Category Archives: Qualified Retirement Plans

Document Retention for ERISA Plan Sponsors

ERISA has two provisions that concern record retention. First, ERISA §107 requires anyone who files or certifies certain information (i.e. a Form 5500) to maintain sufficient records to explain, corroborate, substantiate and clarify the information contained in the filing or certification. Continue reading

Posted in Executive Benefits, Non Qualified Retirement Plans, Qualified Retirement Plans, Retirement, Retirement Plans

Social Security’s Real Retirement Age is 70

Benefits claimed before 65 were actuarially reduced, so that those who claimed at 62 and those who claimed at 65 could expect to receive about the same total amount in benefits over their lifetimes. Continue reading

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Social Security’s Real Retirement Age Is 70

Due to increases in Social Security’s Delayed Retirement Credit, the effective retirement age is now 70, with monthly benefits reduced for earlier claiming. Continue reading

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Overcoming Small Firm Retirement Benefit Challenges

Small companies (10 – 499 employees) face retirement plan coverage and participation, as well as employee retirement readiness, challenges, a report suggests. Continue reading

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DOMA DECISION: ITS IMPACT ON RETIREMENT PLANS

DOMA applied to over 1,000 federal laws, statues and essentially the entire realm of federal regulations which all defined “marriage” and “spouse” as excluding same-sex partners, including retirement plans. Continue reading

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SEC Proposes New Rules on Money Market Funds

Recently, the Securities and Exchange Commission (SEC) voted to propose rules that would reform the way that money market funds (MMFs) operate. Continue reading

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When Can You Amend A Safe Harbor 401(k) Plan?

To say that the plan could not be changed for an entire year would be unrealistic, thus there are limited exceptions. Continue reading

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Updated IRS Benefit Limits for 2013

Last Friday, after passage of the American Tax Relief Act of 2012 (ATRA), the IRS released final limits for 2013 Continue reading

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10 Steps 401(k) Plan Sponsors Should Take This Year

The top tips include taking a fresh look at the plan’s default options, “white-labeling” your investment choices, and completing a compliance audit. Continue reading

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Fiscal Cliff and Your Retirement

Congress has approved, and President Obama has signed, the American Taxpayer Relief Act of 2012 Continue reading

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