When businesses offer a 401(k) or nonprofits provide a 403(b) plan, they give employees the opportunity to save for a…
Key TakeawaysAdhering to ERISA guidelines and maintaining meticulous records are crucial for protecting participant interests and ensuring regulatory compliance in…
Key TakeawaysThe updated Form 5500 rule now counts only participants with account balances at the beginning of the plan year…
Spring is in full swing, and while you're busy dusting off shelves and decluttering closets, don't forget about giving your…
Key TakeawaysDiscrepancies between the SPD and the employee handbook often stem from updates, different departmental management, and lack of regular…
UPDATE: On August 25, 2023, the Internal Revenue Service (IRS) released guidance that addressed Section 603 of the SECURE 2.0…
Key TakeawaysEmployers must provide certain notices and disclosures to not only existing participants, but also to terminated participants with account…
On Dec. 29, 2022, President Biden signed the Consolidated Appropriations Act into law which also contained the SECURE 2.0 Act…
The end of the year means upcoming due dates for many calendar-year qualified plans such as 401(k)s and 403(b)s. And…
Started in 1996 by the Plan Sponsor Council of America (PSCA), Friday following Labor Day was chosen as the “401(k)…