…sale, a new Plan Administrator would need to be appointed. Once the new Plan Administrator was officially installed, the plan was put on a course for payout and termination. Conclusion Little thought—if any—is often given to retirement plans in M&A scenarios. Something as simple as…
…fiduciaries have an obligation to ensure proper mitigation of cybersecurity risks. Key Items Responsibilities to manage cybersecurity risks Retirement account online basic rules to reduce the risk of fraud and loss Responsibilities to prudently select a service provider with strong cybersecurity practices and monitor them…
Laws change frequently and retirement plans need to be amended to comply with the most recent requirements. Attend this PENTalk™ to learn how best to approach making changes to your retirement plan.
…payments, or a minister’s parsonage allowance and utilities. Each distinctive item listed in Box 14 should be labeled. Because Form W-2 may not be a reliable source for tracking after-tax contributions, a best practice for a plan participant would be to keep his or her…
ERISA entrusts the care of retirement benefits and the proper operation of retirement plans to “fiduciaries” of the plans, such as the business owners who sponsor them. Fiduciaries who fail can face penalties and personal liability for plan losses. Attend this course to understand fiduciary…
Your TPA Partner Can Help You Win Business When it comes to the administration of retirement plans, most TPAs can execute the work pretty competently. And while there are differences in quality of process and internal expertise, most of this is technical work that happens…
How does an advisor benefit from partnering with a CEFEX-certified TPA? And why is it important? Listen in to find out more….
What does it mean for a Third Party Administrator to be CEFEX-certified?…
…nationwide, delivering among the highest level of expertise and technical support in the industry today. Our flexible arrangement can include an existing recordkeeper, trustee or investment manager. We take TPA services to the next level as a 3(16) Fiduciary Administrator. Our 3(16) Administrator services offer…
…is on the participant to determine in which plan the excess was created and notify the plan administrator of the amount of excess deferrals allocated to the plan. Many plan documents include a provision that imposes a plan administrator notification deadline. IRC Sec. 402(g)(2)(A)(i) permits…
…owners who sponsor retirement plans for employees as “3(16)” fiduciaries under federal law [ERISA Section 3(16)]. A 3(16) fiduciary is responsible for ensuring the plan is operated in compliance with the rules of ERISA day in and day out. One can say, the ERISA “buck…