Blog

Introduction Types of Retirement Plans Getting Employees to Join the Plan Increase Deferral Rates Utilizing Your Resources In Conclusion Rise of the Machines Participant Loans: Benefit or Detriment? Introduction The latest news regarding retirement plans has centered around service provider fees.  While fees are a highly important aspect of managing an employer-sponsored retirement plan, they...Read More

Introduction Uncashed Checks are Plan Assets What Should Plan Sponsors Do? Searching for Missing Participants     Required Steps     Reasonable Additional Steps What are the Options if the Participant Cannot be Found?     Return Funds to the Plan     Forfeit the Account Balance     Roll Over Assets to an IRA     Withholding 100% of the...Read More

Introduction Rollover vs. Cash Distribution Mandatory Federal Tax Withholding 10% Premature Distribution Penalty Retirement and Termination Disability Benefits Death Benefits Required Minimum Distributions Hardship Distributions IRS Special Tax Notice and Reporting Summary 2017 IRS Annual Limits A 401(k) plan permits employees to defer a portion of their salaries on a pre-tax basis with the objective...Read More

Introduction Background Loan Requirements    Plan Document    Loan Policy    Maximum and Minimum Amounts    Number of Loans    Interest Rate    Amortization    Other Repayment Terms    Documentation Conclusion If you have a 401(k) plan, you’ve likely had participants ask about taking loans from their accounts. If you haven’t yet, it is only...Read More

Introduction What is a forfeiture? What isn’t a forfeiture? When do forfeitures occur?     When is a distribution "complete"?     What is a one-year break in service? How are forfeitures used? Can forfeitures be reinstated? When must forfeitures be used? What can I do to get this right? Sooner or later, almost all 401(k) plans...Read More