ERISA
-
What's IRS Form 5500?
Defined contribution and defined benefit plan sponsors must file IRS Form 5500 every year. Learn what a Form 5500 is, the key deadlines, and the penalties for noncompliance.
Read more -
Is fiduciary liability insurance the same as a fidelity bond?
Many plan sponsors think fidelity bonds and fiduciary insurance are one in the same, but they’re not. Our comparison of fidelity bonds versus fiduciary insurance helps you understand the difference and why both are important.
Read more -
What does a retirement plan committee do?
Many plan sponsors manage their 401(k) plans by committee. Learn what retirement plan committees do and best practices for having one.
Read more -
What employee classification means for your 401(k) testing
Your 401(k) plan and an individual’s working relationship with your business are interconnected. Learn how employee classifications can affect how you manage your plan.
Read more -
What happens when there’s a mistake in your 401(k) plan? Overview of the IRS correction program
Correcting plan errors as soon as they’re discovered can help avoid costly sanctions and negative tax consequences. Learn about the IRS correction program and key steps for fixing plan errors.
Read more -
A guide to 408(b)(2) fee disclosures for retirement plan sponsors
ERISA Section 408(b)(2) stipulates that covered service providers must disclose information about their services and fees in writing to the plan’s fiduciaries. And as a fiduciary, you must evaluate the disclosures and determine whether the cost of services provided by the plan’s CSPs is reasonable.
Read more -
What’s your ERISA duty with qualified retirement plan documents?
Failing to update your plan document for new laws, like the SECURE Act and CARES Act, jeopardizes your plan. Stay compliant. Learn the basics about documents and amendments.
Read more -
A checklist for retirement plan fiduciaries amid industry consolidation
Retirement plan sponsors are likely aware of the ongoing consolidation of recordkeepers over the last several years. When there’s a change in any of your plan’s service providers, your fiduciary duty to select and monitor them comes into play. This checklist can help you do your duty to assess the impact of the change on your plan.
Read more -
Avoid these four common 401(k) nondiscrimination testing mistakes
401(k) nondiscrimination testing must be performed annually to keep your plan compliant, and accurate results are vital. Learn how to avoid four common mistakes.
Read more -
Who’s an ERISA fiduciary?
If your business sponsors an ERISA-qualified retirement plan such as a 401(k), you may be an ERISA fiduciary. And one of your responsibilities is to monitor the fiduciaries you appoint to help you run your plan, you should know who’s an ERISA fiduciary—and what they do.
Read more