Part One: Gathering Census Data and Balancing Asset Reports If you sponsor a retirement plan for your employees, you will soon discover that the bulk of the government compliance work done by your Third Party Administrator (TPA) occurs in the first quarter of each year. Your duties as a Plan Sponsor will also become more demanding during that time as you gather the required data and have more frequent communications with your TPA. We often get questions on why the TPA is re

At this time of year, there is a lot of focus on your retirement plan. Your administration team is focused on gathering data, completing various compliance tests, and setting your plan up for another successful year. You are likely focused on all your fiduciary responsibilities that get more demanding during this time. Disruptions of any kind may make it much more difficult for you and your administration team. One of the primary disruptions to accomplishing the necessary pla

An employer-sponsored retirement plan is a cost-effective benefit strategy that is offered to employees at no or low cost. These benefit programs often include other services such as medical insurance for employees and tax breaks to the employer. Retirement plans fall into one of two general categories: defined benefit plans, in which the retiree is promised a defined monthly amount (also called pension plans), and defined contribution plans, where the employer, employee, or

Are you doing more business with - and through - third party administrators? If so, you're not alone.

Your 401(k) plan census contains important information about your employees. This information is used to complete the annual census.

401(k) contributions result in tax advantages. As such, it is important that the 401(k) plan benefits all employees...