…after-tax contributions are amounts that a plan participant elects to set aside from his or her pay after the payroll department withholds taxes. The plan administrator deposits the after-tax contributions in a separate account within the 401(k) plan, where the amounts have the potential to…
…losses resulting from fiduciary breaches. Having a plan committee charter may help mitigate fiduciary liability for the committee members by carefully outlining the members’ roles and responsibilities. Further, having an ERISA 3(16) Fiduciary Administrator may also help to reduce fiduciary liability risk for a retirement…
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…whether this option is available to you. Your other choice will be to “roll over” your retirement money into your new employer’s retirement plan or an individual retirement account (IRA). If you arrange for a direct trustee-to-trustee transfer, the plan administrator will move the money…
…market volatility. Table 1: US Total Retirement Market, 2000-2016 Trillions of dollars, end-of-period, selected periods *Estimated. Components may not add to the total because of rounding. Sources: Investment Company Institute, Federal Reserve Board, Department of Labor, National Association of Government Defined Contribution Administrators, American Council…
…Fiduciary Standard How has it been impacted in 2018 and 2019 2020 Outlook – SEC Best Interest (BI) Standard SECURE Act How will the SECURE Act affect the retirement industry Pentegra view Exchange traded funds (ETFs) Review of ETFs Will ETFs continue their rapid growth?…
…the role of a plan fiduciary and the responsibilities fiduciaries have to a retirement plan and its participants. The Pentegra Fiduciary SmartPathTM is designed to help you understand your fiduciary responsibilities and corresponding liabilities and offers best practice recommendations and guidance for managing these duties.”…
…At best, this week’s Fed statement is a vague promise to maybe, someday consider a market bail out as they meanwhile consider a policy that still may include a few more painful rate increases. What was the December rate move then? Just as everything was…
…with us first to make sure this is the case for your client’s plan. Call on us any time to talk about optimizing profit sharing contributions or to have us share illustrations on how any of these methods may work best for a client’s situation….
…crisis more seriously of late, bodes well. But given that Congress is now in a lame duck session, nothing is guaranteed. Our best guess is that SSRA will probably be attached to another bill; with luck, that bill will be voted upon before January 3,…
…class (or for that matter, purchase one), what we can do is guide clients to ask the questions that are important, and find answers that make sense so that each individual can make their own decisions based on what is best for their individual circumstances….
…the necessary steps are taken to make certain the plan is in compliance with the vast number of regulatory requirements that need to be satisfied. One of the best ways to assure proper compliance is to keep your service providers informed of any major changes…