Economic recovery since 2008 has meant different things to different industries and to individual businesses. For many, it means doing more with less, especially less staff. Sponsors of tax-qualified retirement plans such as the 401(k) who have had ...
[Read more] about Retirement Plan Partial Terminations – It’s A Question Of Vesting
Resources
In-House Benefits Teams Need To Understand Their Responsibilities And Liability
Picking your infield - your first line of defense...
With retirement plans, as in baseball, having a strong infield will be the key to your defensive success. This is where the majority of the plays are made — by the in-house players (or ...
[Read more] about In-House Benefits Teams Need To Understand Their Responsibilities And Liability
Controlled Group Rules: Yours…Mine…Ours?
In other articles, we have gone to great lengths to explain the importance of determining who the "employer" is for employee benefit purposes (The Aggregation of Employers and Employees . . . What You Don't Know Can Hurt You; The Aggregation of ...
[Read more] about Controlled Group Rules: Yours…Mine…Ours?
Professionals Can ‘Cash In’ With Cash Balance Plans
This article explains the unique characteristics of a cash balance pension plan and its suitability for use by professional groups where the owner-professionals are already maxing out their contributions under a defined contribution plan.
As a ...
[Read more] about Professionals Can ‘Cash In’ With Cash Balance Plans
You Need To Determine If Your 403(b) Arrangement Is Subject To ERISA, And If It Is – What To Do About It
For some 501(c)(3) organizations, the appealing thing about allowing employees to participate in a 403(b) arrangement has been the minimal employer involvement and the fact that the plan can be operated on a "non-ERISA" basis. That is, the 403(b) ...
[Read more] about You Need To Determine If Your 403(b) Arrangement Is Subject To ERISA, And If It Is – What To Do About It
Unused Leave Or PTO Cash-Outs And Tax Problems For Employees: Can They Have Their Cake And Eat It Too?
A number of employers, particularly public agencies, allow their employees to accumulate significant amounts of paid time off, vacation or paid leave (collectively PTO). This article alerts employers to certain practices and policies regarding the ...
[Read more] about Unused Leave Or PTO Cash-Outs And Tax Problems For Employees: Can They Have Their Cake And Eat It Too?