Compensation: Definitions and Applications

Compensation: Definitions and Applications

Compensation: Definitions and Applications One of the more complicated and confusing parts of qualified plan design and administration is determining the proper definition of compensation. It’s complicated for a number of reasons. First, the term is used in many...
Compensation: Definitions and Applications

Keeping Abreast of Plan Limitations

Keeping Abreast of Plan Limitations Qualified retirement plans are funded by contributions from employers and/or employees. These contributions are subject to a number of annual limitations. In defined benefit plans, some of the limits are based on the maximum benefit...
Compensation: Definitions and Applications

Keeping Up To Date With Form 5500 Requirements

Keeping Up To Date With Form 5500 Requirements An annual report, Form 5500, is required to be filed with the Department of Labor (DOL) for almost all retirement plans. The report provides basic information about the plan, the plan sponsor, participation and financial...
Compensation: Definitions and Applications

The Prudent 401(k) Fiduciary

The Prudent 401(k) Fiduciary Driven by an interest in attracting talented personnel and a natural aversion to the financial risks attached to traditional defined benefit pension plans, employers have embraced 401(k) plans, making them the dominant retirement savings...