Plan Year-End “To Do” List December 2010 Newsletter The end of the year is fast approaching which signals important assignments for plan administrators. First are the items that must be completed by year-end, such as establishing a new plan or making required minimum distributions. There is also a new in-plan Roth conversion option that requires…
Record Retention October 2010 Newsletter The record storage business is booming. A Google search yields pages and pages of links to companies offering to safely and securely store vital personal and/or business records. As the regulatory environment in which businesses operate becomes increasingly complex, the need to maintain thorough records of various activities becomes increasingly…
Safe Harbor 401(k) Plan Offers Many Advantages August 2010 Newsletter The continuing popularity of the 401(k) plan has made it the most widely used savings plan in the country. As employers have had to shift limited resources to cover the ever-increasing cost of other benefits, the ability for employees to contribute to their retirement savings…
Roth 401(k) FAQs June 2010 Newsletter Designated Roth contributions (a/k/a Roth 401(k) or Roth deferrals) have been available since 2006, but a change in the tax laws governing Roth IRAs has reenergized discussions about this feature. This article is in Q&A format and addresses some of the more common questions about Roth 401(k) contributions. But…
When Should the Check be in the Mail? April 2010 Newsletter Every qualified retirement plan has a specific deadline by which employer contributions must be deposited to the plan for each plan year. However, the rules concerning participants’ contributions have not been as clear. For example, in 401(k) plans, employees typically defer a portion of…
Participants are on a Need to Know Basis…and They Need to Know February 2010 Newsletter It seems that every time you turn around, you are required to provide yet another notice to the participants in your company’s retirement plan. While plan-related notices are not a new phenomenon, the Pension Protection Act (PPA) took the concept…