Compliance and Form 5500?
Most retirement plans are required to submit Form 5500 at the end of July. Changes effective this year are significant. Though preparation of Form 5500 is generally done through service providers, plan sponsor sign…
Read Moreabout Compliance and Form 5500?
Unexpected Challenges?
Every contractor can probably point to at least one job during which even an estimate done with great diligence did not sync with emerging customer expectations. Insights from these experiences pave the way to…
Read Moreabout Unexpected Challenges?
Building A New Silicon Heartland: Indiana
Sparked by the $52 billion allocated by the CHIPS Act in 2022, spending in manufacturing has continued to be strong. Joining projects underway across the country is construction of a nearly $4 billion microchip…
Read Moreabout Building A New Silicon Heartland: Indiana
AI: Spurring More ERISA Lawsuits?
Could be. Even as the ERISA Industry Committee (ERIC) urges curtailment of the frivolous litigation disrupting plan sponsors across the country, hungry AI enthusiasts are offering to provide plaintiff attorneys with potential new cases,…
Read Moreabout AI: Spurring More ERISA Lawsuits?
Prudent Process?
Plan sponsors, in accordance with The Employee Retirement Income Security Act (ERISA), must manage retirement plans prudently, following what is known as “the prudent man standard of care.” Though this sounds straightforward enough, what…
Read Moreabout Prudent Process?
Estate Planning and AI?
Can you use AI for estate planning? Sure. Is it a good idea to rely on AI for estate planning? Most likely not. Solid estate planning requires understanding nuances and tailoring tools, like trust…
Read Moreabout Estate Planning and AI?
Reforming Wills and Trusts?
Yes, courts can make changes to a will or trust. However, typically, they are hesitant to do so, in an effort to maintain the integrity of the intentions reflected in them. Nonetheless, reformation can be…
Read Moreabout Reforming Wills and Trusts?
Rethinking Investment Options
Concerns about volatility and inflation are driving plan sponsor efforts to re-evaluate investment lineups. According to research from MFS Investment Management, sponsors are tuning into the financial worries of plan participants, and looking for…
Read Moreabout Rethinking Investment Options
Fully Engaging As a Plan Sponsor?
Retired plan sponsors are busy people, with lots of built in duties and deadlines. Learning about SECURE 2.0 provisions, keeping up with cybersecurity protocols, and staying on top of emergent regulations contribute to ever…
Read Moreabout Fully Engaging As a Plan Sponsor?