5 Key Pension Industry Trends to Consider
Wondering what’s trending in the retirement plan design world? Wonder no more …
Author: Andrea McLane
episode 92: how to avoid common mistakes & design the ideal retirement plan
Retirement planning is a team sport: participants, employers and trusted advisors need to work together to protect participants and ensure the plan is well-designed. Andrea McLane, QKA, a manager on Rea’s pension administration team in the firm’s Dublin, Ohio, office, joins us on this episode of unsuitable on Rea Radio to talk about what business … Continued
Avoid Audit Issues, Substantiate Your Hardship Distribution Claims
Plan sponsors and Third Party Administrators have been without access to a structured set of guidelines to help them adequately substantiate hardship distribution claims – until now.
Beyond The Status Quo
If you aren’t taking advantage of today’s retirement plan trends you could be missing out on key opportunities that could drive even greater results. Find out if you are doing enough to prepare your employees for retirement.
Plan Sponsors: Don’t Miss The Dec. 1 Deadline To Provide Year-End Notices
Can you believe December is only a few days away?! It’s true. And that means it’s time for 401(k) plan sponsors to buckle down because the deadline to provide year-end notices to employees is Dec. 1. Read on to learn what information you must provide to your employees.
Alternative Assets in Qualified Plans
As a retirement plan administrator, plan fiduciaries often consult me about different investment vehicles. They ask if they can invest plan assets in investment classes beyond the traditional stocks, bonds and mutual funds and include investments like limited partnerships or real estate in their portfolios. The answer isn’t always clear, but as with many fiduciary … Continued
Retirement Plan Sponsors List Their Favorite Plan Options
President Obama’s State of the Union address included initiatives to improve and enhance retirement programs. And while he was putting his finishing touches on the address last week, Plansponsor.com asked pension plan administrators what plan options they would like to see enacted, and which they would like to see “get lost.” The survey revealed a … Continued
Department of Labor Issues
On January 14, 2010, the Department of Labor issued a final rule establishing a “safe harbor period” of seven business days as a reasonable time frame for depositing employee contributions and loan repayments into retirement plans Under this regulation, employers will be in compliance with ERISA rules if they deposit employee contributions within seven business … Continued
Cross-Tested Profit Sharing Plans
Have you ever wondered what exactly a cross-tested profit sharing plan is? Have you heard someone talk about how wonderful their cross-tested plan is and wonder what they are talking about? Cross-testing is a term used to describe the technique where profit sharing allocations are converted to a projected benefit at retirement to pass nondiscrimination … Continued