401K
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Your 2020 Compliance Calendar
- January 21, 2020
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
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Regulations and Plan documents require a good understanding of the Plan features and the appropriate notices and disclosures. A simple compliance calendar will help ensure that these notices and disclosures are provided to participants this year.
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Loan Leakage: Preventing Loan Defaults from Draining America’s 401(k) Accounts
- November 21, 2019
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
We’re continuing our discussion on loan leakage and looking at America’s $2 trillion retirement loan dilemma. Our resource explores different mechanisms to prevent loan leakage, illustrates the impact on individuals, and addresses the increased fiduciary risk associated with loan leakage.
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2018 Saver’s Tax Credit
- March 18, 2019
- Posted by: Jeff Atwell
- Category: Finance & accounting, Resources
Individuals who made salary deferral contributions to a 401(k) or 403(b) plan in 2018 may be able to take advantage of an additional tax credit when they file their 2018 income tax return.
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Consequences of Careless 401(k) Compliance
- October 5, 2018
- Posted by: Jeff Atwell
- Category: Resources
Watch out for these ten common compliance defects which can occur because the plan sponsor does not know the responsibilities associated with sponsoring a qualified retirement plan.
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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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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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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.
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Priorities to Define a 401(k) Standard of Excellence in 2018
- March 29, 2018
- Posted by: Jeff Atwell
- Category: Financial Plan
Plan Sponsors should strive to set a standard of excellence for participants. Review these 9 factors to ensure you set the bar high for 2018.
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