…about that – and then think again! Easier access to Multiple Employer Plans (MEPs). A MEP can be a cost-effective way of managing a retirement plan, making it simpler for a given company or business owner to run its plan while providing a level of…
…financial wellness and wellbeing to help differentiate themselves as the employer of choice. Below are a few ways employers are now positioning themselves for success: Offer Employer Retirement Plan Matching Contributions An employer retirement plan match is an attractive employee benefit that can help an…
…about 826,000 retirees of 4,700 terminated DB pension plans. Including those who have not yet retired and participants in multiemployer plans receiving financial assistance, PBGC is responsible for the current and future pension benefits of about 1.5 million people. Its single-employer program protects 30 million…
…in order to claim an exemption from ERISA: Participation must be voluntary. All rights under the annuity contracts or custodial accounts must be enforceable by the employee or beneficiary (not the employer.) Involvement of the employer must be limited to certain restricted activities. The employer…
…to join together to create open Multiple Employer Plans (MEPs) and to expand retirement plan participation to part-time workers. 5. Will Exchange Traded Funds (ETFs) continue their rapid growth? While ETF assets remain a relatively small fraction of the total of passive index funds and…
…the Senate last year, is expected to be reintroduced this year; in fact, the House Ways & Means Committee held a hearing on the bill on Feb. 6. The bill would expand multiple employer plans (MEPs) and alter some restrictions in an effort to make…
…ultimately belongs to the bank, it is the named fiduciary who holds the liability in such instances. Such an arrangement can also be of value in the case of multiple employer plans (MEPs), an employee benefit plan that can be maintained as a single plan…
…If an employer sponsors more than one qualified retirement plan the contributions for each plan must be aggregated to determine the total contributions for the year. WHAT ARE THE 415 LIMITATIONS FOR DEFINED CONTRIBUTION PLANS? The plan is usually defined as the sum of: Employer…
…employees, through an Open MEP (Multiple Employer Plan); raise the required minimum distribution age from 70½ to 72; and concurrently remove the age limit for contributing to Individual Retirement Accounts (IRAs). It also would make it easier for employees to transfer their retirement plan assets…
…is the level of employer involvement. If a plan falls under ERISA there is a significant amount of employer involvement that is necessary. The employer chooses the types of investments option based on what is best for the plan and sends the payments to the…
…from a perhaps unexpected source: The Internal Revenue Service. On August 17, in a private letter ruling, the IRS affirmed one employer’s approach that would allow employees who direct a certain amount of their paycheck toward student loan repayments to still get an employer contribution…
…Initial Public Offering (IPO). HOW DO YOU INCORPORATE COMPANY STOCK IN A RETIREMENT PLAN? 401(k) plan with stock option A 401(k) plan with employer stock as an investment option combines the equity ownership of employer securities with the retirement savings benefits of a 401(k) plan,…