Resources
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Ensuring Compliance with the U.S. Sanctions Bill
- October 4, 2018
- Posted by: Jeff Atwell
- Category: Resources
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Retirement plan regulations are always changing, and not all of the changes are well known to plan sponsors. On August 2, 2017, President Trump signed the Countering America’s Adversaries Through Sanctions Act (the “Sanctions Bill”, H.R. 3364), overseen by the U.S. Treasury Office of Foreign Assets Control (OFAC).
Retirement plan sponsors, both governmental and private sector, should know that trade sanctions may apply to them, and the consequences for non-compliance can be severe.
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Retirement for the AGES
- September 20, 2018
- Posted by: Jeff Atwell
- Category: Resources
We’ve provided a white paper that discusses the Retirement for the AGES framework and analyzes the short comings of the current private retirement system in providing a sustainable income throughout an individual’s retirement years.
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Defined Benefit Plans
- August 30, 2018
- Posted by: Jeff Atwell
- Category: Resources
If you sponsor a defined benefit plan, you want to be sure that you’re following through on your administrative responsibilities in order to avoid fines and penalties.
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Maximize Benefits with the New Tax Reform Act
- August 2, 2018
- Posted by: Jeff Atwell
- Category: Resources
Whether you need to establish a plan or you would like to enhance an existing one, the tax reform act from 2017 offers a great opportunity for both advisors and small business owners. Advisors should contact business owners and be sure that their plans offer the maximum benefit from the tax reform act.
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Plan Sponsor Responsibility – A Checklist for Engaging Fiduciaries
- July 12, 2018
- Posted by: Jeff Atwell
- Category: Resources, Uncategorized
If a plan sponsor decides to outsource certain responsibilities to a fiduciary there are many decisions to be made. Attached is a checklist designed to assist plan sponsors in evaluating what to outsource and what to retain.
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The Role of Fiduciary Liability Insurance
- June 22, 2018
- Posted by: Jeff Atwell
- Category: Resources
We discuss the duties that plan sponsors retain in regard to ERISA qualified retirement plans and ERISA welfare benefit plans, whether you should outsource fiduciary responsibilities to a third party, and the role that fiduciary liability insurance plays in protecting you from potential litigation involving an ERISA plan.
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Lost Participants in Retirement Plans
- June 20, 2018
- Posted by: Jeff Atwell
- Category: Resources
Lost participants can increase the risk of a fiduciary breach or operational defect as well as increasing the administrative cost of maintaining the lost participant’s accounts within the plan. This creates an opportunity for a plan advisor to create value for their plan sponsor clients in assisting them in managing terminated participants who have not provided current addresses. We share a few resources to help you understand what’s involved.
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Common Operational Mistakes With 401(k) Plans
- June 5, 2018
- Posted by: Jeff Atwell
- Category: Resources
Operational defects in retirement plans will not only cost the plan sponsor time and money to fix, but also could take away from the success of the plan in providing adequate retirement benefits for the participants. This creates an opportunity for an advisor to help the plan sponsor avoid mistakes. We share a report on 10 common 401(k) mistakes and their consequences.
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Demand for Advice Within Retirement Plans
- May 14, 2018
- Posted by: Jeff Atwell
- Category: Resources, Uncategorized
A recent report shows there is demand for advice within retirement plans. We share that insight and how an investment professional can serve a key role in assisting a plan sponsor on the most appropriate means of providing participant advice or managed account services.
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401(k) Plan Mistakes and Fix-It Guide
- April 12, 2018
- Posted by: Jeff Atwell
- Category: Resources, Uncategorized
Plan sponsors should be aware of the various options available to them to fix a 401(k) Plan operational defect or fiduciary breach once discovered. The attached 401(k) fix it guide is designed to assist plan sponsors and advisors in identifying the defect and identifying the correct method to correct the defect.