Retirement plans adopting their recordkeeper or third-party administrator’s volume submitter document must obtain an opinion letter from the Internal Revenue Service stating the document reflects all applicable legal requirements. Every six years, these...
Plan Sponsors should understand that terminated employees who left their account balance in your plan are still considered participants under ERISA. They cannot contribute to their account under the plan but otherwise they have the same ERISA protected rights as plan...
401(k) Retirement Plan Facts Your employer provides you with a retirement plan for you to save money in, tax-deferred, for the day you bid your career farewell and enter retirement. It is important to know the facts about your plan, so you can maximize its saving...
Does your plan require an annual audit? If your eligible participant count (including terminated employees who maintain an account balance) exceeds 100 at the beginning of your plan year you may be required to conduct a benefit plan audit (the one exception is the...
