3 Types of Automatic Enrollment in Plans
Employers and lawmakers have long grappled with how to increase employee participation in company-sponsored retirement plans. While participation has risen in recent years, especially at larger companies that have implemented automatic enrollment, the Department of...Target Date Funds: New Guidance from DOL
In February the Department of Labor’s Employee Benefits Security Administration (EBSA) issued new guidance for plan fiduciaries regarding Target Date Funds (TDFs), a relatively new and increasingly popular destination for retirement plan contributions. Although...QDIA: Protection for Plan Sponsors
Automatic enrollment (AE) in company retirement plans can help workers increase their retirement savings, but it presents a challenge: How should the employer invest the dollars of employees who do not affirmatively choose an investment vehicle for their contributions...An Update about In-Plan Conversions to Roth
The Joint Committee on Taxation recently clarified provisions relating to the expanded in-plan Roth conversions. As discussed in our March 11 post, the American Taxpayer Relief Act of 2012 expanded in-plan Roth conversions to include all pre-tax accounts, whether or...What to Know If You’re a Highly Compensated Employee
If you’re an owner or top earner at your company you might think that being an HCE is simply a matter of whether your salary exceeds a certain limit. In fact there’s more to it than that. Knowing the details can help owners and other HCEs avoid unwanted...
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