Understanding 3 (16) Administrative Services - PLANADVISER
WEBJan 28, 2014 · There are three forms 3 (16) administrative services take in the marketplace today: 1. Supplemental, non-fiduciary (“ministerial”) support services such as document mailing and “hands free” processing of loans and distributions; 2. Limited scope acceptance of some of the functions of the plan administrator but not all; and.
IRS Notice Clarifies SECURE 2.0 Automatic Enrollment, Tax Credits ...
WEBDec 28, 2023 · Section 101 of SECURE 2.0 requires defined contribution plans that are created after the law was enacted on December 29, 2022 to have automatic enrollment and deferral features starting on January 1, 2025. Specifically, plans must enroll participants at contribution levels of between 3% and 10% of salary …
2020 Top 100 Retirement Plan Advisers | PLANADVISER
WEBThe 2020 PLANADVISER’s Top 100 Retirement Plan Advisers listing is here! Each year, PLANADVISER magazine recognizes the top quantitative standouts from our Retirement Plan Adviser Survey with the Top 100 Retirement Plan Advisers awards. Top 100 designees are named according to the dollar value of qualified plan assets under advisement, as ...
SECURE Act Update: Revisions to Model Rollover Notices
WEBFeb 7, 2020 · Under the laws governing tax-qualified retirement plans, the 402 (f) notice is required to be given to participants to help them understand their rollover options. Passed late last year, the SECURE Act made a number of changes to federal tax laws that affect the information on the 402 (f) notice. “We were strong supporters of the SECURE Act ...
$30 Million Settlement Reached in Lawsuit Over DB Plan Funding
WEBJan 8, 2021 · Under the terms of the settlement agreement, $30 million will be paid to the plan by the hospital’s parent company, Prospect Chartercare, and other defendants.The lawsuit says “the settling parties recognize that the claims released herein are disputed and uncertain,” and it notes that it was reached amid a “desire to settle such claims so as to avoid the cost, risk and uncertainty of ...
2022 PLANADVISER Top Retirement Plan Advisers
WEBThe 2022 PLANADVISER Top Retirement Plan Advisers listing is here! PLANADVISER is pleased to reveal the revamped PLANADVISER Top Retirement Plan Advisers listing, the next iteration of our longstanding Top 100 program. For many years, this designation had been awarded to the top 100 retirement plan advisers and teams based on quantitative ...
IRS Issues How-To Guidance for Prorating Short Plan Years
WEBMay 31, 2018 · The prorated short-year limit is $137,500—i.e., $275,000 x (6/12) = $137,500. The IRS also provides examples for initial short plan years and plan termination. The agency notes that the compensation limit is not prorated for employees who enter or leave the plan mid-year, provided the plan continues to …
PLANADVISER 360 | PLANADVISER
WEBJoin your colleagues and friends for an afternoon of fun at the PLANADVISER 360 Golf Tournament! 12:30 p.m. | Tee-off. 5:30 p.m. | Awards and Cocktails. The fun continues at Brittlebush Golf Club when PLANADVISER 360 kicks-off with a Welcome Party! Enjoy food, drinks and fun and grab a group for a quick game of glow golf on the practice green!
Creative Planning Buys ‘Disruptor’ America’s Best 401k
WEBSep 25, 2019 · John Manganaro. Creative Planning has announced the acquisition of America’s Best 401k, a technology driven retirement plan provider focusing on a high-transparency, low-fee model. America’s Best 401k Founder and President Tom Zgainer will remain in his current role. The financial terms of the deal are not being disclosed.
Northern Trust Faces New Fiduciary Breach Allegations
WEBJun 7, 2021 · Filed in the U.S. District Court for the Northern District of Illinois, Eastern Division, the lawsuit alleges that Northern Trust breached its fiduciary duties by failing to prudently select and monitor investment options for its Northern Trust Company Thrift-Incentive Plan. Specifically, the complaint alleges that the defendants failed to ...