Retirement Plan Provider Guide Workplace retirement plans can be complicated. The compliance rules, investments, reporting, tax forms, and terminology are enough to make any plan sponsor’s head spin. Even the roles of service providers can be confusing. Our retirement plan provider guide enables plan sponsors to tear up all those business cards and get to the root of what each service provider does. June 5, 2019 By Petros Koumantaros Education providers, services, ERISA, education, guide Comments Read More >>
Understanding Financial Statement Audits While we hope you never have had to experience it, you’re no doubt familiar with the idea of an audit of your personal or corporate tax return. But, you may not be familiar with an audit of your qualified retirement plan. This Spectrum Employer Connect video explains the situations where a financial statement audit may be required. Understanding when and for whom these audits are required can help ease your concerns over the prospect of a plan audit. January 1, 2019 By Petros Koumantaros Employer Connect dol, irs, audit, erisa, video, bond Comments Read More >>
Plan Fiduciary Services and Why They Matter In a plan sponsor's capacity as fiduciary to its plan, the plan sponsor has a variety of specific responsibilities to manage–or–outsource to a professional, qualified third party. A 3(16) fiduciary service is the mechanism where you, as plan sponsor, can outsource some, or all, of your administrative fiduciary responsibilities. This video highlights these administrative fiduciary responsibilities and your options to manage or delegate this role to a 3(16) fiduciary service provider. November 1, 2018 By Petros Koumantaros Employer Connect fiduciary, 3(16), plan sponsor, video, erisa Comments Read More >>
ERISA Workplace Retirement Plan Limits The federal government annually publishes updated qualified retirement plan limits, which impact the contributions, benefit accruals, and compliance of ERISA covered qualified retirement plans. This article provides summary tables with explanations of the changes to plan limits in recent history. February 16, 2018 By Petros Koumantaros Education erisa, 401k, limits, defined contribution, defined benefit, irs Comments Read More >>