Tag: 401(k) Plan

[A version of this article first appeared on FiduciaryNews.com. Once logged in to that site, you can view it here.]   Whether you are a plan sponsor or the participant who is saving for retirement, you are likely to have a question or two when it comes to 401(k) plans. Here are a few of […]

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The 401(k) industry is complex. With a mixture of rules and regulations that are written and enforced by more than one government organization, there are a plethora of complications that can arise. Every year, 401(k) plans around the country are subject to government non-discrimination and coverage testing. Because the U.S. Government offers substantial tax benefits […]

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In the 401(k) marketplace, you can occasionally find separate companies that will sign onto your 401(k) plan in the role of 3(38) Investment manager, and even 3(16) Plan Administrator. However, when sponsors engage these separate companies, their combined plan services often become fragmented and expensive. BenefitGuard is the only provider in the market that appoints […]

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When referring to 401(k) audits, most plan sponsors understand the basic concepts of the annual audit attached to the IRS Form 5500 for plans greater than 100 participants. The auditor is onsite for a couple of weeks and gathers the needed information pertaining to the financials of the plan. But what happens when the government […]

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At BenefitGuard, we do a lot of 401(k) enrollment meetings. Some of those meetings are in person, some are live webinars, some are run by HR managers or financial advisors, and others are pre-recorded web videos.  Regardless of the meeting format, we’ve found that the right preparation, execution, and follow-up to the meeting are huge […]

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If you don’t know what a Safe Harbor 401(k) plan is, we’re not talking about sailing. We setup 401(k) plans every week for clients all across the country and many of those plans are Safe Harbor plans.  Some companies are moving an existing Safe Harbor plan to our platform while others are setting up a […]

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Have you ever experienced a 401(k) Audit? For most plan sponsors, they aren’t pleasant. And no, I’m not referring to being audited by the DOL or IRS, I’m referring to the annual audit attached to Form 5500 that is required for “large plans”. At BenefitGuard, we sell and service a lot of 401(k) plans and […]

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The 401(k) industry is changing. It has been slowly evolving over the past 30 years, but recently has seen fairly significant developments. There is a lot of buzz in the space about 401(k) lawsuits and fiduciary responsibility. The largest companies across the nation have already started to thoroughly review their plans to make sure they […]

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