Income Illustrations?
That’s what retirement plan sponsors across the country need to be asking their plan administrators about this quarter. Why? The 2019 Secure Act mandated that participants receive two illustrations, at least once each year,…
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Form 5500?
Form 5500? Experts remind retirement plan sponsors that they have “two masters”: the Department of Labor (DOL) and the Internal Revenue Service (IRS). While the Department of Labor oversees compliance with ERISA, the IRS polices…
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Appoint a Digital Executor?
With more and more of our lives taking place in the digital realm, our valuables are no longer limited to just those we can touch. Digital assets now require explicit attention during estate planning….
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Retirement Plans In Demand
The “great resignation” is not over: a survey from Principal Financial Group found that a third of workers in the U.S. are considering job changes or retirement in the next 12-18 months. Benefits are going…
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Lessons From A Recent Hack
Recently, the Missouri teacher’s pension fund was attacked—exemplifying just how vulnerable retirement funds are to cyberattacks. Cybersecurity experts provide practical advice to help plan sponsors protect the retirement savings of their employees and beneficiaries. Always…
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SOC Report? Ask For It!
As a plan sponsor, you know you need to ask your service providers about how they are preventing security breaches. Doing so is critical to the protection of the retirement assets of your plan…
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Contesting a Will? Be Honest!
Although wills can be contested, litigators encourage careful thought before doing so. Will contests take time and money—and can cause lasting damage in family and friend relations. Lawyers advise on the importance of being honest…
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Trusts: Distributions Over Time?
Estate plans are “living documents”—meant to be updated as our lives change. Maybe children or grandchildren have come into the picture? Perhaps you or a loved one are declining incapacity? Trusts, arranged to distribute funds…
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Tis The Season: Allegations Are Costly
Allegations of ERISA law violations continue creating disruption and expense for retirement plan fiduciaries, including plan sponsors, across the country. Here’s a sampling of the kinds of claims that are winning cases for retirement…
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