Annual Compliance Testing: Need a Hand?

Voya offers plan administrators help navigating compliance testing for the ABA Retirement Funds Program—at no additional charge.

Remember to Submit Demographic Data for All Plan Eligible Employees on your 2017 Census

It is important that we have information on file for all your eligible employees, even employees not actively contributing. Please notify the Program about each eligible employee using the Employee and Contribution Census by February 11, 2017.

Self-certification for Waiver of 60-Day Rollover Requirement

Under certain conditions, plan members don’t have to file with the IRS to request a waiver of the general 60-day rollover requirement.

Did You Receive Your 2017 Calendar?

This year’s Program Calendar contains a wealth of information to help you manage your plan and is set against a colorful backdrop of amusement parks, carnivals and state fairs.

2017 Contribution Limits

Although the IRS did not increase the maximum contribution amount for participants in an employer-sponsored retirement plan for 2017, plan administrators need to be aware of other changes.

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.

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