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How to choose the right 401(k) plan auditor

How to choose the right 401(k) plan auditor

October 15, 2023

Wondering how to choose the right 401(k) plan auditor for your organization? Here’s what to look for—and avoid—in selecting your auditing firm.   If your[...]

A new DOL policy means you may not need a 401(k) plan audit. (Here’s what you need to know).

June 15, 2023

A new DOL policy means you may not need a 401(k) plan audit. On February 23, the Department of Labor, IRS, and Pension Benefit Guarantee Corporation unveiled major changes to[...]

building a relationship with your 401k or benefits plan auditor

Overwhelmed by your 401k auditor’s questionnaires? (We hate them too.)

May 15, 2023

Plan sponsors and advisors, building a relationship with your 401k or benefits plan auditor is better than any questionnaire. Here's why. No matter if you’re a 401(k)[...]

DOL cybersecurity recommendations (yep, they audit you on these too)

November 15, 2022

Cybersecurity: it’s another area businesses are spending more and more on. And yep, Department of Labor regulations mean you can get audited on it. It’s no surprise the[...]

Yes, terminated employees in your plan count toward the audit requirement

October 15, 2022

Terminating an employee is never easy, but can be necessary. When people leave your company—voluntarily or not—they take the value in their 401(k) plan with them to[...]

Auto-escalation, the right way

September 15, 2022

Auto-escalation is another way you can encourage investment in your 401(k) plan and help your employees put their money to work. With auto-escalation, employees’ 401(k)[...]

Uncommunicative employee? It’s YOUR problem

August 16, 2022

Things that “aren’t your problem” before the introduction of your 401(k) very much become your problem once you have a plan to administer–especially when reviewed in[...]

Auto-enrollment is awesome. Here’s what NOT to do

July 15, 2022

Auto-enrollment is great for your employees. It helps with one of the challenges we all face: inertia. Instead of slogging through a complicated process to enroll in[...]

Pros and cons of Safe Harbor matching contribution plans

June 24, 2022

To ensure 401(k) plans don’t unfairly prioritize senior executives, the IRS uses an annual test usually called ADP. The ADP test compares the average salary deferral[...]

7/31 deadline for Cycle 3 restatement

May 15, 2022

It may seem everything is going well with your pre-approved 401(k) plan. But are you on course for Cycle 3 restatement? Pre-approved plans are those sold to employers by[...]