seen since the Pension Protection Act of 2006, when Congress made it easier for employers to enroll workers automatically in 401(k)-type plans. One of the key provisions of the SECURE Act is designed to help those working at small businesses to save for retirement in…
…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)…
…other parties, including the company’s own administrators and other TPAs – is designed to illustrate some of the problems our clients and prospective clients have experienced, and how Pentegra was able to solve them. 5500 Foibles We’ve all been guilty of blindly signing/agreeing to terms…
Pentegra’s plan sponsor tools are designed to help you manage your plan easily and more effectively. Our comprehensive education and retirement planning resources focus on helping participants understand the financial challenge that retirement represents and how to best maximize the plan to meet their savings…
…would be the named fiduciary and act as the ERISA Section 3(16) plan administrator; that one or more bank trustees who are not participating employers are designated to ensure that contributions are properly collected and remitted, and that assets are duly held for safekeeping; that…
…to an automatic enrollment design. Such tax credits encourage employers to do the right thing, both for themselves and their employees. One of the challenges we have had in the past has been getting employers who are not happy with their plans to be more…
…each account in the fund has a person’s name attached to it. However, institutional money market funds, those designated for defined benefit and similar plans, must transact at a floating NAV, meaning the funds’ net asset value can be above or below $1.00. Both retail…
…these problems – most of which a third-party administrator can address – but those which will remain one of your chores? Designing a plan smartly – and sticking with it – is of course the top priority. Doing so in a way that avoids doing…
…As such, it can make decisions about PEPs as outlined under the SECURE Act, although participating employers or another designated third party can also be assigned those duties. (PEPs, incidentally, will be available starting January 1, 2021.) The PEP provisions, in turn, require that each…