Notifications: Plan Sponsor Responsibilities
When you sponsor a retirement plan, like a 401k, you are ultimately responsible for ensuring that participants receive all required information in a timely manner. This is true even if you outsource administration, including notifications…
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What Does Your Plan Document Say?
When you sponsor a retirement plan, like a 401k, the plan document is your play book, and you should be consulting it whenever questions pop up. For example, do you match catch-up contributions? Exactly which…
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What Would Help?
When you run a small construction company, sustainable growth can be especially hard to achieve, given the unique and inherent challenges involved in building. In the year ahead, what areas of your business would most…
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Public Construction: Resiliency?
From severe coastal storms to heavy inland rainfall, the vulnerability of public infrastructure continues to be a concern for local, state and federal leaders. Significant investments in resiliency projects are cropping up around the country….
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Estate Intersections: Intent, Control and Timing
While some families experience conflict because an estate plan has not been put in place, others experience conflict related to discrepancies in an estate plan. Of course the best situation following a death is no…
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What Is A Pour-Over Will?
A pour-over will is a fairly simple—yet essential—document needed when a living trust anchors an estate plan. Basically, as the name implies, a pour-over will “pours” any assets that have remained in your name into…
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Resolutions for The Year Ahead
“A confluence of evolving risk factors,” as well as the rising expectations of 401k plan participants, are two big reasons why ERISA retirement plan attorney, Ary Rosenbaum, is encouraging sponsors to get an early start…
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Tricky Stuff: Roth Catch-Up?
Viewed as one of the trickier provisions of the massive, bipartisan SECURE 2.0 Act of 2022, Roth Catch-Up Contributions become effective in 2026, impacting employees who earn over $145,000, and want to make catch-up contributions…
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Handwritten Wills?
Serious, sudden illness. Heading into danger, perhaps a military operation. Life threatening natural disaster. Historically, these kinds of grave situations have prompted the spontaneous writing, by hand, of a will. Known as holographic wills, plans…
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