Viewpoints about ERISA
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The DOL’s final fiduciary rule is here!
Released in April 2024 with a September effective date, this rule defines when a person is an investment advice fiduciary under ERISA and the Internal Revenue Code. It also includes amendments to various class prohibited transaction exceptions (PTEs) available to these fiduciaries.
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Defined contribution plan terminations—what plan sponsors need to know
There’s more to terminating a qualified defined contribution retirement plan than just stopping contributions. Find out what the process involves.
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Understanding the DOL’s definition of an investment advice fiduciary
The proposed DOL Retirement Security Rule changes the definition of an investment advice fiduciary. Learn what this means for your participants.
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What’s new for the 2023 IRS Form 5500?
The DOL has made some significant revisions to the 2023 IRS Form 5500. Find out what’s changed to help you gather the appropriate data and keep your retirement plan compliant.
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What are some best practices for ERISA retirement plan fiduciaries?
The rules for retirement plan fiduciaries are set out by the Employee Retirement Income Security Act of 1974 (ERISA). We’ve outlined some key best practices to help fiduciaries navigate their plan governance, investments, operations, and other duties.
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Year-end checklist: eight tips for financial professionals
The holidays are here and it’s time to prepare for the new year. Here are eight items for retirement plan financial professionals to focus on as you close the book on this year and start writing next year’s story.
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Three tips to help avoid becoming an accidental fiduciary
As a third-party administrator (TPA), you may often take initiative to help plan sponsors with various tasks. But could you accidentally cross a line to become a fiduciary by doing these things? We’ll share some tips to help avoid unwanted fiduciary status while still offering excellent service.
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Can you pay 401(k) plan expenses from plan assets?
Managing plan fees is more than ensuring that costs are reasonable. You also have to ensure they’re paid by the appropriate party. Learn who can pay the different types of plan expenses.
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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.
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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.
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