Retirement Plan Newsletters

Relevant news, updates and resources for retirement plan sponsors and fiduciaries.

In our April 2021 Sikich Retirement Plan Services newsletter, please see articles with discussions on:

Your Investment Policy Statement is Important to Us

The Investment Policy Statement (IPS) is the roadmap of a prudent process for fund selection on any given plan. There is a fine line when scripting an IPS, and ERISA attorneys and investment professionals must take great lengths to word the document concisely – not making it too vague or too restrictive. The object of this roadmap is to help the plan fiduciaries make the best decisions on fund selections based on the IPS. Please review more information on this important topic in the April issue of the Sikich Retirement Times.

401(k) Plan Tax Credit Summary

Eligible employers may be able to claim a tax credit of up to $5,000, for up to three years, for the ordinary and necessary costs of starting a SEP, Simple IRA, or qualified plan (such as a 401(k) plan.) A comprehensive explanation is in this month’s addition of the Sikich Retirement Times.

Retirement Plan Committee Activities

A retirement plan committee consists of co-fiduciaries, who are responsible for all plan management activities that have been delegated to them by their plan’s named fiduciary. ERISA states that they must act exclusively in the best interest of plan participants, beneficiaries, and alternate payees as they manage their plans administrative and management functions. The Department of Labor (DOL) is now asking plan sponsors to provide documentation of a comprehensive and ongoing fiduciary training program for all plan fiduciaries. In this month’s Sikich Retirement Times, find out the resources that plan sponsors can obtain to help with this very important topic.

Request An Assessment

Fill out the form and our RPS team will schedule a free assessment of your current plan and/or a consultation to discuss designing a new one.