Fun with Forfeitures

Fun with Forfeitures

Fun with Forfeitures Sooner or later, almost all 401(k) plans will face the “fun” of dealing with forfeitures. Just like every other plan-related operational item, there are specific rules that provide guidance on the “who, what, why, when and...
Fun with Forfeitures

A Fresh Look at Your Form 5500 Filing

A Fresh Look at Your Form 5500 Filing If your firm has a profit sharing plan, a 401(k) plan or some other tax-qualified retirement plan, then you have been given a Form 5500 to sign and file every year since your business adopted the plan. While the form looks like...
Fun with Forfeitures

Part-Time Employees in 401(k) Plans

Part-Time Employees in 401(k) Plans More and more businesses are hiring part-time, seasonal or temporary employees (collectively referred to in this newsletter as “part-time employees”). Employers believe the advantages to using this alternative workforce...
Fun with Forfeitures

Determining Retirement Plan Compensation

Determining Retirement Plan Compensation When it comes to operating your retirement plan, determining the compensation that should be used for each participant can be really confusing. It seems like it should be simple, but the reality is quite different. In fact, the...
Fun with Forfeitures

A Plan Fiduciary’s Responsibilities

A Plan Fiduciary’s Responsibilities Many employers establish retirement plans without being fully aware of their fiduciary responsibilities. It is imperative to know whether you are a fiduciary and, if so, what your responsibilities are because there are risks...