plan sponsor
-
Is Your Plan Ready to Respond to an IRS Inquiry?
- October 5, 2022
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
No Comments
As 2022 comes to a close, plan sponsors and advisors should take the opportunity to review qualified plans to ensure compliance. The IRS has implemented the Employee Plans Compliance Resolution System, or EPCRS, which offers a 90-day notice for IRS audits, allowing plan sponsors to address any issues with their plan. The attached checklist will give plan sponsors a starting point for evaluating whether their plan is in compliance and ready to respond to an IRS inquiry.
-
Key Considerations for Plan Sponsors
- January 18, 2022
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
Plan Sponsors should consider the role that employers play, how employers can assist those nearing retirement, and what resources participants have available to them. Working with Advisors to creating ongoing education and communication programs is key to ensuring participants’ success in retirement.
-
Ensuring Intelligent Plan Governance
- May 15, 2019
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
A key element in Defining a Retirement Plan Standard of Excellence is Governance. Plan Sponsors and Fiduciaries need to ask themselves how they can ensure that they have the time, knowledge, and expertise to properly implement and maintain the best practices associated with Plan Governance.
-
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.
-
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.
-
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.