PLAN DESIGN | Solutions
Overcoming Obstacles
Strategies to manage client resistance to plan design changes.
Tag: Plan Documents
Strategies to Manage Retirement Plan Loans
Enshrining these in a well-crafted loan policy statement can help plan sponsor clients take control of leakage and excess early...
IRS Says 403(b) Plans May Use Effective Date Addendums
Some sponsors that want to use a pre-approved plan have certain provisions that were not in effect for the plan for the entire restatement period or options that...
Fee Checker Tool Measures Impact on Savings
The upgraded fee checker tool by America’s Best 401k allows participants to lookup plans by business name to compare fees.
Retirement Industry People Moves
Cetera Expands Retirement Business; Mercer Expands Leadership in Detroit Office; OneAmerica Names West Coast Relationship Executive.
Actuaries Question Efficacy of Pension Funding Notices
Experts with the American Academy of Actuaries argue the Annual Funding Notice process required of pension plans under ERISA Section 101(f) is “an example of a good idea...
IRS Developing Presentation About Pre-Approved Plan Program Changes
The agency is seeking input about what to include in its presentation.
IRS Makes Effort to Encourage Use of Pre-Approved Plans
The agency has made changes to its opinion letter program for pre-approved retirement plans.
2017 Cumulative List for Pre-Approved Plans Issued
In a notice, the IRS reminds retirement plan sponsors it no longer issues determination letters for individually designed plans.
Secretary of Labor Gets Agreement from SEC to Review Fiduciary Rule
During a hearing, Acosta claimed that previously the SEC did not work jointly with the DOL on the rule.
servicing strategies
Avoidance Strategies
How advisers can help sponsors steer clear of common plan errors
List of Pre-Approved 403b Plan Documents Issued
403(b) plan sponsors can now seek out providers of pre-approved plan documents to adopt.
Comprehensive Coverage of PSNC 2017
The three-day event featured speakers from the DOL, top ERISA law firms and plan providers, as well as high-performing plan sponsors from across the U.S.
Wagner Gets Approval of 403(b) Plan Document
Wagner Law Group says its volume submitter 403(b) plan has flexible design options to meet the needs of most 403(b) plan sponsors.
May 1 Is Deadline for New Adopters of Pre-Approved Plans
DC plan sponsors with individually designed plans can convert to a pre-approved plan now that the IRS determination letter program has ended.
IRS Approves DATAIR 403(b) Pre-Approved Plan Document
The document is a volume submitter format and is designed to accommodate both ERISA and non-ERISA plans as well as church plans and plans for governmental entities.
Congress Considers Lifetime Income Disclosure
The Lifetime Income Disclosure Act would require employer-sponsored plans to provide participants with statements detailing potential lifetime income from annuities.
Administrative Proceedings for ERISA Legality Claims Would Be Futile
The 6th Circuit said if 403(b) participants had tried to use the plan's administrative remedies for claims a plan amendment violated ERISA, it would have been futile.
Groom Solution Makes Up for Loss of Determination Letter Program
Groom has developed its Document Compliance Service (DCS) for individually designed plans that have current IRS determination letters.