Archive: retirement plan

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Retirement Plan Voluntary Correction Program Enhanced

One of the longstanding, basic tenets of the qualified retirement plan world is the concept of self-policing. Few sectors rely so heavily on participants policing, reporting, and correcting their missteps with so much at stake. The fact of the matter is that the regulatory agencies do not have the resources to adequately police the retirement […]

Department of Labor’s New Focus During Retirement Plan Audits

Most employers are terrified at the thought of being audited by a regulatory agency. Retirement plan audits in particular cause high levels of anxiety given their complex nature and because they hold employees’ retirement assets. Retirement plans are generally policed by two federal agencies, Employee Benefits Security Administration (EBSA) through the Department of Labor and […]

401(k) Auto Enrollment Trends

Hardly a day goes by when we don’t hear about the retirement crisis in America. In response to this crisis, many employers automatically enroll employees in their 401(k) retirement plans. Automatic enrollment allows an employer to automatically withhold contributions from an employee’s wages and increase that withholding amount each year. Download our “401(k) Auto Enrollment […]

Choosing a Retirement Plan for Your Business

Retirement is a goal of almost everyone and people frequently find themselves asking, “How can I save more money for retirement?” Statistics say 1 in 3 Americans have zero retirement savings. This is particularly concerning when experts say retirement can last far longer than most people expect and you need more money to live comfortably […]

2018 Retirement Plan Readiness Checklist

With 2017 behind us, our Employee Benefit Plan Services Group wants to help you prepare for administering your 2018 retirement plans.We’ve assembled a checklist of items to keep in mind as you move forward in your planning and execution.

Deferred Compensation for Nonprofits

Unlike for-profit organizations, employees of nonprofit organizations have the inability to receive stock based compensation and prosper with the growth and value of the organization. Nonprofits do not have “owners” and private inurement of the benefits of a nonprofit to an individual could be subject to the return of the benefit and additional penalties. Employees […]
September 5, 2017

Retirement Plan Lawsuits

As has been reported in the press, there has been an increase in class action lawsuits relative to investment fees, plan administration costs, and other aspects of retirement plans. Several major universities – Yale, the Massachusetts Institute of Technology, New York University, Johns Hopkins University, Duke University, the University of Pennsylvania, Vanderbilt University and Emory University […]
October 5, 2016
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  • Aronson

Start the Retirement Plan Year off Right

Are you ready for 2016? Do not forget your retirement plan! Get ahead of the game this January. Beginning the year with an internal review to ensure payroll, personnel, and benefit systems are functioning properly can save you time and money. Having a set of policies and procedures in place at the beginning of the […]

New White Paper on Employee Benefit Plan Audits Ready for Immediate Download

Earlier this year, Aronson released the results of our first annual “Employee Benefit Plan Benchmarking Survey”, a valuable tool for appraising your organization’s benefit plan strategies against those of other employers. If you haven’t downloaded it already, we encourage you to do so. Now that you are armed with that information, you might be wondering […]

401(k) Plans: Don’t Overlook Your Company’s Multi-Million Dollar Investment

Even though it is often overlooked by plan sponsors, a 401(k) plan is one of the most important assets to your company because it pertains to the retirement welfare of your employees. 401(k) plan assets are not considered an asset to the company itself. They are never recorded as an asset on your company financial […]