View This Newsletter: Retirement Plan Fiduciary Responsibilities Overview: Who or what is a fiduciary? Being named in the plan document or being appointed as a fiduciary; Exercising discretionary authority or control over plan assets and/or the management of the plan; or…
View This Newsletter: Retirement Plans for Small Businesses Overview: Defined Benefit (DB) Plans An actuary’s role Defined Contribution (DC) Plans Greater flexibility Contribution limits Different Types of DC Plans – SEP, SIMPLE IRA, 401(k), 403(b) Pros and cons of each A…
View This Newsletter: Automatic Enrollment for 401(k) Plans Overview: Automatic Enrollment for 401(k) Plans Popularity of auto-enroll Separating hyperbole from helpful What is Automatic Enrollment? Opt-in vs. Opt-out Automatic escalation Eligible Automatic Contribution Arrangement (EACA) Two special features Deadline extension for corrective…
View This Newsletter: Depositing Retirement Plan Contributions Overview: Depositing Employee 401(k) Elective Deferrals Deadlines Definition of “as soon as possible” Depositing Company Contributions Tax Deductions Not for Profit Organizations (NPO) Deadline Contribution Limits Annual Additions Limit Test Corrections Actual Deferral Percentage…
View This Newsletter Focus: Year-End Compliance Testing Overview Employee Census Data Collection Owners and Officers Highly Compensated Employees (HCEs) Key Employees Related Businesses Required Plan Compliance Testing Minimum Coverage Test ADP Test and ACP Test Top Heavy Test Annual Additions Test…
View this Newsletter Focus: Hardship Distributions from 401(k) Plans Does the plan permit hardship distributions? What qualifies as a hardship? Are other financial resources available to the participant? Plan loans vs. Hardship Distributions What funds are available for hardship distribution? Employee…
View this Newsletter Focus: The Ultimate Plan Sponsor Checklist Do you have copies of all the plan documents and records? Are you properly insured as a plan sponsor? Do you timely distribute required documents, notices and educational retirement fund materials to your…
View this Newsletter Focus: Ready or Not, Here it Comes…the PPA Plan Restatement Background Types of plan documents Individually designed Pre-approved Restatement cycles IRS letters Protected benefits Restatement process Same gender marriage interim amendments Defense of Marriage Act (DOMA) By Robbie…
View This Newsletter Focus: The Continuing Evolution of the Safe Harbor 401(k) Plan Background Tried it but didn’t like it Tried it, like it, but want to make a few changes Forfeitures…be careful when and how you use them Forgot to provide…
View this Newsletter Focus: Boomerang Employees Leaves of absence, inconsistent work schedules, and transfers The rule of parity Breaks in service Eligibility and vesting By Robbie Petrillo Pinnacle Plan Design is a third-party administrator (TPA) of employer-sponsored qualified retirement plans.…
