Part-Time Employees Can Now Contribute to Pension Plans
It’s hard to believe but January 2021 is right around the corner! For plan sponsors, that means now is the time to make way for part-time employees to participate in 401(k) plans. Comply With the…
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Understanding Retirement Savings: Lifetime Income Illustrations
Chances are good that your company’s employees need to save more toward retirement. This is true across the country. New lifetime income disclosures mandated by the SECURE Act, aim to educate employees—and motivate them to…
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Help for Small Businesses: Employee Retirement Benefit
It’s going to be a busy fall for employee benefit administrators and retirement plan sponsors across the country, as the federal government rolls out guidance and standards related to the SECURE Act. Small business owners…
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DOL Releases RFI on PTEs Involving Pooled Employer Plans
The Department of Labor just published its Request for Information (RFI) on PEPs, or Prohibited Transactions involving Pooled Employer Plans (PEPs) under the SECURE Act as well as other multiple employer plans. Per a press…
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ARA Provides Guidance on PEP & PPP Issues
The American Retirement Association, or ARA, offered the Department of Labor a series of recommendations involving potential service arrangements and proposed fee arrangements, as well as what the covered transactions may be under the possible…
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Novel In-Service Distributions from 457(b) Plans
A common query concerning in-service distributions from retirement plans is: Can a governmental 457(b) plan allow participants to obtain plan withdrawals while they are still working? Per a recent law change, governmental 457(b) plans now…
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Four Ways the Newly-Released SECURE Act Will Affect Your Retirement
President Trump recently signed into effect one of the most dynamic transformations to retirement planning in recent years. The SECURE Act, or the Setting Every Community Up for Retirement Enhancement Act, creates numerous provisions to…
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