DOL Plan Audits Explained
Plan audits are an important way the Department of Labor ensures compliance with ERISA standards. Sometimes DOL plan audits are random, but errors, including mistakes with the submission of Form 5500, can trigger audits…
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Common Fiduciary Errors
It’s a very, very rare business owner who sets out to screw up the company retirement plan. Most plan sponsors take fiduciary obligations and secure retirements seriously. Nonetheless, ERISA is a complex law with…
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Estate Planning Templates?
It’s easy enough to find estate planning templates online, and using them is certainly cheaper (at least in the short run) than working with an attorney. The questions on templates can even be a…
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Considering A Professional Fiduciary?
The services of a professional fiduciary can be a huge relief for individuals aging solo, as well as for those with special needs. Professional fiduciaries are also frequently relied upon to administer estate plans,…
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Compliance and Connection
Employers sponsoring retirement plans must comply with Department of Labor requirements for sharing clear, comprehensible information with participants and beneficiaries. Going above and beyond compliance inspires more engagement in the plan, and more trust in…
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ERISA Bonds Explained: Five Facts
The Employee Retirement and Security Act (ERISA) specifically requires those responsible for company sponsored retirement plans to obtain a fidelity bond, known as an ERISA bond, to protect the plan against losses due to…
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July Bring Fireworks & Forms: It’s Time
Most retirement plans operate on a calendar year, which makes July a big deal: Form 5500 must be carefully completed, reviewed and submitted by month-end. Changes effective this year are significant. Though preparation of…
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Flood Watch: Let’s Elevate
As we can all attest to, flooding is on the rise, and even more floods are anticipated. Accordingly, the Federal Emergency Management Agency (FEMA) has issued new policies requiring higher elevation levels for federally…
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Appreciation: Construction Workers
All workers at every business thrive on appreciation, but given the physical and “all-weather” demands of construction, it’s extra important to make sure that workers in the building fields receive the appreciation they deserve….
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