…Pooled Plan Provider (PPP) In order to qualify as a PEP, the PEP must be run by a PPP, who is a named fiduciary identified in the plan document and is also the ERISA Section 3(16) administrator, responsible for ensuring the plan meets qualification requirements…
…– SEP, PEP, GoP, or MEP – outsourcing fiduciary duty to a reputable third party can save time, money and hassle. A third-party administrator (TPA) is, by design, someone who can keep track of all of the regulations, deadlines, changes, and other ins and outs…
…Want to Retire. Now What? A Business Owner’s Guide to the Best Plan, by Mary Read, CPC, QPA This informative book lays out the planning path for retirement in terms you and your clients can understand. Use it as a tool to educate yourself and…
…would be the named fiduciary and act as the ERISA Section 3(16) plan administrator; that one or more bank trustees who are not participating employers are designated to ensure that contributions are properly collected and remitted, and that assets are duly held for safekeeping; that…
…less than useful. Instead, clients want to know how we in the retirement services industry can help them not to screw things up – and how we can help when they do. What sometimes gets missed is that a company’s 401(k) plan administrator is, in…
…a third-party administrator that works as a fiduciary, like Pentegra – instead of a simple service provider – can alleviate the confusion that can easily arise when making true-up calculations. When Pentegra acts as an ERISA 3(16) plan administrator, we take as much of the…
…the plan. The named plan administrator is responsible for many things including: making sure eligibility is determined correctly, making sure that a number of required notices and mailings go out every year, making sure that plan-related payroll is properly processed and more. They are also…
…have the plan design conversation? Cash Balance 101. Our virtual classroom is open and we want to provide you with the knowledge you need! Core Curriculum Plan Design best practices Strategic selection – which clients may be the best fit and why Talking points for…
…issues relevant to that area. In most pursuits, people usually look for a “rule of thumb” when it comes to sound strategies or best practices. However, when it comes to developing a retirement plan strategy the rule of thumb is that there is no rule…
We’re pleased to introduce the latest in our Pentegra SmartPath™ Thought Leadership Series: The Millennial SmartPath™, an exclusive report detailing best practices and strategies for millennials to help improve retirement readiness and overall financial wellness. Millennials, also known as Gen Y, are perhaps not surprisingly…
…over the past several years, with implementation dates coming and going and concerns over the controversial “best interests of one’s clients” requirement continuing to be voiced; I discussed some of those issues here. Ultimately, the DOL Fiduciary Rule was vacated by the 5th U.S. Circuit…
…on Cash Balance plan design best practices, and how to get from simple contribution design to complex contribution design – with and without a calculator – with our back of the napkin approach. We’ll talk strategies on which clients might be the best fit for…