Pooled 401(k) Plan Fees – A Case Study

Pooled Employer Plans (PEPs) and Multiple-Employer Plans (MEPs) are considered pooled 401(k) plans because they pool the 401(k) assets of multiple employers. Supporters claim that pooled plans can charge lower fees for high-quality administration services and...

401(k) Contributions – What Workers Need to Know

401(k) plans can offer dramatically different contribution options. A plan’s governing legal document will define the contributions allowed. We recommend workers understand their plan’s options – which can be found in their Summary Plan Description (SPD). Otherwise,...

The Top 401(k) Priorities on the DOL’s Regulatory Agenda

On June 21, 2022, the United States Department of Labor (“DOL”) published its Spring 2022 Regulatory Agenda. This agenda lists all the regulations the DOL expects to have under active consideration. The Employee Benefits Security Administration (EBSA) items include...

New 401(k) Lifetime Income Disclosures

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) created a new participant disclosure requirement for 401(k) plans. To meet the new requirement, benefit statements must include a “lifetime income” disclosure at least annually to help...

401(k) Plan Design Study: Safe Harbor and Roth Adoption is Up

Small business owners can have dramatically different goals for their 401(k) plan. While some want to maximize key employee contributions, others want to incentivize plan participation by all employees. Business owners have nearly endless options for meeting these...

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