Department of Labor
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DOL Investigations of Retirement Plans: 10 Key Areas of Focus
- September 2, 2019
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
No CommentsPlan governance is a key element in defining a retirement plan standard of excellence. Our resource outlines 10 key areas the DOL is focused on regarding the governance of a qualified plan. As indicated in the article, only a couple of the key areas of concern deal with the investments in the plan.
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Settlor and Administrative Expenses: What’s the Difference?
- February 19, 2019
- Posted by: Jeff Atwell
- Category: Resources
The Department of Labor has recently focused on the payment of settlor expenses from plan assets. The DOL has, for a long time, taken the position that there is a class of discretionary activities which relate to the formation, rather than the management, of plans. These activities are referred to as “settlor functions” and they generally include decisions relating to the establishment, design and termination of the plan. Settlor expenses differ from administrative expenses, and it’s important to understand each.
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TRG has supported the Hanes Supply Inc. 401K plan for the last seven years. The service provided by TRG is world class. When it comes to the administration, recordkeeping for the plan and their year-end compliance, TRG’s annual plan audit always run smoothly. They are always there to answer any question that an associate may have and their web site is very informative and easy to use. Hanes Supply looks forward to working with TRG in the future.