Employees Who Transition to “Of Counsel”

Do you have senior partners, shareholders or other lawyers transitioning to “of counsel” status this year? You may need to update their status to “terminated” if they are no longer considered employees of the firm.

Meet Your Program Fiduciary: Mercer Trust Company (Part Two)

Read the second part of our two-part interview with David Eisenberg, Director of Client Consulting at Mercer Trust Company, to talk about their fiduciary role.

Plan Sponsor Yankelovich MONITOR 2016 Report Data

The Yankelovich MONITOR offers a candid survey of Americans’ self-assessment of their financial circumstances. Attitudes vary across generations. Read the highlights here.

Reminder: QDIA and Safe Harbor Notices due to be distributed by December 1, 2016

If you sponsor a 401(k) plan intended to satisfy the safe harbor regulations, notices should be distributed between October 1 and December 1, 2016. Learn more here.

Retirement Evaluation campaign underway!

Annual “stoplight” Retirement Evaluations have been mailed out to all participants under age 60 with more than $500 in their accounts. Learn about the promotional period offer.

DOL Fiduciary Rules

As you may know, the U.S. Department of Labor (DOL) issued final regulations in 2016 to expand the definition of “fiduciary” under the Employee Retirement Income Security Act of 1974 (ERISA). Read more here.

Meet Your Program Fiduciary: Mercer Trust Company (Part One)

Ever wonder who is responsible for your investments for your retirement Program? We spoke with David Eisenberg, Director of Client Consulting at Mercer Trust Company, to talk about their fiduciary role.

How Can You Help Your Participants Get Ready for Retirement?

Workers simply aren’t saving enough on their own, which is why plan sponsors are stepping in to help. While specific plan features certainly help, they’re not going far enough to help close the retirement savings gap that so many American workers face. Offering your plan participants investment advice may help to close this gap.

New: Compliance Checklist for your Retirement Plan

Check out the new compliance checklist section of our website for help meeting your compliance obligations.

Reminder: File Form 5500 by August 1

As a plan administrator, you are required to annually file Form 5500 with the Department of Labor to ensure your qualified plan follows ERISA standards and rules to protect the rights of participants and beneficiaries.

American Workers and Their 401(k)s

PLAN SPONSOR recently surveyed 1,035 adults age 23 and older about their use of their employer-sponsored retirement plan, their savings, and their investor confidence levels. See what they said.

Read More Posts