Employee benefits, like retirement plans, play a powerful role in boosting engagement and supporting long-term employee retention. To maximize a retirement plan’s value for both employees and the company, plan administrators must ensure the plan is carefully...
401K Plan Compliance
Defined Contribution Plan Annual Review: Key Steps for Plan Administrators
As a plan administrator, you play a vital role in managing a Defined Contribution Plan, you play a crucial role in keeping retirement plans, benefit programs, and pension systems running smoothly. Your responsibilities include overseeing compliance, financial...
Why Plan Sponsors Need a Strong Cybersecurity Policy for 401(k) Plans
If you’re responsible for managing your company’s 401(k) plan, cybersecurity might not be at the top of your to-do list—but it should be. Retirement plans contain highly sensitive financial and personal data, making them a prime target for cybercriminals. A...
Why Accurate Compensation Plan Definitions Are Essential for Your 401(k) Plan
Using the correct definition of your compensation plan in your 401(k) plan is essential. When it’s wrong, it can cause headaches like failed plan tests, incorrect contributions, or even IRS penalties. Here’s what you need to know to avoid these issues. What Happens...
Why Clean Year-End Data Matters for Your 401(k) Plan
Ensure accurate year-end 401(k) data for correct contributions, smooth audits, compliance, and efficient plan management.