Don’t let Missing Participants and Small Balances become a Big Problem

The IRS Meets Letterman

The IRS Meets Letterman Anyone who has ever watched late night television is familiar with the ubiquitous Top 10 List, counting down humorous examples of whatever is in the news. Not to be upstaged, the IRS has its own Top 10 List—the top 10 plan compliance failures...
Don’t let Missing Participants and Small Balances become a Big Problem

How to Survive a Visit from the IRS or DOL

How to Survive a Visit from the IRS or DOL There are few things that will give a person that sinking feeling in the pit of their stomach like opening the mailbox and seeing an envelope with the words “Internal Revenue Service” (or Department of Labor) in...
Don’t let Missing Participants and Small Balances become a Big Problem

Top Heavy Impact on 401(k) Plans

Top Heavy Impact on 401(k) Plans There are many reasons for the wide popularity of 401(k) plans, one of which is that they shift the funding burden from employers to employees. But this advantage may be diminished for plans classified as “top heavy” where...
Don’t let Missing Participants and Small Balances become a Big Problem

Fiduciary Fact or Fiction

Fiduciary Fact or Fiction The rules that govern the behavior of retirement plan fiduciaries are quite complex. Any time we are required to deal with complicated subject matter, things can get confusing, potentially leading to decisions based on a misunderstanding. In...