What’s been going on in the retirement & health plan fields? Here we’ll discuss the latest information & best practices for managing your plans.
If you are a plan sponsor (or you’ve read Part 1 of this guide), you know that you are responsible for overseeing retirement plans (such as 401(k)s or pensions). As such, you must also provide participants with various notices throughout the year. These...
As a plan sponsor, you are required to provide a number of communications and disclosures to the plan participant. These disclosures are critical to ensuring transparency, protecting participants, and helping participants make informed decisions about their...
As a Plan Administrator, understanding 401k audit requirements is essential for maintaining compliance and avoiding costly penalties. This guide provides a clear overview of what triggers a 401(k) audit, what documentation and data are reviewed, and and how...
As your group’s Plan Administrator, you're on the front lines of ensuring compliance. That includes gathering the right data, filing Form 5500 accurately, and meeting critical deadlines. At Watkins Ross, we expertly prepare Form 5500 for our clients. This is...
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...
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,...
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...
Dividing pensions in a divorce can be a complicated process for plan administrators to navigate, but understanding the steps and roles involved can help make things smoother. The court is ultimately responsible for determining how pension benefits will be...
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...
Ensure accurate year-end 401(k) data for correct contributions, smooth audits, compliance, and efficient plan management.