…like a good time to revisit the topic and provide some updates. Discussions about changes to the fiduciary standard as applied under the Employee Retirement Income Security Act of 1974 (ERISA) took some five years, with the new fiduciary rule finalized by the U.S. Department…
As a general rule, an ERISA plan administrator may furnish notices to employees electronically. However, the administrator must use measures “reasonably calculated to ensure actual receipt.” To meet the DOL standard for electronic delivery of required plan notices, the guidelines require the following: The participant…
…for bank deposits, the PBGC is essentially a federally-created safety net that provides limited coverage for private sector workers if their company’s pension fund fails. It was created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of…
…help set yourself apart. Talk to us about how we can help you showcase your approach to helping clients achieve the outcomes they seek for themselves and their employees. It’ll set you apart from the pack and help set the foundation to grow your business….
…plan will help you customize it. What does financial wellness mean to you? A 401(k) is a savings vehicle, but you can also use it to help educate employees to be healthier in all aspects of their lives. Are you familiar with different ways we…
…equity for exposure to the U.S. and non-U.S. equity markets. This approach is designed to help offset the impact of salary-based benefit accruals of active employees on future liabilities. It often uses a “core and satellite” structure, where the core investments can include index funds…
…These proxy voting policies can lead, in some cases, to divestment of companies which are deemed to violate corporate governance best practices. Private pension plans, on the other hand, are governed by Department of Labor (DOL) regulations under the Employee Retirement Income Security Act of…
Even with the ongoing uncertainty about the possible expansion of the Department of Labor’s (DOL) definition of the fiduciary standard created by the Employee Retirement Income Security Act of 1974 (ERISA), now is still a good time for plan sponsors to understand – and plan…
…of Employer Retirement Plans Millennials, who became the largest generation in the American workforce in 2015, have begun to flex their workplace muscle. They have already changed the rules about how we communicate, how we work as well as how they view employee benefits—in particular,…
As an employer, implementing Auto-Enrollment features can help to shift employees in the direction of retirement savings while still allowing the freedom to make their own choices. Join us as we discuss what you need to know to implement or improve upon auto-enrollment features, including:…
…face personal liability exposure that will not be protected by a fidelity bond. The pension law (ERISA) generally requires that every fiduciary of an employee benefit plan and any other person who handles plan money be covered by a fidelity bond. The fidelity bond protects…
…the maximum possible deductible plan contribution. IS THERE A COST TO THE EMPLOYEE FOR THE LIFE INSURANCE? Whenever life insurance is included in a qualified retirement plan, the insured is receiving an immediate benefit in the form of the life insurance protection. The value of…