ERISA Law: Correcting Violations?
To encourage retirement plan fiduciaries to bring plans into compliance with the Employee Retirement Income Security Act (ERISA), the Employee Benefits and Securities Administration(EBSA) administers the Voluntary Fiduciary Correction Program (VFCP). In 2021, the…
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Income Illustrations?
That’s what retirement plan sponsors across the country need to be asking their plan administrators about this quarter. Why? The 2019 Secure Act mandated that participants receive two illustrations, at least once each year,…
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$17 Billion: Port Infrastructure
Suddenly, it seems, shortages, delays and disruptions have become part of our daily lingo. Of course the reality is that our infrastructure and capacity issues have long needed attention. The federal infrastructure package has…
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Construction and Technology?
The scale, scope, and complexity of infrastructure challenges in need of attention across the country has upped the imperative for advancing the use of technology. Industry experts observe that the integration of technology and…
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Form 5500?
Form 5500? Experts remind retirement plan sponsors that they have “two masters”: the Department of Labor (DOL) and the Internal Revenue Service (IRS). While the Department of Labor oversees compliance with ERISA, the IRS polices…
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Appoint a Digital Executor?
With more and more of our lives taking place in the digital realm, our valuables are no longer limited to just those we can touch. Digital assets now require explicit attention during estate planning….
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Cryptocurrency and Estate Planning?
If you’ve jumped into cryptocurrency, don’t forget to figure out how to make it accessible to your loved ones when you die. What if the value increases and no one knows your private key?…
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Retirement Plans In Demand
The “great resignation” is not over: a survey from Principal Financial Group found that a third of workers in the U.S. are considering job changes or retirement in the next 12-18 months. Benefits are going…
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Lessons From A Recent Hack
Recently, the Missouri teacher’s pension fund was attacked—exemplifying just how vulnerable retirement funds are to cyberattacks. Cybersecurity experts provide practical advice to help plan sponsors protect the retirement savings of their employees and beneficiaries. Always…
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