This is the first of a series of three articles designed to inform our readers of the significance of the so-called "coverage rules" and "minimum participation rules" applicable to qualified retirement plans. In this article we will explain the basic ...
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Retirement Plan Partial Terminations – It’s A Question Of Vesting
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 ...
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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 ...
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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 ...
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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 ...
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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) ...
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