Another year, another incredible few days ahead with the 2019 NAPA 401(k) Summit. Benefit Trust will once again be attending the summit, the nation’s largest and most prestigious retirement-plan advisor event of the year. The event is being held April 7th-9th in Las Vegas, NV. There are over 30 individualized sessions to choose from that …
When workers experience a financial hardship, sometimes their retirement plan is the only financial resource they can tap into. The tax laws for qualified retirement plans, like 401(k) plans, permit plan sponsors to grant hardship distributions to workers if the requirements listed in Treasury regulations and the plan documents are met. Most 401(k) plans permit …
As a financial advisor, you can help retirement plan participants improve their chances of achieving a financially secure retirement by helping them calculate how much they should be saving each year through their workplace retirement plan. Simply providing a projection of their current savings as a monthly income stream in retirement can be a powerful …
Each year in October, the IRS announces the cost-of-living adjustments (COLAs) that will apply to retirement plan contribution limits and other thresholds for the following calendar year. Any change to the contribution limits requires adjustments in payroll systems and internal procedures designed to make sure plan contributions stay within the allowed limits. This chart provides …
Most defined contribution retirement plans contain a “cashout” provision that allows the plan sponsor to pay out retirement savings to workers who end their employment with less than $5,000 in their account. These forced cashouts can help reduce the staff burden and costs associated with keeping track of former employees in order to administer their …
With the rising cost of health care, some workers are concerned they won’t be able to save enough for retirement. In fact, of workers who reported cost increases in their health plans in the past year: 26% decreased their retirement plan contributions 43% decreased other savings contributions 15% took a loan or withdrawal from a …
Plan sponsors have important obligations as ERISA fiduciaries to a retirement plan. They must follow ERISA’s high standards of conduct as they administer the plan and safeguard participants’ assets. The key to managing ERISA fiduciary responsibilities is developing and following prudent plan governance practices. Adopting policies and procedures to make certain they are handling plan …
Join us at the 2018 ASPPA Annual Conference, October 21–24 in National Harbor, for the most relevant technical content in retirement planning. Explore the vibrant waterfront of National Harbor, attend the president’s reception and rock out to the classic 1980s hits at the Deloreans concert. You won’t want to miss this event! We love visiting …
Plan sponsors have important obligations as ERISA fiduciaries to a retirement plan. First of all they must follow ERISA’s high standards of conduct as they administer the plan and safeguard participants’ assets. The key to managing ERISA fiduciary responsibilities is developing and following prudent plan governance practices. Adopting policies and procedures to make certain they …
Plan sponsors have important obligations as ERISA fiduciaries to a retirement plan. They must follow ERISA’s high standards of conduct as they administer the plan and safeguard participants’ assets. The key to managing ERISA fiduciary responsibilities is developing and following prudent plan governance practices. Adopting policies and procedures to make certain they are handling plan …
