Retirement Plan Insights

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Department of Labor Deposit Requirements: What Employers Need to Know

By |November 9th, 2017|Categories: Uncategorized|

The timely deposit of elective deferrals and loan payments concerning 401(k) plans continues to be a major emphasis of examinations conducted by the Department of Labor (DOL). These examinations were implemented to safeguard any contributions

Auto-IRA Initiative in Illinois Meets Exemption Challenges

By |August 3rd, 2017|Categories: Uncategorized|

Illinois may face challenges during attempts to implement a binding, state-based auto-individual retirement account (IRA) program for private employers. During the initial proposal of a payroll-deduction auto-IRA, Illinois government officials aimed to create a state-run

Auto Enrollment/Escalation in Retirement Plans – Its Success Often Depends Upon Employer Actions

By |May 19th, 2017|Categories: Uncategorized|

There’s no disagreement that saving for retirement is something everyone needs to be doing. Yet, still today, not everyone is doing it. As companies continually look at ways to increase employee participation in their sponsored

401(k) Hardship Distributions Come With Strings Attached for Employers

By |May 19th, 2017|Categories: Uncategorized|

 Do You Have Appropriate Documentation and Protocols in Place for Safe Harbor Distributions? The IRS has indicated via memorandum the concern that not all employers properly substantiate that a hardship exists before granting a hardship distribution.  With

4 Things Retirement Plan Sponsors Need to Know about Leased Employees

By |May 27th, 2014|Categories: Uncategorized|

Cost and flexibility are two reasons employers might be interested in hiring leased employees. Although they are not “common-law” employees of the organization for which they are performing services (the “recipient” employer), when certain conditions

This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.

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