Automatic Enrollment for 401(k) Plans

Automatic Enrollment for 401(k) Plans

Automatic Enrollment for 401(k) Plans McDonald’s may have been the automatic enrollment pioneer 30 years ago, but it wasn’t until 2008 when the new Pension Protection Act rules kicked in that it really started to gain serious momentum. Since that time,...
Automatic Enrollment for 401(k) Plans

Timing Is Everything

Timing Is Everything For years now, we have been hearing from the Department of Labor (DOL) about the importance of depositing employee 401(k) deferrals and loan payments as quickly as possible. While that continues to be the case, it seems that there is not nearly as...
Automatic Enrollment for 401(k) Plans

Year-End Compliance Testing Overview

Year-End Compliance Testing Overview The end of the calendar year is fast approaching which means the plan year end for many qualified plans. It will be time for plan sponsors to collect complete employee data to enable their service providers to perform the numerous...
Automatic Enrollment for 401(k) Plans

Hardship Distributions from 401(k) Plans

Hardship Distributions from 401(k) Plans It’s four o’clock on Friday afternoon and there’s a knock on the door of the Human Resource Manager’s office. It’s Zachary, a fairly new employee who entered the company’s 401(k) plan last...
Automatic Enrollment for 401(k) Plans

The Ultimate Plan Sponsor Checklist

The Ultimate Plan Sponsor Checklist While they don’t have a book called Retirement Plan Sponsorship for Dummies, they should. So in the interim, here is a checklist that plan sponsors should review that can help them develop good practices and avoid unnecessary...