Utilizing an Independent TPA Over a Bundled Service: Why It’s the Right Choice for Your Company

When choosing how to manage a 401(k) plan, the employer has two primary choices: bundled plan management services, or they can choose to utilize services from an independent Third-Party Administrator (TPA). For some employers, especially those who are initiating a smaller plan, bundling services may seem like a better option because of its “one-stop shop” […]

What if clients fail their 401(k) testing?

The IRS requires that contributions or benefits provided under a plan must not discriminate in favor of Highly Compensated Employees (HCEs).  For the 2016 and 2017 plan years an HCE is any individual who has more than 5% ownership in the current or prior plan year, including certain family members of owners, and employees with […]

Phishing & Spoofing & Malware, Oh My!

The IRS is warning human resource and payroll departments about an ongoing email scam.  This type of email phishing known as “spoofing,” uses a corporate officer’s name to request W-2 information. If you receive an email requesting W-2 information, even if from an executive level associate, it may be worth your while to confirm the […]

Am I a “Fiduciary”?

Due to the recent enactment of the DOL Fiduciary Rule and a lot of back and forth on possible implementation delays, the term “fiduciary” has been very prominent in the news.  The Rule began its phase-in on June 9, 2017.  Whether or not there will be significant changes from its current state is unclear.  The […]