401k Advisors & Employee Benefit News
Benefit News by San Francisco 401(k) Advisors
Many employers have complicated corporate structures. These may include subsidiaries, holding companies, brother-sister corporations, or a related service group. Consequently, certain corporate structures may directly affect an employer’s 401k plan. The Internal Revenue Code provides that all employees of all employers that are part of the same “controlled group” of corporations be treated as employees [...]
As a plan sponsor and fiduciary of your company’s retirement plan, keeping an up-to-date fiduciary file is critical. To begin, we recommend preparing your file in four key sections; contents of each section could include the following: Documents:Plan Document, IRS Determination Letter, Summary Plan Description, Investment Policy Statement, 404(c) Policy Statement and Notice, Form 5500s; [...]
Both the mainstream press and reports from 401k vendors indicates that participants’ 401k accounts either have, or are nearing, pre-recession levels. That said, the mixture of both relief and disbelief that plan sponsors are experiencing needs be somewhat tempered. As with most issues, the “devil is in the details.” The Vanguard Group recently reported that 60% [...]
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