SECURE Act and CARES Act Still Demand Client Diligence
As an example, if a plan sponsor has not yet started tracking part-time employees to see whether they accumulate 500 hours of service in 2021, they should begin doing so immediately.
How to Choose a PEP
15th Anniversary of RPAY: Bukaty Companies Financial Services
Since winning the 2019 PLANSPONSOR Retirement Plan Adviser Mega Team of the Year award, Bukaty Companies Financial Services was acquired by employee benefits giant OneDigital, greatly expanding the services it can now offer clients.
Client Considerations as PEPs Come Online
401(k) Plan Co. Launches PEP as Alternative to CalSavers
The firm says the new PEP features higher contribution limits relative to CalSavers.
SECURE Act Dictates Long-Term, Part-Time Employees Be Included in Retirement Plans
But there are some options employers have with respect to enforcing this, such as allowing part-time employees to make their own contributions.
What a Year!
Legislative and Judicial Actions
Expanded Plan Access
Tracking Part-Timers’ Hours
Does Senate Hearing Foreshadow More Retirement Reform?
Commenters at a Senate Finance Committee hearing held Wednesday sure hoped so—and they had a lot of ambitious ideas.
IRS Offers Guidance for Safe Harbor Plans on SECURE Act Provisions
A Q&A addresses the auto-enrollment cap and safe harbor notice requirements.
2020 Required Amendments List Published by IRS
The two items that may require an amendment relate to difficulty of care payments treated as compensation for 415 limits, and the application of cooperative and small employer charity pension plan rules.
A Strong Appetite for ‘SECURE Act 2.0’ in Congress
One retirement plan industry executive says his conversations with members of the U.S. House and Senate make him optimistic that Congress could act sooner rather than later on the new legislation.
Principal to Launch Pooled Employer Plan
With its PEP, the firm plans to simplify plan administration and reduce fiduciary risk to help more businesses offer a retirement plan.
Familiar Fiduciary Concerns Voiced as PEP Market Takes Shape
Encouraging Young Part-Time Employees to Save for Retirement
Financial advisers can help part-time employees who will be newly eligible for retirement plans under the SECURE Act get familiar with savings concepts.
Retirement Industry Cheers New ‘Securing a Strong Retirement Act’
The bipartisan piece of legislation includes provisions that have long been popular among retirement industry stakeholders, including the elimination of barriers to allow greater use of lifetime income products.
Helping Clients With Part-Time Employee Inclusion in Retirement Plans
