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401(k) Solutions

When Ignorance Isn’t Bliss!

February 7, 2019—Plan sponsors: Do you know whether your organization’s 401(k) is as good as it could be?

  • Does it include the best possible funds, and are your employees offered professional investment management to help them meet their retirement goals?
  • Is your plan designed with the features that make 401(k) plans most valuable both to employees and organizations?
  • Have you taken advantage of ERISA safe harbors to reduce your fiduciary risk?
  • Is your plan easy to administer and do you understand ERISA’s regulations?
  • Are you aware all plan fees and know they are reasonable?

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2018 isn’t over until the data’s scrubbed!

Retirement sponsors know it: while others are ringing in the new year, January is a time for 401(k) plan administrators to assemble, scrutinize and validate prior-year data for plans with a December 31 year-end date. Diligent information scrubbing is important. “Clean” data will result in accurate testing and tax filing. A lack of attention to detail can result in tax-filing errors, the need for voluntary corrections, regulatory audits, and – worst-case – plan repayments, fines and penalties.

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Have You Noticed? A Guide to Year-End (and other) 401(k) Disclosures

November 1, 2018 — It’s an important time of year for most 401(k) plan sponsors: the time to give notice . . . to participants . . . as required by the U.S. Department of Labor. When I say “most,” I’m talking about the sponsors of plans with a December 31 year-end. (For other sponsors, file this blog and revisit it two months prior to your plan’s year-end.)

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