by Deanna Fisher | Sep 25, 2023 | Uncategorized
It doesn’t hurt to double check! We’re here for you! As situations arise during the plan year, it’s always better to double check the plan provisions rather than address a plan failure after the fact. In some situations, it’s easier to ask for forgiveness rather than...
by Deanna Fisher | Aug 1, 2023 | Uncategorized
Are Changes Needed to the Plan? As time goes by, the needs of a company and the needs of the participants evolve, and a plan may need to be amended to keep up with those changes. This is a good time of year to review plan provisions and determine if any changes are...
by Deanna Fisher | Aug 1, 2023 | Uncategorized
Bonds: Is your plan covered? The Employee Retirement Income Security Act (ERISA) requires coverage to protect the plan from losses due to fraud and dishonesty. There are three main types of bond coverage for retirement plans: fidelity bonds, fiduciary liability...
by Deanna Fisher | Feb 6, 2023 | Uncategorized
Stay tuned! Secure 2.0 Act of 2022 includes some action items that may produce beneficial changes in the future. Within 18 months: Effectiveness of notice provided for eligible rollover distributions: A 402(f) notice, often referred to as a Special Tax Notice, must be...
by Deanna Fisher | Feb 6, 2023 | Uncategorized
Is it already time to complete another year-end data request? When Plan Sponsors are asked to provide company and employee census information for a recent plan year, the details being collected affect the contributions that must be calculated and funded as well as...
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