Five Retirement Plan Trends to Watch in 2024
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We have found 49 results matching your search query.Plan Sponsors’ Five Deadly Sins
…need to help deliver and monitor the best retirement plan for each client. You can offer tremendous value to your 401(k) clients by using your expertise to help identify, fix and avoid the most common plan mistakes, before they become big problems. This will help…
Avoid Plan Pitfalls During Testing Season
…a successful business. How hard can it be to add a retirement plan to the mix?” Unfortunately, we have witnessed too many talented business owners underestimate the effort and expertise that is needed to run a compliant retirement plan. Often, employers hire experts to help…
PEPs Present Opportunities—For Employers and Advisors
…for over 80 years, bring expertise and efficiency that many employers would struggle to arrange themselves. According to a recent survey1, 80 percent of defined contribution consulting firms neither serve as PPPs nor plan to serve as a PPP anytime soon. Pentegra’s expertise with multiple…
The Educated 3(16) Fiduciary
Many financial organizations tout the benefits of their ERISA 3(16) fiduciary services and, frankly, many of these messages can sound irresistibly compelling. But buyer beware; not all 3(16) fiduciary services are created equal. In today’s increasingly litigious environment, it is imperative for plan sponsors to…
Plan Penalties, Costs and 3(16)
The Department of Labor (DOL), Internal Revenue Service (IRS) and Pension Benefit Guaranty Corporation (PBGC) have extensive reporting and disclosure requirements for qualified retirement plan officials. These reporting and disclosure requirements serve the important function of educating and supporting participants in their retirement planning journey,…
Automatic Enrollment/Escalation—Is My Plan Grandfathered?
We knew it was coming—some type of auto enrollment and auto escalation mandate for 401(k) and 403(b) plans. Congress has long been a proponent of such automatic arrangements as they have proven they boost plan participation. The first “negative election” plans go back 25 years…
Partial Plan Termination and the Applicable Period Case Study
An advisor in Ohio asked: “My client suffered an accident and cannot keep employees on at his business. He was wondering if he could lay off employees over time to avoid triggering full vesting for a partial plan termination?” Here’s What We Know The IRS…
Sweeter Deal Awaits Small Businesses When Starting a Workplace Retirement Plan
A sweeter tax deal may await you as result of recent law changes if you are a “small” business owner who does not currently offer a workplace retirement plan. By small, we mean businesses with 50 or fewer employees. Section 102 of the SECURE Act…
When Does a 401(k) Deferral Become a Catch-Up Contribution?
A recent call with an advisor involved a question on 401(k) catch-up contributions. The advisor asked: “When does a 401(k) deferral become a catch-up contribution?” An employee salary deferral becomes a catch-up contribution when it exceeds the lowest of the following three limits (See Treasury…
Who’s the Plan Administrator?
In a merger and acquisition (M&A) situation, where the acquiring organization does not assume the seller’s retirement plan, what is something that the selling company often overlooks with respect to its retirement plan? M&A scenarios are notorious for treating retirement plans as an after-thought. Because…
Emergency Savings Accounts May Change Mindset and Retirement Outcomes
Through SECURE Act 2.0 (SECURE 2.0), lawmakers are hoping to expand retirement plan coverage, increase retirement savings, preserve retirement income, and simplify and clarify retirement plan rules to help address the retirement savings crisis many U.S. workers are facing. In a nutshell, they want to…