Aug 15, 2024 | 401(k), Plan Sponsors
When managing your organization’s retirement plan, there will be times when you’ll need to completely re-write your plan document. This is often prompted by changes in 401k policies. Drafting a new plan document brings with it a set of 401k restatement requirements...
Jun 19, 2024 | Government Regulation, Plan Sponsors
Welcome to the world of retirement plan administration! As a new plan sponsor, you have taken on an essential role within your organization with longstanding impact. You’ll find you have many responsibilities, a key amongst them being your fiduciary responsibility....
May 16, 2024 | Government Regulation, Plan Sponsors
ERISA 404(c) serves as the linchpin of retirement plan success, providing vital protection to plan sponsors while granting participants the opportunity to take control of their investment decisions. It’s an important section of ERISA, yet many are unaware of its...
Apr 8, 2024 | Government Regulation, Plan Sponsors, Retirement Plans
Since it’s passing in 2022, SECURE 2.0 has been making significant transformations within the retirement landscape. Even now in 2024, we continue to see changes as a result of this law focused on improving retirement security for Americans. To help navigate these...
Feb 12, 2024 | 401(k), Plan Sponsors
In times of crisis or unforeseen circumstances, plan sponsors play a critical role in helping employees navigate financial challenges. One option available to employees facing financial hardships is the ability to make emergency withdrawals from their 401(k)...
Jul 19, 2023 | Government Regulation, Plan Sponsors
Whether you’re a plan sponsor, business owner, CFO, or just an interested party, it can be challenging to stay up to date with retirement plan regulations. Therefore, you may not be aware that the IRS recently provided guidance on self-correction of eligible...
