Best Practices for Plan Sponsors

A plan sponsor's responsibilities | Internal Revenue Service

A plan sponsor's responsibilities · Remember that you, the employer, are responsible for keeping your plan in compliance · Double-check the ...

An end-of-year checkup: 8 tips for 401(k) plan sponsors - Guideline

Here are 8 tips that 401(k) plan sponsors should consider during their end-of-year plan checkup.

Plan Sponsor Priorities for 2024: A Seven-Item Checklist

To recruit and retain top talent, plan sponsors must customize their financial education strategy to the needs of a diverse and evolving ...

Beneficiary Designations – Plan Sponsor Best Practices

The plan document controls the disposition either through a valid beneficiary designation, or if none, through a plan provision.

Best Practice Guides for Defined Contribution Plan Sponsors

NAGDCA has put together a series of guides to help all plan sponsors develop deferred compensation plans that provide participants with financial security at ...

Five "Best Practices" for Employer Retirement Plans

Best Practice #1 - Define who the plan fiduciaries are, understand their responsibilities and implement processes to deal with plan requirements. Often, many ...

INSIGHTS | Common Mistakes Plan Sponsors Make in Retirement ...

Best practice: Review the plan document for information about correct matching contribution formulas, the definition of compensation and the ...

401(k) plan best practices: A plan sponsor's 2024 fiduciary checklist

A fiduciary is anyone who exercises discretionary authority or control over the plan itself, the plan assets, anyone who gives investment advice to the plan ...

Best Practices for Plan Sponsors - PlanPerfect

The most important thing a plan sponsor can do is to provide complete and accurate census data (and as soon as possible after year-end). Testing errors often ...

Lesser-Known Strategies to Improve Plan Sponsor and Participant ...

The session focused on practical strategies to improve plan sponsor and participant outcomes, with an emphasis on those contained in recent legislation that ...

401k Best Practices: A Guidebook for Plan Sponsors Podcast

Book a 30 Minute, No Obligation Meeting. Schedule your complimentary 30-minute discovery call so we can understand your unique financial and life goals and ...

Position Your Firm For Plan Sponsors - John Hancock Retirement

1 How does your firm operate and why is it good for us? · Who owns your firm, how is it structured, and how does this benefit us? · What lines of ...

The Plan Sponsor Roadmap: 5 Key Tips for Beginners - RPCSI

5 Tips for Success as a New Plan Sponsor · Tip 1: Know Your Responsibilities · Tip 2: Get Familiar with the Plan Document · Tip 3: Implement ...

best practices Archives - Fred Reish

Plan sponsors should be aware of the latest trends in fiduciary litigation in order to develop practices to manage the risk of being sued and, if sued, of being ...

'Fiduciary' Is The Best Practice 401k Plan Sponsors Can No Longer ...

'Fiduciary' Is The Best Practice 401k Plan Sponsors Can No Longer Ignore. Of Counsel Michelle Capezza was quoted by Fiduciary News in an article ...

Best Practices for 401(k) Plan Sponsors: Fiduciary Responsibilities

Best Practices for 401(k) Plan Sponsors · Understand You Plan Structure · Review and Monitor Plan Fees · Provide Effective Communication and ...

What are some best practices for ERISA retirement plan fiduciaries?

Best practices for plan operations · Deposit 401(k) contributions in a timely manner · Keep plan documents up to date · Comply with all compliance ...

Tips for Plan Sponsors: Short On Time? | Colonial Surety

Because it is impossible to fully eliminate the inherent risks associated with sponsoring a retirement plan, it makes good sense to reduce them via fiduciary ...

Three Best Practices 401k Plan Sponsors Should Revisit Today

Three key areas that plan sponsors should focus on right now are Fiduciary Responsibility and Plan Governance, Participant Education, and Plan ...

How to Approach Prospective Plan Sponsors: Take the Road Less ...

When you meet with the Plan Sponsor, describe the common shortcomings of many of today's plans. Review the last five or six plans you built, and ...