Login
WHY US
OUR HISTORY
OUR LEADERSHIP
NEWS
Get Started
ADVISORS
Employers
PARTICIPANTS
FAQ
RESOURCES
Articles
Annual Limits
Bonds & Insurance
Plan Sponsor Education
HR360
Plan Sponsor Link
CONTACT
Plan Sponsor Link
+
WHY US
OUR HISTORY
OUR LEADERSHIP
NEWS
Get Started
ADVISORS
+
Employers
PARTICIPANTS
FAQ
-
RESOURCES
Articles
Annual Limits
Bonds & Insurance
Plan Sponsor Education
HR360
Plan Sponsor Link
+
CONTACT
Plan Sponsor Link
Articles
you are here:
RESOURCES
>
Articles
Articles
When Good Loans Go Bad
on April 8, 2013 in
Newsletters
by
Daniel Wedeking
The economic environment of the last few years created financial challenges for individuals and businesses alike. Even though the worst of the recession appears to be behind us now, some of those financial challenges have had a ripple effect that continues to show itself. One area where that is especially true relates to the loans participants took from their 401(k) plans. Economic pressures certainly brought about an increase in loans, but it also caused some participants with loans to have trouble repaying them.
Read More »
Tagged With:
401(k)
,
hardship loan
,
ERISA
,
Tax Code
,
Default
Don't let Missing Participants and Small Balances become a Big Problem
on February 4, 2013 in
Newsletters
by
Daniel Wedeking
At some point, almost every company that sponsors a retirement plan will experience the “fun” of tracking down a missing participant in order to pay a benefit. Although difficult to avoid completely, there are steps employers can implement as part of normal operations that can greatly minimize the headache. One of the most effective steps is to distribute benefits to former employees as soon as possible after termination of employment, before they have an opportunity to become missing.
Read More »
Tagged With:
IRS
,
Forced Distributions
,
retirement plan
,
distribute benefits
,
401(k)
New Roth Opportunity for 401(k) Plans per Fiscal Cliff Deal
on January 14, 2013 in
Newsletters
by
Daniel Wedeking
The recently passed fiscal cliff deal (officially known as the American Taxpayer Relief Act of 2012) includes a new rule that allows more people to convert money in their traditional 401(k) plan to a Roth 401(k) account. Doing so is called an "in-plan Roth rollover." Until now, only individuals eligible for a distribution (over the age of 59½ or terminated from employment, etc.) could elect a Roth rollover. The new provision expands eligibility to everyone. The Roth plan feature gives participants the option of paying taxes now on their retirement savings instead of when they withdraw money later from their accounts.
Read More »
Tagged With:
ROTH
,
retirement
,
401(k)
,
rollover
Fiduciary Fact or Fiction
on June 3, 2012 in
Newsletters
by
Daniel Wedeking
The rules that govern the behavior of retirement plan fiduciaries are quite complex. Any time we are required to deal with complicated subject matter, things can get confusing, potentially leading to decisions based on a misunderstanding.
Read More »
Tagged With:
retirement plan
,
fidelity bond
,
ERISA
,
QDIA
,
401(k)
,
Pension Protection Act
,
PPA
,
404(c)
Increasing 401(k) Plan Participation
on February 6, 2012 in
Newsletters
by
Daniel Wedeking
Cash or deferred retirement plans, more commonly referred to as 401(k) plans, have become the backbone of the private pension system in America. They long ago replaced employer-sponsored pension plans as the most common vehicle for retirement savings.
Read More »
Tagged With:
retirement plan
,
401(k)
,
employer sponsored
,
eligibility
,
automatic enrollment
,
matching contributions
Fiduciary Liability for Participant-Directed Plans
on May 19, 2011 in
Newsletters
by
Daniel Wedeking
It seems that every month there are new stories in the financial press about participants suing their employers for mismanagement of the company 401(k) plan. While most of these suits have been directed at larger companies, the increasing frequency has employers of all sizes looking for ways to minimize their liability. One way to do that is to comply with a set of "safe-harbor" rules found in section 404(c) of ERISA.
Read More »
Tagged With:
ERISA
,
404(c)
,
safe harbor
,
401(k)
An ICI Review of the Economics of Providing Retirement Plans
on March 22, 2011 in
Newsletters
by
Daniel Wedeking
While the Department of Labor has delayed the implementation of new fee disclosure rules about fees charged to plans and participants, it may be useful to refer to the recent report "The Economics of Providing 401(k) Plans: Services, Fees, and Expenses, 2009" published by the Investment Company Institute (ICI), a national industry group representing companies offering mutual funds, ETFs, and unit investment trusts (UITs). Members of ICI manage assets of $12.74 trillion and serve over 90 million shareholders. As the title suggests, this report offers research insights into the costs associated with 401(k) plans. You may find the information also relevant to similar plan arrangements.
Read More »
Tagged With:
retirement plans
,
401(k)
,
unit investment trusts
,
mutual funds
,
expense ratio
,
money market fund
Prev
1
2
Articles
Annual Limits
Bonds & Insurance
Plan Sponsor Education
HR360
Plan Sponsor Link
Tags
EBRI
retirement income
retirement plans
401(k)
unit investment trusts
mutual funds
expense ratio
money market fund
QDIA
employer-sponsored
retiremetnn plan
plan sponsor
plan default
investment
ERISA
404(c)
safe harbor
retirement plan
residual distributions
plan termination
plan sponsors
Department of Labor
DOL
invidual account plans
employer sponsored
eligibility
automatic enrollment
matching contributions
408(b)(2)
fee disclosure
service provider
platform providers
Third Party Administrators
fidelity bond
Pension Protection Act
PPA
IRS
audit
Form 5500
TPA
compliance
RMD
ADP
ACP
Social Security
ROTH
retirement
rollover
Forced Distributions
distribute benefits
hardship loan
Tax Code
Default
ASG
tax reform
IRA
HCE
EPCRS
SCP
VCP
DOMA
QDRO
DOD
boomerang employee
leave of absence
Rule of Parity
qualified retirement plan
HEART
WRERA
KETRA
GOZone
EGTRRA
liability
loan repayments
plan fees
SPD
IPS
hardship distribution
employee deferral accounts
employer funded accounts
Plan Loan
Key Employees
defined benefit
defined contribution
employee deferrals
definied benefit
global pension services
aquisition
acquisition
HILB Rogal & Hobbs
fiduciary
merger
news
IPA Northeast
loan payments
tax deducations
company contributions
S Corporation
compensation
HR
employee
benefits
CEFEX
certification