Newsletters

ERISA Definitions and What They Mean for Plan Sponsors

Plan sponsors and retirement plan committees are likely to encounter a myriad of industry-related naming devices and designations. It is important that they understand what each means in terms of definition, background, and practical impact/importance to the plan, the...

Retirement Plan Committee Activities

A retirement plan committee consists of co-fiduciaries who are responsible for all plan management activities that have been delegated to them by their plan’s named fiduciary. ERISA states that the committee must act exclusively in the best interests of plan...

401(k) Plan Tax Credit Summary

Eligible employers may be able to claim a tax credit of up to $5,000, for three years, for the ordinary and necessary costs of starting a SEP, SIMPLE IRA or qualified plan (like a 401(k) plan.) A tax credit reduces the amount of taxes you may owe on a...

Participant Memo: Tax Saver’s Credit Reminder

This month’s employee memo informs employees about a valuable incentive which could reduce their federal income tax liability. You may be eligible for a valuable incentive, which could reduce your federal income tax liability, for contributing to your company’s 401(k)...

QDIA…. Why is it important?

The qualified default investment alternative (“QDIA”) is arguably the most important investment in a plan’s investment menu. By far the most often selected QDIA investment is a target date fund (“TDF”). TDFs are typically the only investment selection that offers...

Excessive Fee Litigation: The Best Defense is Compliance

Excessive fee litigation is increasing at a steady pace and all signs are it will continue to increase. The positive side of this situation is that we now have more caselaw to consider as we work toward compliance in creating a “best defense”. Early caselaw did not...

The Case for Investment Refresh

Investment refresh is an optional extension to automatic enrollment whereby participants would be notified that, as of a certain date, their current investment allocation will be transferred to the plan’s qualified default investment alternative (“QDIA”) investment....

Participant Memo: Don’t Skip the Match

This month’s employee memo encourages employees to conduct a regular examination of their retirement plan to determine whether any changes need to be made.    Earn your full savings potential by hitting the full match plus more. For help finding the correct deferral...

This communication is strictly intended for individuals residing in the states of FL, GA, MA, SC and WA. No offers may be made or accepted from any resident outside the specific states referenced.

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