SECURE Act 2.0 – Not the 401(k) Reform Americans Deserve

On March 29, 2022, the U.S. House of Representatives passed the Securing a Strong Retirement Act – better known as SECURE Act 2.0 because it builds upon the Setting Every Community Up for Retirement Enhancement (SECURE) Act. We support SECURE Act 2.0 generally but am...

The Ultimate Guide to Safe Harbor 401(k) Plans

Safe harbor 401(k) plans are subject to employer contribution and participant disclosure requirements that don’t apply to traditional (non-safe harbor) 401(k) plans. In exchange, a safe harbor plan can automatically pass the ADP/ACP test and satisfy the minimum...

Pooled Employer Plans (PEPs): Myth vs Reality

In 2019, the SECURE Act created Pooled Employer Plans (PEPs) – a form of “open” Multiple-Employer Plan that pools the 401(k) assets of multiple unrelated employers. Supporters claim PEPs can offer lower fees for plan participants and greater liability protection for...

401(k) Nondiscrimination Testing Study – What % of Plans Fail

401(k) plans must pass certain IRS-mandated nondiscrimination tests annually to confirm Highly-Compensated Employees (HCEs) do not disproportionately benefit and that no plan participant exceeded certain contribution limits. Often, these tests are completed as soon as...

The Top 10 Frugal Fiduciary 401(k) Blogs of 2021

Happy Holidays from Employee Fiduciary! As 2021 comes to a close, we looked back through this year’s blogs to find the most read. It turns out our most popular blogs related to the following topics: Plan design – including how to determine the controlled group status...

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