One of the most tricky jobs for CFOs is making sure the company is doing everything it should as the retirement plan’s fiduciary.
Retirement Plan Administration
Your company can now tap email or even text to pass along key retirement plan disclosures. The Department of Labor recently released a final rule, effective July 27. And seeing how your workforce may be more fractured than usual, thanks to the coronavirus pandemic, this couldn’t come at a better time. Here’s what you need […]
The Department of Labor’s (DOL’s) proposed fiduciary rule replacement has arrived. The rule replaces the Obama-era fiduciary rule vacated in 2018. Its aim: to help employees get better investment advice about their retirement plans. The new rule will likely include a five-part test to determine who’s a fiduciary under ERISA rules. And it will align […]
Lately, lawmakers have been focusing more on boosting participation in retirement plans. And many of their solutions involve your Payroll team. Legislators have already made several changes. More could be coming soon, according to a statement from the ERISA Industry Committee (ERIC). In the statement, the committee praised recent efforts to boost workers’ retirement savings […]
The upcoming 401(k) fee disclosure regs are weighing heavily on employers. As a result, firms are concerned about compliance issues and expecting to dedicate more time to retirement plan administration.
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