401k mistakes correcting

401k News: Dept of Labor and IRS Update Q2 2015


DOL Update Participant Fee Disclosure Deadline Extended During second quarter, the DOL released final regulations to permanently extend the annual participant fee disclosure time frame, effective this year. The original regulations require plans to provide a disclosure of plan and investment information, including an investment comparative chart, to participants once every 12 months. The first [...]

401k News: Dept of Labor and IRS Update Q2 20152016-12-14T17:05:29-08:00

401k News: Supreme Court Update Q2 2015


401k Supreme Court Update Ongoing Fiduciary Duty to Monitor Plan Investments Under ERISA, the plan fiduciary (typically the plan sponsor or a plan committee) has a fiduciary obligation to monitor plan fees and pay only reasonable fees from plan assets. The DOL has focused significant attention on this fiduciary responsibility through its fee disclosure mandates. In [...]

401k News: Supreme Court Update Q2 20152016-12-14T17:05:31-08:00

401k News: Legislative Update Q2 2015


401k Legislative Update State-Based Retirement Plan Initiatives While Congress has been unable to reach a consensus regarding whether automatic IRAs should be mandated for employers that do not offer retirement plans, a number of states have moved forward on this initiative, passing their own state-based retirement savings programs. Recently, 26 Senators wrote a joint letter to [...]

401k News: Legislative Update Q2 20152016-12-14T17:05:33-08:00

Retirement Plan News: IRS Recap Q1 2015


IRS UPDATE IRS Tips on Correcting Plan Mistakes The IRS has compiled a list of common plan mistakes it encounters during examinations and in its voluntary correction programs. It may be helpful for plan sponsors to be familiar with these common mistakes and IRS tips for self-correction to avoid making similar mistakes. On the IRS [...]

Retirement Plan News: IRS Recap Q1 20152016-12-14T17:05:41-08:00
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