Employee Benefit Plans

What to Do with Orphaned 401(k) Plan Accounts

January 25, 2018

In today’s environment, employees change jobs more frequently and with the baby boomers hitting retirement age, it’s common for 401(k) plans to have a significant number of orphan accounts. Plan administrators may need to determine a strategy as to how to handle these accounts. In order to effectively implement a strategy, the following factors must…

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President Signs Sweeping Tax Overhaul Bill into Law

December 22, 2017

On December 20th, 2017, Congress approved the final version of the “Tax Cuts and Jobs Act.” Earlier today, President Trump signed this bill into law. This is the first major tax overhaul since Ronald Reagan was president. It will have far-reaching effects on all individuals and businesses. Please click below for a special report on key…

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The Latest on Tax Reform

December 19, 2017

On December 15th, 2017 the House and Senate conference committee released the final version of the “Tax Cuts and Jobs Act,” a sweeping tax reform proposal. The Conference bill would impact virtually every individual and business on a level not seen in over 30 years.  Please click below for a special report on key aspects of…

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The Right Plan?

GAO Report: Some Plan Designs May Reduce Retirement Savings

December 11, 2017

There are various practices that retirement plan sponsors can utilize to reduce their outlays for younger employees, and those that relocate to other employers soon after being employed. The General Accountability Office (“GAO”) recently examined those plan design opportunities, and is signaling alarm bells. The GAO has communicated their apprehensions to Congress that these options…

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Attract Qualified Employees with a Retirement Plan

November 15, 2017

If your business offers a retirement plan, you can benefit in numerous ways. For example, the plan can help you attract and retain qualified employees. More than three-quarters of workers say a retirement plan is extremely important to them, according to the 2017 report, Value of Workplace Benefits: Findings from the 2016 Health and Voluntary…

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Did You File Form 5500 On Time?

November 7, 2017

It can be extremely costly if you miss the filing deadline for Form 5500, Annual Return/Report of Employee Benefit Plan, for retirement and health and welfare plans. It is important to have safeguards in place to avoid any penalties by ensuring that meeting filing deadlines never falls between the cracks. Adding Up Penalties If you…

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