Each year nondiscrimination testing must be performed on your Defined Benefit Plan. Do you have a strategy in place? The right plan design strategy can address potential testing failures. Join us on as we provide insights into what’s involved with nondiscrimination testing and what you…
…of retirement plan designs and individual plan features that can help them reach their goals. Depending on their situation, here’s a quick snapshot of some of the most popular: First, a 401(k) plan with a Safe Harbor feature can be a great vehicle. With this…
…future contributions. The company’s retirement PLAN DOCUMENT spells out how forfeitures are to be treated. In other words, the definition of vesting and forfeitures and how they’ll be handled should be clear to the employer and all plan participants. As a plan design feature, vesting…
…contribution limits over and above current defined contribution plan limits. Businesses looking for a larger tax deduction than a 401(k) or other defined contribution plan can offer on its own. Employers looking for greater plan design and contribution flexibility to provide different benefits for different…
A blog by Richard Rausser, CPC, QPA, QKA, Senior Vice President – October 11, 2014 In my last blog I discussed the benefits of the new Pentegra SmartPath™, a tool that offers a series of progressive plan design metrics crafted in a way to best…
…participants’ needs. With such flexibility should come interactivity. Does your potential service provider offer a consultative and strategic approach to your retirement plan design? Will they furnish a thorough review of the existing program and provide peer analysis and competitive considerations? Going hand-in-hand with those…
…include: must be run by a PPP (Pooled Plan Provider); must designate one or more bank[2] trustees who are not participating employers to ensure contributions are properly collected and remitted and hold assets for safekeeping; no unreasonable restrictions, fees, or penalties. Electronic Delivery as the…
…money for at least several years. WHAT ARE FIXED INCOME FUNDS? Fixed Income investments are designed to protect the value of your money over short periods of time. These types of investments generally present a low risk of losing principal. Fixed income funds include money…
p>Target date funds, also sometimes called ‘age-based’ or ‘time horizon’ funds, are a series of balanced investment portfolios designed to correspond with a particular retirement time horizon. These funds seek to meet retirement goals through a combination of capital appreciation and income. WHY USE TARGET…
Introduced on June 7 by U.S. Senator John Kennedy (R-LA), the pair of bills are designed to encourage more Americans to save for their retirement, and maintain greater control over those savings. The Keeping Your Retirement Act would raise the required minimum distributions (RMD) age…
…plan sponsor to engage in an objective process designed to elicit information necessary to evaluate candidates considering, but not limited to, the following: Qualifications of the service provider, Whether it has a consistent track record of service, Its professional “bench-strength” and tenure of staff, The…
…of decumulation work together. We’ll discuss how employers and advisors can offer effective plan designs that allow employees to maximize their options, and throughout, we’ll weave in tips and food for thought for your employees to consider to help set them up for retirement success!…