What Morningstar’s New Investment Study Means for Employers
Four Essential Tips to Simplify Year-End Plan Administration
November . . . December . . . January . . . these are busy months for 401(k) sponsors whose plans have a December 31 year-end. With forethought, there’s the opportunity during this busy time to ease plan administration and avoid errors. Before you’re too far into November, consider four areas where a little effort now could reduce frustration down the road.
Know Your Safe Harbor Plan Design Options, Part 2
For employers that choose to operate 401(k) Safe Harbor Plans to encourage all employees to enjoy the tax advantages available to contributing participants, we shared two Safe Harbor Plan design options and their benefits in a previous blog. Today we’ll look at a third Safe Harbor Plan design that provides additional benefits to employers and encourages greater participation and deferrals (contributions) on the part of plan participants.
Know Your Safe Harbor Plan Design Options, Part 1
Unbeknownst to many employers, there are multiple 401(k) Safe Harbor Plan design options and benefits to each. Choosing the right design can help a company achieve important organization objectives.
Seizing Opportunity with an Annual Plan Review!
July 5, 2019 - Today’s 401(k) plans offer employers a world of options. A mid-year plan review positions sponsors to identify areas where improvements are possible. Adopting new plan design features can significantly improve a 401(k) plan to meet organization needs and help employees build toward a secure financial future. Since many plan design changes require notice to participants 30 days before the beginning of a new plan year, now is a good time to schedule a review of plans with a December 31 year-end date.
Do You Provide Employees What They Want?
June 6, 2019 - It’s a fact: surveys show employees value their company’s 401(k) plan. Here are other key survey insights into what employees want as well as tips to improve your plan in response – thus, helping your employees build toward a more secure retirement.
Three Insurance Facts for Plan Sponsors
May 1, 2019—401(k) plan sponsors can benefit from knowing three simple insurance facts. This can help keep sponsors compliant, eliminate potential reporting errors that could trigger a DOL audit, and cover their defense if charged with imprudent plan management. Given that there’s so much for employers with company retirement plans to keep track of, these simple facts often are either unknown or forgotten . . . with plan sponsor fiduciaries exposed to potential liability.
The IRS Form 5500 – Look before you sign!
Signing the IRS Form 5500 marks the administrative end of a retirement plan year for most plan sponsors. But don’t be tempted by your nearness to the “finish line.” Look carefully before you sign. Inaccuracies on a Form 5500 could trigger a knock on your door from the IRS or the US Department of Labor with a request to review your organization’s 401(k) plan!
401(k) Solutions – Is Your 401(k) the Best it Can Be?
March 7, 2019 - How would you rank your 401(k) plan in being the best it can be to meet your organization’s and your employees’ needs? Do you know where to start?