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investments

The problem with plan investments and audits

Retirement plans with more than 100 participants require a CPA audit for their Form 5500. However, small plans with less than 100 participants may sometimes require an audit. This often happens when more than 5% of the Plan’s assets are invested in what is c...

thestory

Tell your TPA the whole story

There are good third-party administrators (TPAs) and bad ones. No matter how good your TPA is, they’re not a mind reader. So when it comes to providing information to your TPA, you need to level with them. If you don’t provide the necessary information abo...

the real world

Breaking up with your TPA can be hard to do

The MTV reality series The Real World ended their opening intro with “to find out what happens… ...

space invaders

Your participants should stay the course

With participants being allowed to get a Coronavirus related distribution under the plan if they wer...

dayrunner

Plan Sponsors Should Get Their Own Football

When I was in college in the early 1990s, I was heavily involved in student politics. I would go and...

insurance

Those insurance funded defined benefit plans will blow up again

One of the things I dislike the most is owner-only defined benefit plans where the minimum contribut...

knowledge

Let them know

With the CARES Act and increased loan amounts and an opportunity for distributions from the early di...

scrooge mcduck

Allow Coronavirus Distributions in your Plan

Your third-party administrator (TPA) might contact you, regarding the coronavirus distribution that ...

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The thing about too much choice in 401(k) plans

In life, choice is usually a good thing. However, when it comes to daily valued 401(k) plans, too ma...

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You still have to do your job as 401(k) plan sponsor

CitiBank used to have a jingle in their ads in the 1980s that “Citi never sleeps, CitiBank”. Whi...