A small employer may find that converting its 401(k) plan into a "SIMPLE" 401(k) plan is preferable to adopting a traditional safe harbor 401(k) plan. What is a SIMPLE 401(k) plan? It is a 401(k) plan under which the employer makes either ...
[Read more] about SIMPLE 401(k) Versus A Safe Harbor 401(k): The Pros And Cons For Your Small Business
Resources
Succession Planning And The ESOP
Evaluating whether an ESOP is appropriate when it’s time to sell the business…
In ESOPs: The Three Types, we explain the three basic ways an Employee Stock Ownership Plan (ESOP) can be used to effectively motivate employees to increase ...
[Read more] about Succession Planning And The ESOP
What It Means To Be An ERISA Fiduciary
An overview of ERISA fiduciary rules...
ERISA's definition of "fiduciary" basically encompasses three categories of responsibility or activities with respect to an employee benefit plan. In addition to anyone who is specifically named as a ...
[Read more] about What It Means To Be An ERISA Fiduciary
Affordable Care Act Compliance: The DOL Is Auditing
The Department of Labor (DOL) appears to be focusing its scrutiny on welfare benefit plans in response to the Patient Protection and Affordable Care Act of 2010 (PPACA). Now that Obamacare implementation is well underway, practitioners have ...
[Read more] about Affordable Care Act Compliance: The DOL Is Auditing
Understanding ESOPs: How They Benefit Sellers, The Company, And Employees
Understanding ESOPs can be daunting at first glance. This article looks at how ESOPs can be a cash-flow-efficient and tax-advantaged option that merits careful consideration when compared to selling the company or merging with a third party.
At ...
[Read more] about Understanding ESOPs: How They Benefit Sellers, The Company, And Employees
ERISA-Covered Plan Investment And Fee Disclosures To Participants: The What, Who, And How
What: In 2012, Department of Labor (DOL) rules went into effect requiring plan administrators of ERISA-covered plans with participant-directed investments to make specified disclosures of plan fee and investment information to:
Active ...
[Read more] about ERISA-Covered Plan Investment And Fee Disclosures To Participants: The What, Who, And How
Confused by the terminology? Check our Glossary of Terms