What Types of Insurances Cover COVID-19 Losses?

In light of the recent coronavirus outbreak, more and more people are dealing with insurance-related problems handling the outbreak of the disease. What types of losses are you covered under insurance that could possibly stem from the COVID-19 outbreak? Whether...

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Closing Notary?

Sometimes referred to as a notary signing agent (NSA), or simply a closing agent, a closing notary is trained and trusted to present the documents related to mortgage and real estate transactions. Given the complexity of these document packages, closing...

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Financial Forecast: Rainy Days

The disruptions of recent years have underscored the necessity of setting aside emergency savings, and one of the measures in SECURE 2.0 allows employees to do so within the company sponsored retirement plan. Plan sponsors are encouraged to explore the...

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More Is Better

Though not always true in life, socking away more money for retirement is very important for most participants in employee sponsored retirement plans, so it comes as good news that the annual contribution limits for defined plans have been raised...

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Help for Small Balance Accounts

  Small retirement accounts have been a big problem for a long time, as they tend to become forgotten and contribute to challenges related to missing participants, cash leakage, and, of course, sub-optimal participant outcomes. Help has been in the...

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Failure To Diversify: ERISA Violation

  Following an investigation by its Employee Benefits Security Administration (EBSA), the Department of Labor won a settlement for the participants of an employer sponsored retirement plan, arguing that fiduciary breaches, including failure to diversify plan assets, had led to...

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From Awareness To Action

  For business owners, the days of having a vague notion that cybersecurity requires attention–and hoping “someone” in IT has it covered, are over. Top down and all around action is necessary to protect the business and retirement plan, and...

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Here’s To A Happy Ending….

  How well do the actual operations of the company sponsored retirement plan match the procedures spelled out in the plan document? Are the operations also in compliance with what even experts say are “increasingly complex qualification requirements and moving...

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Is It A Violation?

  The use of plan forfeitures to offset employer contributions has been a longstanding practice of retirement plan fiduciaries. Nonetheless, new lawsuits are now alleging that this widespread practice is a violation of ERISA. Although defense experts doubt the practice...

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Heightened Interest: IRS Audits

  Among the complications for employers sponsoring 401k plans is the handling of deductions when retroactive contributions are made. Now, attorneys caution that the Internal Revenue Service (IRS) is signaling heightened interest in audits related to deduction errors. Here’s what...

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