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 …
Plan sponsors have important obligations as 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 like internal controls. Adopting policies and procedures to make certain they are …
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 like fee disclosures. Plan sponsors who adopt policies and procedures to …
“Revenue sharing,” a fee-for-service arrangement between investment companies and retirement plan service providers, is attracting the attention of retirement plan sponsors. As ERISA fiduciaries to a retirement plan, employers must understand how revenue sharing arrangements affect their plan fees. Against the backdrop of a growing number of lawsuits alleging that fiduciaries breached their duties by …
