Documents & testing

401k Lawsuit Demonstrates the Need for Solid Documentation

401k lawsuit

401k Lawsuit Demonstrates the Need for Solid Documentation. Lawsuits around the handling of 401k plan assets have become almost commonplace for plan sponsors, plan providers and plan fiduciaries.  Every ...

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Compensation is Simply Compensation, Right?

Compensation

Compensation is Simply Compensation, Right? by Michael Bourne This is the “Information Age,” so how hard can it be to determine how much we paid our employees last year?  ...

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Summary Annual Reports – Outdated and Redundant?

summary annual reports

Summary Annual Reports – Outdated and Redundant? Friday, September 30 is the deadline to send the summary annual report for defined contribution (DC) plans. However, some employers are questioning its ...

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401k Loans – New Guidance Issued by IRS

401k Loans IRS Guidance

401k Loans – new guidance issued by IRS. 401k Loans can be troubling for 401k and 403b plans with administrators concerned about the burdens and costs to the plan ...

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Temporary Employees Can Throw a Wrench In 401k Plan Testing

401k plan sponsors who contract with third party employers and have temporary or “leased” employees on staff should be aware of these individuals’ potential impact on their retirement plan. ...

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DOL Audits: What Triggers Them and Time Spent

DOL Audits

DOL audits are never fun but they are made worse when a new administrator of the company’s 401k plan just takes over and has to put together information maintained ...

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