Blog

Cybersecurity is everyone’s responsibility! Cybersecurity breaches of retirement plan participant accounts are increasing, specifically with fraudulent distribution requests. As a plan sponsor you should have established cybersecurity policies in place that are reviewed and tested periodically. It is also recommended that you have cybersecurity insurance, ensure...

PII or personal identifiable information, is data that directly identifies an individual such as name, social security number, telephone number, address, or email address.  It also includes indirect identification which may identify an individual in conjunction with other information.  For example, gender, race, birth date...

We’ve just started our request of year end census information from each of our clients. We do this each year to enable us to run necessary non-discrimination testing. If the plan doesn’t pass these tests we need to take corrective action quickly. In testing we...

The IRS has identified 11 common retirement plan "failures" through audits, voluntary compliance submissions (such as VCP or VFC), determination letter applications and annual Form 5500 filings. These avoidable "failures" can be extremely costly to the plan sponsor if caught by the IRS before a...

After eight years of offering automatic enrollment to its clients, Bank of America Merrill Lynch notes that: Of employees who were placed into their employer’s plan via automatic enrollment, only 3.4% opted out in 2014. Fewer employees opt out of participating in their 401(k) plan...

Do you have a retirement problem that needs solving?

contact us