Articles 131 - 137 of 137
Best Practices in Engaging 401(k) Participants
A 401(k) plan without adequate planning tools and processes is like a bag of groceries without a cookbook; great possibilities exist, but the odds of acceptable outcomes are greatly diminished. How do plan sponsors who genuinely believe their employees are one of their organizations’ biggest assets engage participants at the intersection of human and financial capital?
What is Your Fiduciary Responsibility as a Plan Sponsor?
As the sponsor of an employee benefit plan (which include 401(k), profit sharing and defined benefit plans) under the Employee Retirement Income Security Act (ERISA), you, the employer, have certain fiduciary responsibilities. These fiduciary responsibilities are standards of conduct for those who manage an employee benefit plan and its assets and are set by ERISA.
Transition Relief for 403(b) Plan Administrators and Their Audit Requirements
In response to concerns raised by various parties, the US Department of Labor’s Employee Benefits Security Administration (EBSA) has provided transition relief for 403(b) plan administrators that make good-faith efforts to transition to the 2009 plan year ERISA annual reporting requirements. Mara Bruce provides a summary.
Management's Responsibility Over Financial Reporting
While many different parties have fiduciary responsibility for ERISA plans, members of the plan's management have particular responsibilities, one of which