The IRS requires that contributions or benefits provided under a plan must not discriminate in favor of Highly Compensated Employees (HCEs).
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Employee Stock Ownership Plans Are More Common Than Ever
As of 2018, the National Center for Employee Ownership estimates that there are almost 7,000 employee stock ownership plans (ESOPs) covering more than 14 million employees.
Fraud Attempts Targeting Participant Distributions: How You Can Protect Your Plan
Fraudulent distribution request from participant 401(k) accounts is a fast growing trend in identity theft.
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).
Explore Your Retirement Plan Options Under the New Tax Law
Under the Tax Cut and Jobs Act (TCJA), tax rates are the lowest they have ever been. Some say that tax rates may never be this low again, providing employers with a unique opportunity to use plan design to take advantage of these lower rates.
Dunbar, Bender, and Zapf Brings 3(16) Fiduciary Services to Business Owners
Dunbar, Bender & Zapf, Inc. (DBZ), the largest regional retirement plan consulting and actuarial firm in the Pittsburgh area, announced that they are now offering 3(16) Fiduciary Services to assist clients with the day to day responsibilities of their retirement plan operations.
Do You Want to Work in Tall Buildings? The Art of Good Business Communication By Rebecca L. Hummer
We communicate every day with texts, emails, and phone calls to clients, advisors, and other professionals. Our days are filled with communications. Far too often, though, little or no attention is given to the way we communicate.
Don’t Forget About Traditional Defined Benefit Plans as a Sales Opportunity!
While the establishment of a cash balance plan is an easy sell for certain small employers, traditional defined benefit plans also present a great sales opportunity.
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.
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.