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Introduction Who or What is a Fiduciary? Fiduciary Duties Consequences of a Fiduciary Breach Steps to Limit Liability    Documenting Decision-Making Process    Monitoring Plan Expenses    Letting Participants Direct Their Accounts    Avoiding Prohibited Transactions    Bonding and Insurance Administrative Responsibilities    Timely Deposit of Employee Contributions    Reporting and Disclosure Requirements Conclusion Many...
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Introduction Lease or Purchase    Defined Benefit (DB) Plan    Defined Contribution (DC) Plan The Car Lot Compact or Full Size? One-Car Garage Eligibility Employee Deferrals Matching Contributions Profit Sharing Contributions Vesting Loans and In-Service Withdrawals Plan Documents Annual Compliance Testing Government Reporting Conclusion Excuse me, can you tell me what kind of car is...
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Introduction What is Automatic Enrollment? Eligible Automatic Contribution Arrangement (EACA) Qualified Automatic Contribution Arrangement (QACA) “Generic” Automatic Enrollment Why Automatic Enrollment? Preventing a Test Failure    Example #1    Example #2    Example #3 Encouraging Savings Conclusion McDonald’s may have been the automatic enrollment pioneer 30 years ago, but it wasn’t until 2008 when the...
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Introduction Depositing Employee Deferrals Depositing Company Contributions Tax Deductions Not for Profit Organizations Contribution Limits Test Corrections Safe Harbor 401(k) Plans The Ubiquitous “Miscellaneous  Category Conclusion For years now, we have been hearing from the Department of Labor (DOL) about the importance of depositing employee 401(k) deferrals and loan payments as quickly as possible. While...
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