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…
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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…
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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…
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New Strategies To Help Employees
Recognizing that the high cost of living (and student loan debt) makes it hard for workers to save, many employers are trying new strategies to inspire more engagement with company sponsored retirement plans, and…
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Can The Stakes Get Any Higher?
With a total of over $10 trillion of retirement savings now accumulated in employer sponsored retirement plans, the stakes for safeguarding them are high indeed. The dollars and data require ever better cybersecurity–and ultimately,…
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It’s Time: Cybersecurity
The federal Cybersecurity and Infrastructure Security Agency, (CISA), reminds us that it’s time to take four steps to better protect our businesses. Of course it is especially critical for retirement plan sponsors to guard…
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Small Biz: CEO Role
The dramatic rise in cybercrime makes it hard to keep up with the various threat tactics in play, and small businesses often suffer the most, since they are without the systems, processes and people…
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Plan Sponsors: What’s On Your Mind?
According to recent research from Fidelity Investments, about three quarters of retirement plan sponsors say they are “very satisfied” that the company plan is meeting objectives. However, many are concerned about how well the…
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Double Check The Calculations
Plan sponsors generally do not set out to shortchange participants or violate ERISA. Nonetheless, oversights can occur, and tend to spiral into increased scrutiny for all. Beware: a recent settlement over an allegation that…
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