by Edward Smith | Jan 9, 2023 | Retirement Plans
January 1st is possibly the biggest enrollment period for retirement plans. After communicating to an employee that they are eligible for the plan, it’s important to be sure each employee completes the necessary forms. An enrollment form should be provided to each...
by Edward Smith | Dec 15, 2022 | Retirement Plans
With the New Year right around the corner, now is a good time to review your retirement plan’s policies, procedures, and internal controls. Having strong internal controls and documenting procedures is important to safeguarding retirement plan compliance and ensuring...
by Edward Smith | Nov 9, 2022 | Latest News, Multi-Employer Plans
The Pension Benefit Guaranty Corporation (PBGC) has already approved financial assistance to 32 troubled multiemployer retirement plans under the Interim Final Rule released in July 2021. The PBGC asserts that as of October 4, 2022, it has approved over $7.7 billion...
by Kendra Higgins | Oct 20, 2022 | Plan Documents, Retirement Plans
A new employee has a variety of forms to complete when hired. One of the most important forms new employees must complete is a beneficiary form for the company’s retirement benefit plans. It is essential the plan sponsor provide a beneficiary form to keep on file upon...
by Kendra Higgins | Jul 12, 2022 | Retirement Plans
Retirement plan record retention rules are found in both the Department of Labor (“DOL”) Regulations and the Employee Retirement Income Security Act of 1974 (ERISA), plus there are statutes of limitation concerns in relation to retirement plan sponsor liability for...
