Retirement Plans
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The Search for Missing Participants Continues: DOL Guidelines and Best Practices
“If at first you don’t succeed, try, try again.” It may not be the mantra of plan sponsors, but this old adage certainly sums up the Department of Labor’s (DOL’s) approach to the fiduciary duty of searching for missing plan […]
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Peace of Mind is Just an Actuarial Audit Away
Have you been putting off an actuarial audit of your governmental pension plan? Why postpone peace of mind? Actuarial audits of government retirement plans are considered a best practice by the Government Finance Officers Association (GFOA) and should be conducted […]
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Window of Savings Opportunities with Backdoor Roth IRAs
Estimated reading time: 5 minutes What is a mega backdoor Roth IRA? Can I do a backdoor Roth IRA in 2021? What is the limit to a backdoor Roth IRA? Is a backdoor Roth IRA worth it? Can I do a backdoor […]
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Is Your 401(k) Plan on Course? Follow this Checklist
Keeping your 401(k) plan on course requires vigilance, and a good plan sponsor navigates more than just the investment climate and daily maintenance of the plan. Tracking a 401(k) plan includes thorough reviews throughout the year, with employers focused on […]
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Pension Changes from COVID Relief: Multi-Employer Plans
The fifth round of COVID relief, the American Rescue Plan Act of 2021 (ARPA) was signed by President Biden on March 11, 2021. There are several changes in the details of the law that affect pension plan sponsors. This article focuses […]
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Pension Changes from COVID Relief: Single Employer Plans
The fifth round of COVID relief, the American Rescue Plan Act of 2021 (ARPA) was signed by President Biden on March 11, 2021. There are several changes in the details of the law that affect pension plan sponsors. This article focuses […]
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Cash Balance Plans: Wealth Building for Leadership Plan Results
Is your firm looking to offer more options around your current retirement plan? You might want to consider a cash balance plan as a potential wealth-building option for your leadership team. A cash balance plan is ideal for professional service […]
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Defined Benefit Pension Plan Contributions: To 2021 and Beyond
While so many people across the country are looking forward to the end of this calamitous year – believing that 2021 will offer remedies for a global pandemic and an ailing economy, plan sponsors now should be plotting a strategy […]
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DOL Issues Guidance on Lifetime Income Disclosure for Defined Contribution Plans
If you have a really good memory you might recall that way back at the end of last year Congress actually passed a significant retirement bill called the Setting Every Community Up for Retirement Enhancement Act (the “SECURE Act”). We […]
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How To Successfully Navigate A DOL ESOP Investigation
“Dear Sir or Madam…our office has scheduled a review of the above captioned plan to determine compliance with the provisions of ERISA.” A formal notice from the Department of Labor (DOL) can bring a sense of unease to any employee […]
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