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401K Advisor back issues
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An insight into obtaining 404(c) relief for default investments: from an interview with Roberta Watson, Esq.(Q&A)(Interview)
January 1, 2007... The Pension Protection Act of 2006 amended ERISA to provide Section 404(c) relief for plan fiduciaries who select a default investment option when participants fail to provide their own investment instructions. Proposed regulations on this provision of the new law were released at the end...
Are plan investments paying for everything?(INVESTMENT CORNER)
January 1, 2007... All too often, we hear plan sponsors referring to their retirement plan as costing them nothing. The assumption is, if there are no invoices, no per head charges, and no one is writing a check, then it must be free. This is a common misconception among plan sponsors, and regulators are...
New distribution rules may require 2007 amendment.(Pension Protection Act of 2006)
January 1, 2007... Included in the legislation of the Pension Protection Act of 2006 (PPA) is a provision that affects the distribution process for nonspouse beneficiaries. This change in law applies for distributions after 2006 and will require a revision to plan documents, the Summary Plan Description, and...
Plan amendments and restatements for 2006.(Economic Growth and Tax Relief Reconciliation Act of 2001)
January 1, 2007... Despite what you might have heard about the new simplified process for keeping a plan's determination letter up-to-date, the process of keeping a plan qualified has become a lot more complex. The result is that most employers should assume that they will need to make minor amendments to...
IRS posts list of EGTRRA document submitters.(Economic Growth and Tax Relief Reconciliation Act of 2001)(Internal Revenue Service)(Brief article)
January 1, 2007... The plan industry has seen fallout of service providers over the last five years, with many large and small plan administration and 401(k) investment providers closing shop. At the same time, surviving 401(k) providers have seen very strong growth, taking business from those leaving the...